Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock
November 09 2020 - 8:30AM
Business Wire
Customers Bancorp, Inc. announced that the Board of Directors
has declared a quarterly cash dividend on its Fixed-to-Floating
Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE:
CUBIPrC) of $0.350753 per share. The dividend is payable on
December 15, 2020 to shareholders of record on November 30,
2020.
The Board of Directors has also declared a quarterly cash
dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual
Preferred Stock, Series D (NYSE: CUBIPrD) of $0.40625 per share.
The dividend is payable on December 15, 2020 to shareholders of
record on November 30, 2020.
The Board of Directors has also declared a quarterly cash
dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual
Preferred Stock, Series E (NYSE: CUBIPrE) of $0.403125 per share.
The dividend is payable on December 15, 2020 to shareholders of
record on November 30, 2020.
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 $0.375 per share. The
dividend is payable on December 15, 2020 to shareholders of record
on November 30, 2020.
Institutional Background
Customers Bancorp, Inc. is a bank holding company located in
West Reading, Pennsylvania engaged in banking and related
businesses through its bank subsidiary, Customers Bank a
full-service bank with $18.8 billion in assets at September 30,
2020. A member of the Federal Reserve System with deposits insured
by the Federal Deposit Insurance Corporation, Customers Bank is an
equal opportunity lender that provides a range of banking and
lending services to small and medium-sized businesses,
professionals, individuals and families. Services and products are
available wherever permitted by law through mobile-first apps,
online portals, and a network of offices and branches. Customers
Bancorp, Inc.’s voting common shares are listed on the New York
Stock Exchange under the symbol CUBI.
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version on businesswire.com: https://www.businesswire.com/news/home/20201109005102/en/
Jay Sidhu, Chairman & CEO 610-935-8693 Carla
Leibold, CFO 484-923-8802
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