Customers Bancorp Prices 2.2M Shares at $68.50 Each

Customers Bancorp Inc. has priced 2,189,781 shares at $68.50 each. The bank holding company provides banking products, primarily loans and deposits, to businesses and consumers through its branches and offices. It offers specialty lending services, including fund finance, real estate specialty finance, technology and venture, healthcare, and financial institutions group.

Customers Bancorp Inc. (NYSE: CUBI) has priced 2,189,781 shares of its voting common stock at $68.50 each, according to a recent press release. The bank holding company, which operates through its wholly owned banking subsidiary, Customers Bank, aims to raise approximately $150 million through this offering.

The proceeds from the sale will be used for general corporate purposes, including refinancing, reducing or repaying indebtedness, repurchasing shares of voting common stock, and redeeming shares of Series F Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock. Additionally, the funds will be allocated to investments in Customers Bank and its subsidiaries as regulatory capital to fund growth, financing possible investments or acquisitions, expanding the company’s business, and making investments at the holding company level.

The underwritten public offering of 2,189,781 shares, with a par value of $1.00 per share, is being managed by Morgan Stanley, Keefe, Bruyette & Woods, A Stifel Company, and Raymond James & Associates, Inc. The company has also granted the underwriters a 30-day right to purchase up to an additional 328,467 shares of voting common stock at the public offering price, less underwriting discounts and commissions.

Customers Bancorp Inc. is one of the nation’s top-performing banking companies, with over $22 billion in assets. The company provides a full suite of technology-enabled tailored product experiences delivered by best-in-class customer service. It offers specialty lending services, including fund finance, real estate specialty finance, technology and venture, healthcare, and financial institutions group.

The offering is being made pursuant to a registration statement on Form S-3 (File No. 333-290008) that became effective on September 3, 2025. A preliminary prospectus supplement has been filed with the Securities and Exchange Commission (the “SEC”). Prospective investors should read the preliminary prospectus supplement and the accompanying prospectus and other documents the Company has filed with the SEC for more complete information about the Company and the offering.

The company expects to close the offering, subject to customary conditions, on or about September 5, 2025.

References:
[1] https://finance.yahoo.com/news/customers-bancorp-inc-announces-launch-204500050.html
[2] https://www.stocktitan.net/news/CUBI/customers-bancorp-inc-announces-pricing-of-voting-common-stock-a8lu4erqasvu.html