Customers Bancorp to redeem all $57.5M Series E preferred stock at $25/share on June 16, 2025

Customers Bancorp, Inc.

All 2,300,000 shares of Series E Preferred Stock (CUBIPrE, 9.70% dividend) to be redeemed on June 16, 2025 at $25 per share.
Redemption expected to be accretive to EPS by $0.12 annualized; book value per share was $54.85 as of March 31, 2025.
Holders of record on May 31, 2025 will receive regular quarterly dividend of $0.61304235 per share on redemption date.
President Sam Sidhu cited strong capital position and robust liquidity as enabling the optimization of capital structure.
No shares of Series E Preferred Stock will remain outstanding after the redemption.

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