Customers Bancorp closes ~$172.5M equity offering; 2.5M shares at $68.50

Customers Bancorp, Inc.

Aggregate gross proceeds ~$172.5M from 2,518,248 shares (incl. full over-allotment) at $68.50/share.
Net proceeds ~$163.9M after underwriting discounts; offering closed on September 3, 2025.
Proceeds for general corporate purposes: debt reduction, share repurchases, preferred stock redemption, organic growth.
Underwriters: Morgan Stanley, KBW, Raymond James; directors and officers subject to 60-day lock-up.
Offering upsized from initial $150M target via full exercise of 30-day over-allotment option.

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