Customers Bancorp Announces $150M Voting Common Stock Offering to Support Organic Growth

Customers Bancorp has launched a $150 million underwritten public offering of voting common stock, with proceeds to be used for general corporate purposes such as refinancing debt, repurchasing shares, and financing growth. Morgan Stanley, Keefe, Bruyette & Woods, and Raymond James & Associates are serving as joint book-running managers. The company intends to use the net proceeds for organic growth, including investments in its banking subsidiary and possible acquisitions.

Customers Bancorp, Inc. (NYSE: CUBI), a leading banking company with over $22 billion in assets, has announced the launch of a $150 million underwritten public offering of its voting common stock. The offering, which is priced at $1.00 per share, aims to raise funds for various corporate purposes, including refinancing debt, repurchasing shares, and financing growth [1].

The company has appointed Morgan Stanley, Keefe, Bruyette & Woods, A Stifel Company, and Raymond James & Associates, Inc. as joint book-running managers for the offering. The underwriters have been granted a 30-day right to purchase additional shares of the voting common stock, potentially adding up to an additional $22.5 million in shares [2].

Customers Bancorp intends to use the net proceeds of the offering for general corporate purposes, which may include refinancing, reducing or repaying indebtedness, repurchasing shares of voting common stock, redeeming shares of Series F Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, and investments in its banking subsidiary and other subsidiaries to fund growth. The company may also use the funds for financing possible investments or acquisitions, expansion of its business, and investments at the holding company level [1].

The offering is being made pursuant to a registration statement on Form S-3, which became effective on September 3, 2025. Prospective investors are encouraged to review the preliminary prospectus supplement and the accompanying prospectus, which have been filed with the Securities and Exchange Commission (SEC). Copies of these documents can be obtained by visiting the SEC's website at www.sec.gov or by contacting the underwriters [1].

The company's forward-looking statements should be carefully considered, as they are subject to various risks and uncertainties, including those identified in the "Risk Factors" section of the prospectus supplement. Investors should also be aware that the common stock is not a savings account or deposit and is not insured or guaranteed by any government agency or public or private insurer [2].

This offering is not an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction where such an offer or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

References:
[1] https://www.stocktitan.net/news/CUBI/customers-bancorp-inc-announces-launch-of-voting-common-stock-27u8czkfssin.html
[2] https://www.stocktitan.net/sec-filings/CUBI/424b5-customers-bancorp-inc-prospectus-supplement-debt-securities-26399b10d1a8.html