Marquette National redeems remaining $14.19 million of preferreds

New York, Dec. 30 – Marquette National Corp. said it redeemed all $14,189,000 of the outstanding shares of its series A and series B preferred stock.

The bank paid the liquidation preference plus accrued dividends.

Excess capital from the company’s Marquette Bank subsidiary was used to fund the redemption.

Marquette National is a Chicago-based bank holding company.

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