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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Friday, February 12, 8:59 AM

Slide #3. Customers Bancorp, Inc. Preferred Stock Offering

Company: Customers Bancorp, Inc. (NYSE:CUBI)
Date announced: 1/22/2016
Shares Offered: 1,000,000
Date of Pricing: 1/22/2016
Price Per Share: $25.00
Preferred Stock Offering Details: Customers Bancorp, Inc. (the "Company") (NYSE: CUBI), the parent company for Customers Bank, today announced the pricing of its public offering of 1,000,000 shares of the Company's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D (the "Series D Preferred Stock") at a price of $25.00 per share. Dividends on the Series D Preferred Stock will accrue and be payable quarterly in arrears, at a fixed rate per annum equal to 6.50% from the original issue date to, but excluding, March 15, 2021, and thereafter at a floating rate per annum equal to three-month LIBOR on the related dividend determination date plus a spread of 5.09% per annum.

Customers Bancorp is a bank holding company. Through its subsidiary, Customers Bank (the Bank), Co. provides financial products and services to small businesses, not-for-profits, and consumers. Co. provides a range of loan and deposit banking products and financial services and non-traditional products and services to its commercial and consumer customers. The Bank also provides a range of deposit products to its customers, including checking accounts, savings accounts, money market deposit accounts and other deposit accounts. At Dec 31 2014, Co. had total assets of $6.83 billion and total deposits of $4.53 billion.

Preferred: CUBI.PRC


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Name:  Customers Bancorp Inc
Website:  www.customersbank.com
Sector:  Banking & Savings
Number of ETFs Holding CUBI:  22 (see which ones)
Total Market Value Held by ETFs:  $26,283,054
Total Market Capitalization:  $613,000,000
% of Market Cap. Held by ETFs:  4.29%
 

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