Customers Bancorp prices $172.5 million common stock offering at $68.50 a share
Customers Bancorp sold 2,189,781 shares of voting common stock at $68.50 per share on September 3, 2025, and the underwriters exercised their option in full for 328,467 more shares. The offering closed September 3, 2025, with aggregate gross proceeds of about $172.5 million and net proceeds of about $163.9 million, which increases the number of shares outstanding for existing shareholders.
Key points
- Base offering of 2,189,781 shares at $68.50 per share under an underwriting agreement dated September 3, 2025
- Underwriters' 328,467-share option exercised in full; aggregate gross proceeds about $172.5 million and net proceeds about $163.9 million before transaction expenses
- Directors and certain officers agreed to a 60-day lock-up on sales of the company's securities, subject to exceptions
- Company intends to use proceeds for general corporate purposes, which may include repurchasing shares or redeeming Series F preferred stock
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 05, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.