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First National to redeem $41.24 million capital, common securities
By Toni Weeks
San Diego, May 31 - First National Bankshares Statutory Trust I has issued a call to fully redeem its $40 million of floating-rate capital securities due Dec. 30, 2033 and its $1,238,000 of common securities due Dec. 30, 2033, according to an announcement.
The securities, which have a liquidation amount of $1,000 per capital security, will be redeemed June 30 at par.
The paying agent is US Bank NA (651 973-5800).
The issuer is a subsidiary of Naples, Fla.-based First National Bankshares of Florida Inc.
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