Fitch to Withdraw Ratings for Cullen/Frost Bankers, Inc. and Frost State Bank

Fitch Ratings plans to withdraw the ratings on Cullen/Frost Bankers, Inc., Frost State Bank and Cullen/Frost Capital Trust II on or about December 21, 2014, for business reasons. Fitch currently rates Cullen/Frost Bankers, Inc., Frost State Bank and Cullen/Frost Capital Trust II as follows:

Cullen/Frost Bankers, Inc.

--Long-Term IDR 'A';

--Short-Term IDR 'F1';

--Viability Rating 'a';

--Preferred Stock 'BB+'

--Subordinated Notes 'A-';

--Support Floor 'NF'

--Support '5'.

Frost State Bank

--Long-Term IDR 'A';

--Long-Term Deposit 'A+';

--Short-Term IDR 'F1';

--Short-Term Deposit 'F1';

--Viability Rating 'a';

--Support Floor 'NF'

--Support '5'.

Cullen/Frost Capital Trust II

--Trust Preferred Stock 'BBB-'.

The Rating Outlooks are Stable.

Fitch reserves the right in its sole discretion to withdraw or maintain any rating at any time for any reason it deems sufficient. Fitch believes that investors benefit from increased rating coverage by Fitch and is providing approximately 30 days' notice to the market on the withdrawal of Cullen/Frost Bankers, Inc ratings as a courtesy to investors.

Fitch's last rating action occurred on Feb. 5, 2014.

Additional information is available at 'www.fitchratings.com'.

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