Customers Bancorp, Inc 6% Fixed-to-Floating Rate Non Cumulative Perpetual Preferred Stock, Series F

By: ,

Date Issued  9/9/2016

Shares Issued  3,000,000   Overallotment Shares  450,000

S&P Rating  NR   Moodys Rating   NR

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Security Ticker Symbol   CUBI-F   OTC Temp Ticker  CTMRP

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of March, June, September and December beginning on 12/15/2016

Quarterly Dividend   .375   Annual Dividend   1.50

Dividend coupon will be fixed at 6.00% until 12/14/2021 and then will float at a rate of 3 month libor plus 4.762% recalculated quarterly.

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Securities may be redeemed, at the issuers option, as early as 12/15/2021 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

Click Here to find the offering Prospectus and/or Final Pricing Documents

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