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Buy (3.44 out of 4)
100th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thursday, April 18, 10:29 AM
Slide #373. Customers Bancorp, Inc. — Preferred Stock Offering
| Company: |
Customers Bancorp, Inc. (NYSE:CUBI) |
| Date announced: |
5/11/2015 |
| Shares Offered: |
2,000,000 |
| 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 2,000,000 shares of the Company's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (the "Series C Preferred Stock") at a price of $25.00 per share. The underwriters have been granted a 30-day option to purchase up to an additional 300,000 shares of Series C Preferred Stock from the Company at the public offering price less the underwriting discount. Dividends on the Series C Preferred Stock will accrue and be payable quarterly in arrears, at a fixed rate per annum equal to 7.00% from the original issue date to, but excluding, June 15, 2020, and thereafter at a floating rate per annum equal to three-month LIBOR on the related dividend determination date plus a spread of 5.30% per annum. |
Customers Bancorp is a bank holding company. Through its subsidiary, Customers Bank, Co. has various branches and provides commercial banking products, primarily loans and deposits. Co. provides a range of conventional loan and deposit banking products and financial services, and non-conventional products and services such as Customers Bank Instant Token™, to its commercial and consumer customers. Co. provides an array of lending products to cater to its customers' needs, including specialty loans, commercial mortgage warehouse loans, multifamily and commercial real estate loans, business banking, small business loans, equipment financing, residential mortgage loans and installment loans. Preferreds: CUBI.PRC, CUBI.PRD, CUBI.PRE, CUBI.PRF
 Open the CUBI Page at Preferred Stock Channel »
| Name: |
Customers Bancorp Inc |
| Website: |
www.customersbank.com |
| Sector: |
Banking & Savings |
| Number of ETFs Holding CUBI: |
52 (see which ones) |
| Total Market Value Held by ETFs: |
$287,353,076.5 |
| Total Market Capitalization: |
$1,468,000,000 |
| % of Market Cap. Held by ETFs: |
19.57% |
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