Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E, and Series F Preferred Stock

Rhea-AI Summary

Customers Bancorp, Inc. (NYSE: CUBI) has declared a quarterly cash dividend for its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock. Shareholders will receive $0.381161 per share for Series E and $0.357011 per share for Series F. Both dividends are payable on June 15, 2022, to those on record by May 31, 2022. Customers Bank, a subsidiary, manages approximately $19.2 billion in assets as of March 31, 2022.

Positive

• Quarterly cash dividend of $0.381161 for Series E preferred stock and $0.357011 for Series F preferred stock provides income for shareholders.
• The bank's asset base is approximately $19.2 billion, indicating financial stability.

Negative

• None.

WEST READING, Pa.--(BUSINESS WIRE)-- Customers Bancorp, Inc. (NYSE: CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.381161 per share. The dividend is payable on June 15, 2022, to shareholders of record on May 31, 2022.

The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE: CUBIPrF) of $0.357011 per share. The dividend is payable on June 15, 2022, to shareholders of record on May 31, 2022.

About Customers Bank

Customers Bancorp, Inc. (NYSE:CUBI) is a bank holding company which provides financial services through its subsidiary Customers Bank, a full-service super-community bank with assets of approximately $19.2 billion at March 31, 2022. A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender that provides a range of banking and lending services to small and medium-sized businesses, professionals, individuals, and families. Services and products are available wherever permitted by law through digital-first apps, online portals, and a network of offices and branches. Customers Bank provides blockchain-based digital payments via the Customers Bank Instant Token (CBIT) which allows clients to make real-time payments in US dollars, 24 hours a day, 7 days a week, 365 days a year. More at www.customersbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220429005522/en/

David Patti, Communications Director

610-451-9452

Source: Customers Bancorp, Inc.

FAQ

What is the dividend amount for Customers Bancorp, Inc. preferred stock?

Customers Bancorp has declared a dividend of $0.381161 for Series E and $0.357011 for Series F.

When will the dividends be paid for CUBI's preferred stock?

The dividends are payable on June 15, 2022, to shareholders of record on May 31, 2022.

What assets does Customers Bank manage?

Customers Bank manages approximately $19.2 billion in assets as of March 31, 2022.