Customers Bancorp Inc Fixed (7%) to Floating Rate Non-Cumulative Perpetual Preferred Stock Series C

By: ,

Date Issued  5/13/2015

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

S&P Rating  NR   Moodys Rating   NR

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Security Ticker Symbol   CUBI-C    OTC Temp Ticker   CUBZP

Market Traded ON   NYSE      

Dividend Payment Paid on the 15th of March, June, September and December beginning on 9/15/2015

Quarterly Dividend   .4375   Annual Dividend   1.75

Securities may be redeemed, at the issuers option, as early as 6/15/2020 for a redemption price of $25/share plus accrued dividends

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On 6/15/2020 the dividend rate will change to a rate of 3 month libor, plus 5.30% (assuming that shares have not been redeemed).

Dividend Payment Will be a Qualified Distribution

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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