Customers Bancorp 6.45% Fixed to Floating Non Cumulative Perpetual Preferred Stock, Series E

By: ,

Date Issued  4/20/2016

Shares Issued  2,000,000   Overallotment Shares  300,000

S&P Rating  NR   Moodys Rating   NR

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Security Ticker Symbol   CUBI-E   OTC Temp Ticker  CUBBP

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of March, June, September and December beginning on 6/15/2016

Quarterly Dividend   .403   Annual Dividend   1.6125

Dividend coupon will be fixed at 6.45% until 6/14/2021 and then will float at a rate of 3 month libor plus 5.14% recalculated quarterly.

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Securities may be redeemed, at the issuers option, as early as 6/15/2021 for a redemption price of $25/share plus accrued dividends

Dividend payments are LIKELY to be qualified distributions for preferential tax treament

Maturity Date   None

 

Company Investor Relations Page for Customer Bancorp Inc

Below you can find the offering Prospectus and Final Pricing Documents

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