SAN ANTONIO, April 28, 2011 /PRNewswire/ -- The Cullen/Frost Bankers, Inc. board of directors declared a second quarter cash dividend of $.46 per common share, a 5 percent increase from the previous dividend of $.43 per common share.  The dividend is payable June 15, 2011 to shareholders of record on June 1 of this year.

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Cullen/Frost Bankers, Inc. (NYSE: CFR) is a financial holding company, headquartered in San Antonio, with assets of $16.8 billion at March 31, 2010. The corporation provides a full range of commercial and consumer banking products, investment and brokerage services, insurance products and investment banking services. Its subsidiary, Frost Bank, operates more than 100 financial centers across Texas in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Rio Grande Valley and San Antonio regions. Founded in 1868, Frost is the largest bank headquartered in Texas that operates only in Texas, with a legacy of helping Texans with their financial needs during three centuries.

Greg Parker

Investor Relations

210.220.5632

or

Renee Sabel

Media Relations

210.220.5416

SOURCE Cullen/Frost Bankers, Inc.

Copyright 2011 PR Newswire

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