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[8-K] Customers Bancorp, Inc. Reports Material Event

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Customers Bancorp, Inc. announced it will redeem all 3,400,000 shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F, on December 15, 2025. After this redemption, no Series F Preferred Stock will remain outstanding.

This action retires the entire Series F class and simplifies the company’s capital stack by eliminating that preferred layer. The announcement was made via a press release attached as Exhibit 99.1.

Positive
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Insights

Full redemption of Series F preferred on Dec 15, 2025; neutral.

Customers Bancorp disclosed a complete redemption of its Series F preferred stock on December 15, 2025, covering 3,400,000 shares. This removes the Series F class from the capital structure once completed.

The filing does not state the redemption price, proceeds, or ongoing cost impact. Without those figures, the direct financial effect cannot be quantified here.

The key milestone is the December 15, 2025 redemption date. Subsequent disclosures may detail redemption economics and any impacts on regulatory capital or dividends.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K
 

CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the
Securities Exchange Act of 1934

Date of Report (date of earliest event reported): October 30, 2025

Capture.jpg

(Exact name of registrant as specified in its charter)
Customers Bancorp, Inc.
Pennsylvania001-3554227-2290659
(State or other jurisdiction of
incorporation)
(Commission File number)(IRS Employer
Identification No.)
701 Reading Avenue
West Reading PA 19611
(Address of principal executive offices, including zip code)
(610) 933-2000
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
 
 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instructions A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolsName of each exchange on which registered
Voting Common Stock, par value $1.00 per shareCUBINew York Stock Exchange
Fixed-to-Floating Rate Non-Cumulative Perpetual
Preferred Stock, Series F, par value $1.00 per share
CUBI/PFNew York Stock Exchange
5.375% Subordinated Notes due 2034CUBBNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐





Item 8.01    Other Events.

On October 30, 2025, Customers Bancorp, Inc. (the “Company”) issued a press release announcing that it will redeem on December 15, 2025 (the “Series F Redemption Date”) all 3,400,000 shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (the “Series F Preferred Stock”). After giving effect to the redemption on the Series F Redemption Date, no shares of the Series F Preferred Stock will remain outstanding.

A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

++++++++++++++++++++++++++++++


Item 9.01        Financial Statements and Exhibits.

(d) Exhibits.

ExhibitDescription
Exhibit 99.1
Press Release dated October 30, 2025.



SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

CUSTOMERS BANCORP, INC.
By: /s/ Andrew B. Sachs
Name: Andrew B. Sachs
Title: Executive Vice President - General Counsel and Corporate Secretary

Date: October 31, 2025




EXHIBIT INDEX

ExhibitDescription
Exhibit 99.1
Press Release dated October 30, 2025.


FAQ

What did Customers Bancorp (CUBB) announce in this 8-K?

The company will redeem all shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F.

How many Series F preferred shares will be redeemed by Customers Bancorp (CUBB)?

The redemption covers 3,400,000 shares of Series F Preferred Stock.

When is the Series F redemption date for Customers Bancorp (CUBB)?

The redemption is scheduled for December 15, 2025.

Will any Series F Preferred Stock remain after the redemption?

No. After the redemption, no shares of Series F Preferred Stock will remain outstanding.

Where can I find the official announcement details for Customers Bancorp (CUBB)?

A press release dated October 30, 2025 is attached as Exhibit 99.1.

Which securities are listed for Customers Bancorp (CUBB)?

Listed securities include Voting Common Stock (CUBI), Series F Preferred (CUBI/PF), and 5.375% Subordinated Notes due 2034 (CUBB).
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