Customers Bancorp 6.45% Fixed to Floating Non Cumulative Perpetual Preferred Stock, Series E
By: Tim McPartland,
Date Issued  4/20/2016
Shares Issued  2,000,000  Overallotment Shares  300,000
S&P Rating  NR  Moodys Rating   NR
Security Ticker Symbol   CUBI-E  OTC Temp Ticker  CUBBP
Market Traded ONÂ Â Â 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.
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
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Company Investor Relations Page for Customer Bancorp Inc
Below you can find the offering Prospectus and Final Pricing Documents
