Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock
May 01 2023 - 8:00AM
Business Wire
Customers Bancorp, Inc. (NYSE:CUBI) announced that the Board of
Directors has declared a quarterly cash dividend on its
Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock,
Series E (NYSE: CUBIPrE) of $0.63929075 per share. The dividend is
payable on June 15, 2023, to shareholders of record on May 31,
2023.
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 $0.61514075 per share.
The dividend is payable on June 15, 2023, to shareholders of record
on May 31, 2023.
Institutional Background
Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation’s
top-performing banking companies with over $21 billion in assets,
making it one of the 100 largest bank holding companies in the US.
Through its primary subsidiary, Customers Bank, commercial and
consumer clients benefit from a full suite of technology-enabled
tailored product experience delivered by best-in-class customer
service. A pioneer in Banking-as-a-Service and digital banking
products, Customers Bank is one of the very few banks that provides
a blockchain-based 24/7/365 digital payment solution. In addition
to traditional lines such as C&I lending, commercial real
estate lending, and multifamily lending, Customers Bank also
provides a number of national corporate banking services to
Specialty Lending clients. Major accolades include:
- #34 out of the 100 largest publicly traded banks in 2023 per
Forbes;
- #64 on Fortune Magazine’s 2022 list of the 100 fastest growing
companies in America;
- #6 in top-performing banks with assets between $10 billion and
$50 billion in 2021 per American Banker; and
- #3 top-performing bank with over $10 billion in assets at
year-end 2021 per S&P Global S&P Global Market
Intelligence.
A member of the Federal Reserve System with deposits insured by
the Federal Deposit Insurance Corporation, Customers Bank is an
equal opportunity lender. Learn more: www.customersbank.com.
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David Patti, Communications Director 610-451-9452
Customers Bancorp (NYSE:CUBI)
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