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 of $0.33215 per share on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E, payable on December 15, 2021, to shareholders of record on November 30, 2021. Additionally, a dividend of $0.375 per share has been announced for Series F, also payable on December 15, 2021. Customers Bank, a subsidiary, has assets of approximately $19.1 billion as of September 30, 2021.

Positive

• Quarterly cash dividend of $0.33215 per share for Series E and $0.375 for Series F.
• Dividends are payable on December 15, 2021, providing income for shareholders.

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 $0.33215 per share. The dividend is payable on December 15, 2021 to shareholders of record on November 30, 2021.

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 $0.375 per share. The dividend is payable on December 15, 2021 to shareholders of record on November 30, 2021.

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 $19.1 billion at September 30, 2021. 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/20211117006073/en/

Jay Sidhu, Chairman & CEO 610-935-8693

Carla Leibold, CFO 484-923-8802

Source: Customers Bancorp, Inc.

FAQ

What is the dividend amount for Customers Bancorp, Inc. on Series E and Series F?

The dividend amounts are $0.33215 per share for Series E and $0.375 per share for Series F.

When will the dividends for Customers Bancorp, Inc. be paid?

The dividends will be paid on December 15, 2021.

What is the record date for the dividends declared by Customers Bancorp, Inc.?

The record date for the dividends is November 30, 2021.

How much are the total assets of Customers Bank as of September 30, 2021?

Customers Bank has total assets of approximately $19.1 billion as of September 30, 2021.