Customers Bancorp, Inc. the parent company of Customers Bank, announced its intention to transfer the listing of its Voting Common Stock, $1 par value per share, and its 6.375% Senior Notes Due 2018, from the NASDAQ Global Select Market to the New York Stock Exchange. Customers’ Voting Common Stock and Senior Notes have been approved for listing on the NYSE and are expected to commence trading on the NYSE on December 30, 2014 under the ticker symbols “CUBI,” for the voting common stock, and “CUBS,” for the Senior Notes. Until the transfer is complete, Customers’ Voting Common Stock will continue to trade on NASDAQ under the ticker symbol “CUBI,” and the Senior Notes will continue to trade on NASDAQ under the ticker symbol “CUBIL.”
“Listing Customers’ shares on the NYSE represents an important milestone for us,” said Jay Sidhu, Chairman and CEO of Customers. “We now join the many prominent banks that trade on, and benefit from, NYSE's innovative and proven market model. We believe that listing on the NYSE will further raise the profile of our company and provide support and visibility for our current and future shareholders as we continue to deliver solid financial performance.”
Scott Cutler, NYSE, Executive Vice President and Head of Global Listings, commented, “We welcome Customers Bank to the NYSE community of leading listed companies and we look forward to partnering with the Company and its shareholders as they transition to our platform, which combines leading technology with the human participation of designated market makers.”
In recognition of the transfer, representatives from Customers will ring the NYSE Closing Bell at 4 pm on Wednesday, January 7, 2015.
Institutional Background: Customers Bancorp, Inc. is a bank holding company located in Wyomissing, Pennsylvania engaged in banking and related businesses through its bank subsidiary, Customers Bank. Customers Bank is a community-based, full-service bank with assets of approximately $6.5 billion. A member of the Federal Reserve System and deposits insured by the Federal Deposit Insurance Corporation (FDIC). Customers Bank provides a range of banking services to small and medium-sized businesses, professionals, individuals and families through offices in Pennsylvania, New York, Rhode Island, Massachusetts and New Jersey. Committed to fostering customer loyalty, Customers Bank uses a High Tech strategy that includes use of industry-leading technology to provide customers better access to their money, as well as a continually expanding portfolio of loans to small businesses, multi-family projects, mortgage companies and consumers.
