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Vanguard Amendment: Disaggregated reporting for Customers Bancorp (CUBB)

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Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Customers Bancorp Inc: The Vanguard Group filed Amendment No. 7 to its Schedule 13G/A stating it beneficially owns 0 shares of Common Stock as reported in the filing dated 03/13/2026. The filing explains that an internal realignment at The Vanguard Group led certain subsidiaries or business divisions to report beneficial ownership separately in reliance on SEC Release No. 34-39538.

The amendment is signed by Ashley Grim as Head of Global Fund Administration on 03/26/2026 and reiterates that no single third party holds more than 5% of the class according to the disclosure.

Positive

  • None.

Negative

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Insights

Administrative disaggregation; no beneficial ownership reported.

The amendment explicitly states Amount beneficially owned: 0 and cites internal reorganization and SEC Release No. 34-39538 as the reason for separate reporting by subsidiaries. This is a procedural restatement of holdings tied to organizational structure rather than a market transaction.

Key dependencies are the internal allocation of reporting responsibilities and the continued reliance on the cited SEC release; subsequent filings from the named Vanguard entities will show where holdings are reported.

Disclosure clarifies that Vanguard reports on a disaggregated basis; no overhang shown here.

The filing notes that certain Vanguard subsidiaries "will report beneficial ownership separately" and that The Vanguard Group "no longer has, or is deemed to have, beneficial ownership" of those securities. The stated percent of class is 0 %, which removes The Vanguard Group from the issuer's shareholder statistics in this amendment.

For investor context, investors should look to subsequent filings by the disaggregated Vanguard entities for any material holdings; timing and amounts for those entities are not included in this excerpt.






Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G




Comment for Type of Reporting Person: On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release. These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment. Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.


SCHEDULE 13G



The Vanguard Group
Signature:Ashley Grim
Name/Title:Head of Global Fund Administration
Date:03/26/2026

FAQ

What does The Vanguard Group report for CUBB in this Schedule 13G/A amendment?

The Vanguard Group reports beneficial ownership of 0 shares for Customers Bancorp Inc. The amendment explains an internal realignment causing certain subsidiaries to report holdings separately under SEC Release No. 34-39538; the filing is signed on 03/26/2026.

Does this filing mean a change in Vanguard's ownership of CUBB?

Yes, it reflects a reporting change: The Vanguard Group reports 0 shares due to disaggregation after internal realignment. The filing states subsidiaries will report beneficial ownership separately in reliance on SEC Release No. 34-39538.

Is any single third party reported as owning more than 5% of CUBB here?

No; the filing states that "No one other person's interest in the securities reported herein is more than 5%." This disclosure appears in the amendment's ownership section.

Who signed the Schedule 13G/A amendment for Vanguard and when?

The amendment is signed by Ashley Grim, Head of Global Fund Administration, with the signature date shown as 03/26/2026. The cover date in the filing header is 03/13/2026.

Will Vanguard still report holdings of CUBB elsewhere after this amendment?

Yes; the filing states certain subsidiaries or business divisions "will report beneficial ownership separately" under SEC Release No. 34-39538. Those separate filings would show any holdings; they are not included in this amendment.
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