Customers Bancorp, Inc. announced on September 3, 2025, the launch of an underwritten public offering of $150,000,000 of its voting common stock. The company also intends to grant the underwriters a 30-day right to purchase additional shares of its common stock.
The net proceeds from this offering are intended for general corporate purposes, including supporting organic growth initiatives. These may encompass refinancing or repaying indebtedness, repurchasing shares of voting common stock, and redeeming Series F Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock.
Additionally, the funds may be used for investments in Customers Bank and other subsidiaries as regulatory capital to fund growth, as well as financing potential investments or acquisitions. This equity raise aims to strengthen the company's capital base and provide flexibility for strategic expansion.
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