{"schema_version":"secwatch.filing_event.v1","accession":"0002039852-25-000199","form_type":"8-K","ticker":"CUBI","cik":"0001488813","company_name":"Customers Bancorp, Inc.","filed_at":"2025-12-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.513744+00:00","generated_at":"2026-05-16T12:54:42.906422+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Customers Bancorp closes $100M offering of 6.875% subordinated notes due 2036","bullets":["Offered $100M aggregate principal of 6.875% Fixed-to-Floating Subordinated Notes due 2036 at par.","Net proceeds estimated at ~$98M after underwriting discounts and expenses.","Proceeds for general corporate purposes, including possible partial redemption of Bank's 6.125% notes due 2029.","Underwriters: Keefe, Bruyette & Woods, Piper Sandler & Co., and Raymond James & Associates.","Notes are subordinated and not FDIC-insured; not deposits of the Bank."],"urls":{"canonical":"https://secwatch.observer/filing/0002039852-25-000199","json":"https://secwatch.observer/filing/0002039852-25-000199.json","markdown":"https://secwatch.observer/filing/0002039852-25-000199.md","text":"https://secwatch.observer/filing/0002039852-25-000199.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1488813/000203985225000199/0002039852-25-000199-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1488813/000203985225000199/cubi-20251215.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:54:42.906422+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"926628502a14947aedadb83efa3ed2fc7d785b18","claim":"Customers Bancorp, Inc. entered into Underwriting Agreement with Keefe, Bruyette & Woods, Inc., Piper Sandler & Co. and Raymond James & Associates, Inc., as representatives of the several underwriters valued at $100,000,000 (effective 2025-12-15).","evidence_excerpt":"On December 15, 2025, Customers Bancorp, Inc. (the “Company”) and Customers Bank (the “Bank”) completed an underwritten public offering of $100,000,000 in aggregate principal amount of its 6.875% Fixed-to-Floating Rate Subordinated Notes due 2036 (the “Notes”) pursuant to an Underwriting Agreement (the “Underwriting Agreement”), dated as of December 15, 2025, among the Company, the Bank and Keefe, Bruyette & Woods, Inc., Piper Sandler & Co. and Raymond James & Associates, Inc., as representatives of the several underwriters named therein (the “Underwriters”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1488813/000203985225000199/0002039852-25-000199-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Keefe, Bruyette & Woods, Inc., Piper Sandler & Co. and Raymond James & Associates, Inc., as representatives of the several underwriters"},{"label":"Value","value":"$100,000,000"},{"label":"Effective","value":"2025-12-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}