CHICAGO, Dec. 30, 2014 /PRNewswire/ – Marquette
National Corporation (OTCQX: MNAT) today announced that it has
redeemed all 14,189 remaining outstanding shares of its Series A
and Series B Preferred Stock. The total redemption amount was
$14,189,000 plus accrued and unpaid
dividends. To fund the redemption, the Company utilized excess
capital from its banking subsidiary, Marquette Bank.
Marquette National Corporation is a diversified bank holding
company with total assets of approximately $1.53 billion. Marquette Bank is a
full-service, community bank that serves the financial needs of
communities in Chicagoland, offering an extensive line of financial
solutions including retail banking, real estate lending, trust,
investments, wealth management and business banking to consumers
and commercial customers. Marquette Bank has 22 branches
located in Chicago, Aurora, Bolingbrook, Bridgeview, Evergreen Park, Hickory Hills, Lemont, New
Lenox, Oak Forest,
Oak Lawn, Orland Park, Romeoville and Summit, Illinois. For more information
visit: http://www.emarquettebank.com.
Special Note Concerning Forward-Looking
Statements
This document contains, and future oral
and written statements of the Company and its management may
contain, forward-looking statements with respect to the financial
condition, results of operations, plans, objectives, future
performance and business of the Company. Forward-looking
statements, which may be based upon beliefs, expectations and
assumptions of the Company's management and on information
currently available to management, are generally identifiable by
the use of words such as "believe," "expect," "anticipate," "plan,"
"intend," "estimate," "may," "will," "would," "could," "should" or
other similar expressions. A number of factors, many of which
are beyond the ability of the Company to control or predict, could
cause actual results to differ materially from those in its
forward-looking statements. These factors include,
among others, the following: (i) the strength of the local and
national economy; (ii) the economic impact of any future
terrorist threats and attacks, and the response of the United States to any such threats and
attacks; (iii) changes in state and federal laws, regulations
and governmental policies concerning the Company's general
business, including Basel III, the Dodd-Frank Wall Street Reform
and Consumer Protection Act and the regulations issued thereunder;
(iv) changes in interest rates and prepayment rates of the
Company's assets; (v) increased competition in the financial
services sector and the inability to attract new customers;
(vi) changes in technology and the ability to develop and
maintain secure and reliable electronic systems; (vii) the
loss of key executives or employees; (viii) changes in
consumer spending; (ix) unexpected outcomes of existing or new
litigation involving the Company; and (x) changes in
accounting policies and practices. These risks and
uncertainties should be considered in evaluating forward-looking
statements and undue reliance should not be placed on such
statements. Additionally, all statements in this document,
including forward-looking statements, speak only as of the date
they are made, and the Company undertakes no obligation to update
any statement in light of new information or future events.
For more information:
Paul Eckroth
EVP & CFO
708-364-9011
peckroth@emarquettebank.com
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SOURCE Marquette National Corporation