Customers announced senior notes offering

Customers Bancorp Inc., the parent company of Customers Bank, began an underwritten public offering of $25 million non-callable five-year senior notes, with interest payable quarterly, the bank announced Monday. More

To continue reading this article, please do one of the following.



banking

Customers announced senior notes offering

CUSTOMERS BANCORP INC. began a $25 million senior notes public offering, the bank announced Monday.
Posted 7/22/13

WYOMISSING, Pa. – Customers Bancorp Inc., the parent company of Customers Bank, began an underwritten public offering of $25 million non-callable five-year senior notes, with interest payable quarterly, the bank announced Monday.

Customers plans to use the net proceeds from the offering to invest in the bank, fund organic growth and use for working capital. Customers may also use some of the net proceeds to pursue acquisitions or investments in its current and prospective markets.

The interest rate and other terms of the senior notes will be determined at the time of pricing. The offering is subject to market conditions.

Customers Bancorp recently announced a collaboration with Religare Enterprises Ltd., one of India’s leading diversified financial services companies. In its June 27 announcement, the bank said it plans to invest $51 million in Religare.

Customers Bank moved into the Rhode Island market with the March 29 acquisition of the regional business of Flagstar Bank. Customers Bank has regional headquarters in Providence and a second regional office in Boston.

Calendar
PBN Hosted
Events

Please join PBN on September 10th for the 3rd Annual Fastest Growing & Innovative Companies program at Rosecliff Mansion in Newport. Seating is limited so be sure to register early.
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement