Customers Bancorp Announces Redemption of Series F Preferred Stock

Customers Bancorp, Inc. (NYSE: CUBI) has announced the redemption of all 3,400,000 shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE: CUBIPrF). The redemption is scheduled for December 15, 2025, and will result in the complete elimination of the Series F Preferred Stock from the company's capital structure. The redemption price is set at $25 per share, and shareholders will also receive a quarterly cash dividend of $0.5726314 per share on the same date. This move is part of the company's strategy to optimize its funding and capital structure, enhance profitability, and deliver shareholder value.