Welcome to our dedicated page for Customers Bancorp news (Ticker: CUBI), a resource for investors and traders seeking the latest updates and insights on Customers Bancorp stock.
Customers Bancorp Inc (CUBI) provides commercial banking solutions through its integrated digital platforms and personalized concierge services. This dedicated news hub aggregates all official press releases, financial disclosures, and strategic updates from the Pennsylvania-based institution.
Investors and stakeholders can efficiently track CUBI's developments across key areas including commercial lending initiatives, digital banking enhancements, and regulatory compliance updates. The curated collection features earnings announcements, leadership changes, product launches, and community impact reports.
Our repository serves as a reliable resource for monitoring the bank's performance in specialty lending sectors and its expansion within Northeastern markets. All content is sourced directly from company filings and authorized communications to ensure accuracy.
Bookmark this page for streamlined access to Customers Bancorp's latest financial developments and operational milestones. Regular updates provide essential insights for market analysis and investment research.
Customers Bancorp (NYSE:CUBI) held its annual shareholder meeting where all proposals were approved. Robert J. Buford, Rajeev V. Date, and Jay S. Sidhu were reelected as directors. Buford will continue on the Board’s Audit and Risk Committees, Date will chair the Regulatory Affairs Committee, and Sidhu will remain Chairman. Deloitte was ratified as the independent accounting firm for 2024. Shareholders supported proposals on executive compensation and an amendment to the 2019 Stock Incentive Plan, increasing the shares from 2,570,325 to 3,320,325. The company highlighted its performance as the top publicly traded bank stock in 2023.
Customers Bancorp announced a correction to the dividend amounts for its Series E and Series F preferred stocks. The new dividends are $0.700488 per share for Series E and $0.675813 per share for Series F, both payable on June 17, 2024. Shareholders of record by May 31, 2024, will receive these payments.
Customers Bancorp, with nearly $22 billion in assets, is one of the top 80 largest bank holding companies in the U.S. and offers a range of banking services. The bank has received multiple accolades, including ranking No. 5 on the American Banker list of top-performing banks with $10B to $50B in assets in 2023, No. 29 on Forbes' 2024 Best Banks list, and No. 52 on Investor’s Business Daily's 100 Best Stocks for 2023.
Customers Bank, a $22 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), has purchased a minority partnership interest in a fintech investment fund for $5 million, achieving a 70% discount on the original cost. This is the bank's sixth venture fund investment and aligns with its strategic focus on venture banking and early-stage companies. The bank's president and CEO, Sam Sidhu, highlighted the investment's role in strengthening the bank's position in the venture community and enhancing its client base. Earlier in June 2023, Customers Bank acquired a $631 million legacy Signature Bank loan portfolio from the FDIC, integrating around 30 experienced venture bankers.
Customers Bancorp, Inc. announced the declaration of quarterly cash dividends for its Series E and Series F Preferred Stock. Series E will have a dividend of $0.685584 per share, while Series F will have a dividend of $0.661434 per share. The dividends are payable on June 17, 2024, to shareholders of record on May 31, 2024. Customers Bancorp is a top-performing banking company with $22 billion in assets, offering tailored product experiences and national corporate banking services.
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