Customers Bancorp plans to redeem series C, D preferreds via new notes

By Marisa Wong

Los Angeles, Aug. 3 – Customers Bancorp, Inc. plans to redeem all of its outstanding series C and series D fixed-to-floating-rate non-cumulative perpetual preferred stock using proceeds from an offering of new fixed-to-floating-rate senior notes due 2031, according to a 424B5 filing with the Securities and Exchange Commission.

The bank holding company is based in Wyomissing, Pa.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.