U.S. Bancorp to redeem series G non-cumulative perpetual preferreds

By Wendy Van Sickle

Columbus, Ohio, March 3 – U.S. Bancorp plans to redeem all of its outstanding series G non-cumulative perpetual preferred stock on April 15, according to a press release.

The redemption price will be $25,000 per share. The regularly quarterly dividend of $375.00 a share that is also due that day will be paid separately.

Because April 15 is not a business day, the redemption and dividend payments will be made on April 17.

Minneapolis-based U.S. Bancorp is a financial holding company and the parent company of U.S. Bank.

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