Cullen/Frost Prices $150M Preferred Stock Offering
Posted on February 12, 2013 at 19:48 PM EST
Cullen/Frost Bankers (NYSE: CFR ) ("Cullen/Frost") today announced the pricing of a public offering of 6,000,000 shares, or $150 million in aggregate liquidation preference, of its 5.375% non-cumulative perpetual preferred stock, Series A, which qualifies as Tier 1 capital. The preferred stock has a liquidation preference of $25 per