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

Rhea-AI Summary

Customers Bancorp, Inc. announced the declaration of quarterly cash dividends for its Series E and Series F Preferred Stock. Series E will have a dividend of $0.685584 per share, while Series F will have a dividend of $0.661434 per share. The dividends are payable on June 17, 2024, to shareholders of record on May 31, 2024. Customers Bancorp is a top-performing banking company with $22 billion in assets, offering tailored product experiences and national corporate banking services.

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 $0.685584 per share. The dividend is payable on June 17, 2024, to shareholders of record on May 31, 2024.

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 $0.661434 per share. The dividend is payable on June 17, 2024, to shareholders of record on May 31, 2024.

Institutional Background
Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation’s top-performing banking companies with nearly $22 billion in assets, making it one of the 80 largest bank holding companies in the U.S. Customers Bank’s commercial and consumer clients benefit from a full suite of technology-enabled tailored product experiences delivered by best-in-class customer service distinguished by a Single Point of Contact approach. In addition to traditional lines such as C&I lending, commercial real estate lending and multifamily lending, Customers Bank also provides a number of national corporate banking services to specialized lending clients. Major accolades include:

No. 5 on American Banker 2023 list of top-performing banks with $10B to $50B in assets
No. 29 out of the 100 largest publicly traded banks in 2024 Forbes Best Banks list
No. 52 on Investor’s Business Daily 100 Best Stocks for 2023

A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender. Learn more: www.customersbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240429171431/en/

David Patti, Communications Director 610-451-9452

Source: Customers Bancorp, Inc.

FAQ

What is the dividend amount for Customers Bancorp's Series E Preferred Stock?

Customers Bancorp's Series E Preferred Stock dividend amount is $0.685584 per share.

When will the dividends be payable for Customers Bancorp's Series F Preferred Stock?

The dividends for Customers Bancorp's Series F Preferred Stock will be payable on June 17, 2024.

What is the record date for the dividends?

The record date for the dividends is May 31, 2024.

What are the major accolades received by Customers Bancorp?

Customers Bancorp has been ranked No. 5 on American Banker's list of top-performing banks, No. 29 on Forbes Best Banks list, and No. 52 on Investor's Business Daily 100 Best Stocks for 2023.

What services does Customers Bancorp offer?

Customers Bancorp offers tailored product experiences and national corporate banking services in addition to traditional lending lines such as C&I lending and commercial real estate lending.

Is Customers Bancorp a member of the Federal Reserve System?

Yes, Customers Bancorp is a member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance