Customers Bancorp Prices Stock Offering

11/4/16

WYOMISSING, Pa., Nov. 04, 2016 (GLOBE NEWSWIRE) -- Customers Bancorp, Inc. (NYSE:CUBI), the parent company for Customers Bank, today announced the pricing of its previously announced underwritten public offering of 2,100,000 shares of its common stock at a price to the public of $25.00 per share. FBR Capital Markets & Co. and Keefe, Bruyette & Woods, A Stifel Company are acting as the joint book-running managers for the offering. The Company has granted the underwriters a 30-day option to purchase up to an additional 315,000 shares of common stock, at the public offering price less the underwriting discount, solely to cover over-allotments, if any. The offering is expected to close on or about November 9, 2016, subject to customary closing conditions.

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