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Customers Bancorp Inc | Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (CUBI.PRC)
This preferred is marked as having been called.
Prospectus excerpt: We are offering 2,000,000 shares of our Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C, par value $1.00 per share, with a liquidation preference of $25.00 per share, which we refer to as the Series C Preferred Stock. Full Prospectus PDF », Secondary Prospectus PDF », CUBI Page »
Series: | C | Alternate symbology: | CUBI-C, CUBI-PC, CUBIprC | Redeemable?: | Yes | Call Date: | 6/15/2020 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | No | Shares Offered: | 2,000,000 | Overallotment: | 300,000 | Liquidation Preference: | $25.00 | Original Coupon: | 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. | Pay Period: | Quarterly | Pay Dates: | 15-Mar, 15-Jun, 15-Sep, 15-Dec | CDx3 Compliance Rating: |
Learn CUBI.PRC's Rating
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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 Information Page »
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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: |
$1,459,000,000 |
% of Market Cap. Held by ETFs: |
19.70% |
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