Item 8.01 Other Events
On September 7, 2021, Cullen/Frost Bankers, Inc. (the "Company") sent a
redemption notice to Wilmington Trust Company, the Institutional Trustee and
Delaware Trustee for WNB Capital Trust I (the "Trust"), regarding the redemption
in full of the Company's Floating Rate Junior Subordinated Debt Securities due
2034 (the "Debentures"), which will result in the redemption in full of the
Trust's Capital Securities ($1,000 liquidation amount per security and
$13,000,000 in the aggregate) and Common Securities ($1,000 liquidation amount
per security and $403,000 in the aggregate) (together, the "Trust Securities"),
each on October 23, 2021 (with payment to be made on the next succeeding
business day). The Trust Securities will be redeemed pro rata in accordance with
their terms, at a redemption price corresponding to the redemption price for the
Debentures, which will be equal to 100% of the principal amount of the
Debentures ($13,403,000 aggregate principal amount) plus unpaid interest accrued
on such Debentures to October 23, 2021 ($85,215.14 in the aggregate).
The Company issued a press release on September 7, 2021 regarding the
redemption, which is attached as Exhibit 99.1 to this Current Report on Form 8-K
and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
99.1 Press Release dated September 7, 2021.
104 Cover Page Interactive Data File - The cover page XBRL tags are embedded
within the inline XBRL document.
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