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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., May. 20, 2:22 AM

This Slide: #3 of 25

Slide #3. Customers Bancorp, Inc. — Secondary Offering

Company: Customers Bancorp, Inc. (NASDAQ:CUBI)
Date announced: 5/15/2013
Shares Offered: 5,373,134
Price Per Share: $16.75
Secondary Offering Details: Customers Bancorp, Inc. (Nasdaq: CUBI), parent company for Customers Bank, today announced the pricing of its previously announced underwritten public offering of 5,373,134 shares of its voting common stock at a price to the public of $16.75 per share. FBR Capital Markets & Co. is acting as the sole book-running manager for the offering and Sterne, Agee & Leach, Inc. and Boenning & Scattergood, Inc. are acting as co-managers for the offering. The $90 million offering represents an increase of $15 million from the planned $75 million offering previously announced by the Company. The shares of voting common stock are scheduled to begin trading on the Nasdaq Global Select Market on May 16, 2013 under the symbol "CUBI." Customers has granted the underwriters a 30-day option to purchase up to an additional 805,970 shares of voting common stock, solely to cover over-allotments, if any.

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  Customers Bancorp, Inc.: trading symbol CUBI
 

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May 20, 2013  •  2:22 AM Eastern
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