Preferred Stock Channel
Customers Bancorp Inc | Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (CUBI.PRC)

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 », 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
Recent Market Price:$25.00
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.00 (0.00%)
Annualized Dividend:1.403012
Recent Ex-Date:11/27/2020
Current Yield:5.61%
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
Customers Bancorp is a bank holding company. Through its subsidiary, Customers Bank (the Bank), Co. provides a range of loan and deposit banking products and financial services and other products and services to its commercial and consumer customers. The Bank provides a range of lending products, including commercial mortgage warehouse loans, multi-family and commercial real estate loans, business banking, small business loans, equipment financing, residential mortgage loans and other consumer loans. The Bank also provides deposit products, such as commercial and consumer checking accounts, money market deposit accounts, savings accounts, time deposit accounts and cash management services.

Preferreds: CUBI.PRC, CUBI.PRD, CUBI.PRE, CUBI.PRF


Open the CUBI Information Page »
Name:  Customers Bancorp Inc
Website:  www.customersbank.com
Sector:  Banking & Savings
Number of ETFs Holding CUBI:  40 (see which ones)
Total Market Value Held by ETFs:  $91,938,947
Total Market Capitalization:  $549,000,000
% of Market Cap. Held by ETFs:  16.75%

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