Customers Bancorp Inc Fixed (7%) to Floating Rate Non-Cumulative Perpetual Preferred Stock Series C
By: Tim McPartland,
Date Issued 5/13/2015
Shares Issued 2,000,000 Overallotment Shares 300,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol CUBI-C OTC Temp Ticker CUBZP
Market Traded ON NYSE
Dividend Payment Paid on the 15th of March, June, September and December beginning on 9/15/2015
Quarterly Dividend .4375 Annual Dividend 1.75
Securities may be redeemed, at the issuers option, as early as 6/15/2020 for a redemption price of $25/share plus accrued dividends
On 6/15/2020 the dividend rate will change to a rate of 3 month libor, plus 5.30% (assuming that shares have not been redeemed).
Dividend Payment Will be a Qualified Distribution
Maturity Date None
Company Investor Relations Page for Customer Bancorp Inc
Below you can find the offering Prospectus and Final Pricing Documents
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