Company Description
Customers Bancorp, Inc. 5.375% Subordinated Notes Due 2034 (CUBB) are a class of subordinated debt securities issued by Customers Bancorp, Inc., a Pennsylvania corporation. Customers Bancorp, Inc. is identified in SEC filings as a registrant incorporated in Pennsylvania with securities listed on the New York Stock Exchange and operates in the state commercial banking sector through its subsidiaries, including Customers Bank.
The CUBB notes are referenced in the company’s SEC filings as 5.375% Subordinated Notes due 2034 and are listed on the New York Stock Exchange under the trading symbol CUBB. As subordinated notes, they are obligations of Customers Bancorp, Inc. and are positioned below the company’s senior indebtedness in the capital structure, as indicated by the company’s description of its other subordinated notes in related indenture filings. The notes are part of the company’s broader subordinated debt capital, which also includes other fixed-to-floating rate subordinated notes issued under indentures with Wilmington Trust, National Association as trustee.
According to SEC disclosures, Customers Bancorp, Inc. has multiple classes of securities registered under Section 12(b) of the Securities Exchange Act of 1934, including its voting common stock (trading symbol CUBI), a series of preferred stock (CUBI/PF), and the 5.375% Subordinated Notes due 2034 (CUBB). These securities are listed on the New York Stock Exchange. The company’s principal executive offices are located in Pennsylvania.
In addition to the CUBB notes, Customers Bancorp, Inc. has issued other subordinated debt instruments, such as 6.125% Fixed-to-Floating Rate Subordinated Notes due 2029 and 6.875% Fixed-to-Floating Rate Subordinated Notes due 2036, as disclosed in its Form 8‑K filings. These filings describe how such subordinated notes rank junior to the company’s existing and future senior indebtedness and are structurally subordinated to the liabilities and obligations of its subsidiaries, including Customers Bank’s depositors and general creditors. This context helps illustrate the typical ranking and risk profile associated with subordinated notes like CUBB within the issuer’s capital structure.
Customers Bancorp, Inc. also has a history of issuing and redeeming preferred stock. An 8‑K filing reports that the company’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (trading as CUBI/PF), is listed on the New York Stock Exchange and that the company announced the redemption of all outstanding shares of this series. A separate Form 25 filing by the New York Stock Exchange relates to the removal from listing and/or registration of this Series F preferred stock, not the CUBB subordinated notes. This indicates that while certain preferred securities have been redeemed and delisted, the CUBB subordinated notes remain a distinct listed class of securities.
Through various 8‑K filings, Customers Bancorp, Inc. discloses board appointments, executive employment agreements, and the issuance of additional subordinated notes, demonstrating ongoing corporate governance and capital markets activity. These filings reference the company’s common stock, preferred stock, and subordinated debt, including the 5.375% Subordinated Notes due 2034, as securities registered and traded on the New York Stock Exchange.
Security characteristics and capital structure context
The CUBB notes are part of Customers Bancorp, Inc.’s subordinated debt layer. Based on the company’s description of its other subordinated notes in the December 22, 2025 Form 8‑K, subordinated notes issued by the company:
- Are subordinated obligations of Customers Bancorp, Inc. and rank junior to all existing and future senior indebtedness.
- Are effectively subordinated to secured indebtedness to the extent of the value of the collateral securing such indebtedness.
- Are structurally subordinated to the liabilities and obligations of the company’s subsidiaries, including depositors and general creditors of Customers Bank and other depository institution subsidiaries.
While the December 22, 2025 Form 8‑K specifically describes 6.875% Fixed-to-Floating Rate Subordinated Notes due 2036, it provides a clear illustration of how the issuer characterizes its subordinated notes and their ranking in the capital structure. Investors researching CUBB can use these disclosures to understand the general nature of the issuer’s subordinated debt obligations.
