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

Rhea-AI Summary

Customers Bancorp, Inc. (NYSE: CUBI) declared a quarterly cash dividend of $0.53289158 per share for its Series E preferred stock and $0.50900408 for its Series F preferred stock. Both dividends are payable on December 15, 2022, to shareholders of record on November 30, 2022. Customers Bancorp, with assets exceeding $20 billion, is recognized as one of the top-performing banking companies in the US and is a pioneer in digital banking and Blockchain technology.

Positive

• Declared a stable dividend of $0.53289158 for Series E and $0.50900408 for Series F, providing income for shareholders.
• Recognized as a top-performing banking company with over $20 billion in assets.

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 $0.53289158 per share. The dividend is payable on December 15, 2022, to shareholders of record on November 30, 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 $0.50900408 per share. The dividend is payable on December 15, 2022, to shareholders of record on November 30, 2022.

Institutional Background
Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation’s top-performing banking companies with over $20 billion in assets, making it one of the 100 largest bank holding companies in the US. Through its primary subsidiary, Customers Bank, commercial and consumer clients benefit from a full suite of technology-enabled tailored product experience delivered by best-in-class customer service. A pioneer in Banking-as-a-Service and digital banking products, Customers Bank is one of the very few banks that provides a blockchain-based 24/7/365 digital payment solution. In addition to traditional lines such as C&I lending, commercial real estate lending, and multi-family lending, Customers Bank also provides a number of national corporate banking services for Lender Finance, Fund Finance, Financial Institutions, Technology and Venture, and Healthcare clients. Major accolades include:

• #3 top-performing bank with over $10 billion in assets at year-end 2021 per S&P Global S&P Global Market Intelligence,
• #6 in top-performing banks with assets between $10 billion and 50 billion in 2021 per American Banker, and
• #21 out of the 100 largest publicly traded banks in 2022 per Forbes.

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/20221027005850/en/

David Patti, Communications Director 610-451-9452

Source: Customers Bancorp, Inc.

FAQ

What is the dividend amount for Customers Bancorp's Series E and F preferred stock?

The dividend amount is $0.53289158 for Series E and $0.50900408 for Series F.

When will Customers Bancorp's dividends be paid?

The dividends will be paid on December 15, 2022.

What are the record dates for the dividends announced by Customers Bancorp?

The record date for the dividends is November 30, 2022.