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AI brief of an SEC Form 8-K · Customers Bancorp (CUBI)

Customers Bancorp completes $100 million subordinated notes offering due 2036

Neutral Impact 3 of 5 financing Written later

Customers Bancorp and Customers Bank completed an underwritten public offering of $100 million in 6.875% fixed-to-floating rate subordinated notes due 2036, priced at 100% of principal, on December 15, 2025. The company estimates net proceeds of about $98 million, which it plans to use for general corporate purposes, including a possible partial redemption of the Bank's 6.125% notes due 2029 on March 26, 2026.

Key points

  • Offering size: $100 million principal amount of 6.875% Fixed-to-Floating Rate Subordinated Notes due 2036, sold at 100.00% of principal
  • Estimated net proceeds: approximately $98 million after discounts, commissions and offering expenses
  • Possible use: partial redemption of the Bank's 6.125% Fixed-to-Floating Rate Subordinated Notes due 2029 on March 26, 2026, along with other general corporate purposes
  • Underwriters: Keefe, Bruyette & Woods, Piper Sandler & Co. and Raymond James & Associates; the Notes are not FDIC-insured

The filing

CompanyCustomers Bancorp (CUBI)
Form8-K, current report
Filed with the SECDec 17, 2025, 4:46 PM ET
Accession number0002039852-25-000199

Items reported: 1.01 Material Definitive Agreement

Read the filing on SEC.gov ↗

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 December 17, 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.