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Investors who purchased shares of Cullen/Frost Bankers, Inc. (NYSE: CFR) and currently hold any of those NYSE: CFR shares have certain options and should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
An investigation on behalf of current long-term investors in shares of Cullen/Frost Bankers, Inc. (NYSE: CFR) was announced over potential breaches of fiduciary duties by certain officers and directors at Cullen/Frost Bankers, Inc.
The investigation by a law firm concerns whether certain Cullen/Frost Bankers, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
San Antonio, TX based Cullen/Frost Bankers, Inc. operates as the holding company for Frost Bank that offers commercial and consumer banking services in Texas.
Cullen/Frost Bankers, Inc. reported that its annual Total Revenue rose from over $1.07 billion in 2016 to over $1.16 billion in 2017 and that its Net Income increased from $304.26 million in 2016 to $364.14 million in 2017.
Shares of Cullen/Frost Bankers, Inc. (NYSE: CFR) declined from $119.66 per share in May 2018 to as low as $85.05 per share in December 2018.
