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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Feb. 13, 2:17 PM

Slide #16. Customers Bancorp, Inc. Secondary 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
Secondary 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.

CUBI SEC Filing Email Alerts Service

Preferred: CUBI.PRC


Open the CUBI Page at The Online Investor »

Company Name:  Customers Bancorp Inc
Stock buyback:  CUBI buyback
Website:  www.customersbank.com
Sector:  Banking & Savings
Number of ETFs Holding CUBI:  22
Total Market Value Held by ETFs:  $19.88M
Total Market Capitalization:  $612.00M
% of Market Cap. Held by ETFs:  3.25%
 

Open the CUBI Page at The Online Investor (in a new window) »

February 13, 2016    2:17 PM Eastern
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Strong Buy (3.50 out of 4)
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