Customers Bancorp (NYSE: CUBB) details NYSE removal of Series F preferred
Rhea-AI Filing Summary
Customers Bancorp, Inc. is having its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F, removed from listing and registration on the New York Stock Exchange. This Form 25 filing under Section 12(b) of the Securities Exchange Act of 1934 means this preferred stock series will no longer trade on the exchange, which can reduce public market liquidity and ease of trading for holders of that security.
Positive
- None.
Negative
- Series F preferred delisting from NYSE removes exchange trading for Customers Bancorp’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F, which can negatively affect liquidity for that security.
Insights
Delisting of Customers Bancorp’s Series F preferred from NYSE reduces exchange trading access and may affect liquidity and pricing for this security.
The filing shows that the Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F of Customers Bancorp, Inc. is being removed from listing and registration on the New York Stock Exchange LLC via Form 25 under Section 12(b) of the Securities Exchange Act of 1934. The notification is certified on behalf of the exchange, indicating that exchange procedures for striking the class of securities from listing or withdrawing registration have been followed.
For investors in this preferred issue, losing NYSE listing typically means reduced visibility and potentially wider bid–ask spreads, because trading may shift away from a major exchange. The filing is limited to this specific class, described as Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F, so its impact is focused on holders of that instrument rather than the issuer’s entire capital structure as presented here.