secwatch.observer — SEC 8-K summary
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Issuer:     CULLEN/FROST BANKERS, INC. (CFR)
CIK:        0000039263
Form:       8-K
Filed at:   2021-09-07T23:59:59+00:00
Accession:  0000039263-21-000034
Event type: debt
Sentiment:  neutral
Materiality: 0.10
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cullen/Frost to redeem $13.4M in trust preferred securities on Oct 23, 2021
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- Redemption of all Floating Rate Junior Subordinated Debt Securities due 2034 (principal $13,403,000) triggers full redemption of WNB Capital Trust I securities.
- Capital Securities ($13M) and Common Securities ($403K) redeemed pro rata at 100% of principal plus accrued interest ($85,215.14).
- Redemption date October 23, 2021; holders must surrender physical certificates to Wilmington Trust.
- Company's total assets were $46.7B at June 30, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39263/000003926321000034/0000039263-21-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39263/000003926321000034/cfr-20210907.htm
  HTML page:      https://secwatch.observer/filing/0000039263-21-000034

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer