Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series F Preferred Stock and Announces Full Redemption of Series F Preferred Stock

Core Points - Customers Bancorp, Inc. has declared a quarterly cash dividend of $0.5726314 per share on its Series F Preferred Stock, payable on December 15, 2025, to shareholders of record on November 30, 2025 [1] - The company is redeeming all 3,400,000 shares of its Series F Preferred Stock, totaling $85.0 million, which had a declared dividend rate of 9.06% [2][3] - The redemption date coincides with the dividend payment date, and the cash redemption price will be $25 per share, excluding declared and unpaid dividends [3] - This redemption aligns with the company's strategy to enhance funding efficiency and capital structure, aiming to optimize capitalization and improve long-term profitability [4] - Following the redemption, no shares of the Series F Preferred Stock will remain outstanding, and dividends will cease to accrue on these securities [5] Company Overview - Customers Bancorp, Inc. is a top-performing banking company with over $24 billion in assets, ranking among the 80 largest bank holding companies in the U.S. [7] - The company offers a full suite of technology-enabled products and services, including commercial and consumer banking, and has received multiple accolades for its performance [11]