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Customers Bancorp closes preferred stock offering

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Customers Bancorp closes preferred stock offering

As expected,Wyomissing, Pa.-based Customers BancorpInc. closed its public offeringof 2.3 million shares of fixed-to-floating rate noncumulative perpetual preferredstock, series E.

According to a Form 8-K filing, the preferred shares were pricedat $25.00 per share and have been registered under the Securities Act of 1933.

UBS Securities LLC and Morgan Stanley & Co. LLC served asjoint book-running managers for the offering.