other_material
confidence high
sentiment positive
materiality 0.55
Customers Bancorp to redeem all $85M Series F Preferred Stock on Dec 15, 2025
Customers Bancorp, Inc.
- Board declares $0.5726314/share Series F quarterly dividend; payable Dec 15, record Nov 30.
- Redemption of all 3.4M shares ($85M) at $25 each; current dividend rate 9.06%; redemption date Dec 15, 2025.
- CEO says redemption optimizes capital structure and improves profitability, following deposit transformation.
- After redemption, no Series F shares outstanding; dividends on those shares cease.
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