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Cullen/Frost Bankers Announces Quarterly Cash Dividend

01/29/2009

SAN ANTONIO, Jan. 29 /PRNewswire-FirstCall/ -- The Cullen/Frost Bankers, Inc. board of directors declared a first quarter cash dividend of $.42 per common share. The dividend is payable March 13, 2009 to shareholders of record on February 27 of this year.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030109/CFRLOGO)

Cullen/Frost Bankers, Inc. (NYSE: CFR) is a financial holding company, headquartered in San Antonio, with assets of $15.0 billion at December 31, 2008. The corporation provides a full range of commercial and consumer banking products, investment and brokerage services, insurance products and investment banking services. Frost 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 Texas-based banking organization that operates only in Texas, with a legacy of helping clients 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.

Contact: Greg Parker, Investor Relations, +1-210-220-5632, or Renee Sabel, Media Relations, +1-210-220-5416, both of Cullen/Frost Bankers, Inc.

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