Listing and regulatory disclosure
In an 8‑K dated October 23, 2025, Customers Bancorp, Inc. lists its securities registered pursuant to Section 12(b) of the Exchange Act, including:
- Voting Common Stock, par value $1.00 per share (CUBI) – New York Stock Exchange.
- Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (CUBI/PF) – New York Stock Exchange.
- 5.375% Subordinated Notes due 2034 (CUBB) – New York Stock Exchange.
This filing confirms that CUBB is a listed security on the New York Stock Exchange and that it is formally registered under the Exchange Act. The company regularly files current reports on Form 8‑K to disclose material events, including capital markets transactions, redemptions of preferred stock, and changes in its board of directors and executive leadership.
Relationship to other Customers Bancorp, Inc. securities
The CUBB notes coexist with other securities of Customers Bancorp, Inc., such as common stock, preferred stock, and additional subordinated notes. For example, the company has:
- Redeemed all outstanding shares of its Series F preferred stock, as disclosed in an 8‑K reporting the planned redemption date and confirming that no Series F shares will remain outstanding after that date.
- Issued 6.875% Fixed-to-Floating Rate Subordinated Notes due 2036 under a second supplemental indenture with Wilmington Trust, National Association, as trustee, as described in the December 22, 2025 Form 8‑K.
These actions show how Customers Bancorp, Inc. actively manages its capital structure through the issuance and redemption of various classes of securities, including subordinated notes and preferred stock. The 5.375% Subordinated Notes due 2034 (CUBB) represent one such long-term subordinated debt instrument within this structure.
FAQs about Customers Bancorp, Inc. 5.375% Subordinated Notes Due 2034 (CUBB)
- What is CUBB?
CUBB is the New York Stock Exchange trading symbol for Customers Bancorp, Inc.’s 5.375% Subordinated Notes due 2034, a class of subordinated debt securities registered under the Securities Exchange Act of 1934.
- Who is the issuer of the CUBB notes?
The issuer is Customers Bancorp, Inc., a Pennsylvania corporation identified in SEC filings as a registrant with securities listed on the New York Stock Exchange, including common stock, preferred stock, and subordinated notes.
- On which exchange are the CUBB notes listed?
According to an 8‑K dated October 23, 2025, the 5.375% Subordinated Notes due 2034 trade on the New York Stock Exchange under the symbol CUBB.
- How do the CUBB notes fit into Customers Bancorp, Inc.’s capital structure?
SEC filings describing the company’s other subordinated notes indicate that subordinated notes issued by Customers Bancorp, Inc. are subordinated obligations that rank junior to senior indebtedness and are structurally subordinated to the liabilities of the company’s subsidiaries. CUBB is part of this subordinated debt layer.
- Are the CUBB notes obligations of Customers Bank or Customers Bancorp, Inc.?
Form 8‑K disclosures for the company’s subordinated notes state that such notes are obligations of Customers Bancorp, Inc. only and are not obligations of, and are not guaranteed by, its subsidiaries, including Customers Bank. This context applies to the subordinated notes issued by the holding company, including the 5.375% Subordinated Notes due 2034.
- What other subordinated notes has Customers Bancorp, Inc. issued?
SEC filings reference 6.125% Fixed-to-Floating Rate Subordinated Notes due 2029 and 6.875% Fixed-to-Floating Rate Subordinated Notes due 2036. These instruments, like CUBB, are subordinated obligations of Customers Bancorp, Inc.
- Does the Form 25 filing affect the CUBB notes?
The Form 25 filing provided relates to the Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F of Customers Bancorp, Inc. It addresses the removal from listing and/or registration of that preferred stock class, not the 5.375% Subordinated Notes due 2034 (CUBB).
- Where can investors find official information about CUBB?
Investors can review Customers Bancorp, Inc.’s SEC filings, including Forms 8‑K that list the company’s registered securities and describe its subordinated notes and other capital markets activities, for official information about the 5.375% Subordinated Notes due 2034.
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