Customers Bancorp, Inc. Form 8-K Filing Summary

Customers Bancorp, Inc. has filed a Form 8-K detailing a material definitive agreement. On December 22, 2025, the Company entered into a Second Supplemental Indenture with Wilmington Trust, National Association, as Trustee. This indenture relates to the issuance of $100,000,000 in aggregate principal amount of 6.875% Fixed-to-Floating Rate Subordinated Notes due 2036. These notes are subordinated obligations of the Company, ranking junior to existing and future senior indebtedness. They will also be effectively subordinated to secured indebtedness and structurally subordinated to the liabilities of the Company's subsidiaries, including Customers Bank. The notes will accrue interest at a fixed rate of 6.875% per annum until January 15, 2031, after which it will transition to a floating rate based on a benchmark rate plus 342 basis points. The notes are redeemable at the Company's option starting January 15, 2031. The indenture includes covenants that limit the Company's and its material subsidiaries' ability to dispose of equity securities or incur secured debt. The filing also incorporates by reference the Base Indenture, the Second Supplemental Indenture, the form of the Note, and an opinion from legal counsel.