trending Market Intelligence /marketintelligence/en/news-insights/trending/Q74iO2Q1dv_6ckMVAA_jrQ2 content esgSubNav
In This List

Customers Bancorp closes preferred stock offering

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A


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.