11:51 AM EDT, 05/30/2025 (MT Newswires) -- Wells Fargo ( WFC ) and Wells Fargo Bank, National Association, said Friday that the bank will redeem $450 million of capital securities on June 30.

Redemption notices have been submitted to the property trustee for $150 million of floating-rate subordinated capital income securities issued by CoreStates Capital II and $300 million of floating-rate capital trust pass-through securities issued by CoreStates Capital III.

The securities will be redeemed at 100% of the principal amount, plus any accumulated and unpaid distributions up to, but excluding, the redemption date.

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