Customers Bancorp, Inc. Declares Quarterly Cash Dividend
Customers Bancorp, Inc. (NYSE:CUBI) has officially announced the declaration of a quarterly cash dividend, demonstrating its ongoing commitment to providing value to its shareholders. This dividend pertains to the company’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE:CUBIPrE), with a declared amount of $0.65395191 per share. Shareholders who are on record as of the noted cutoff date will receive this dividend, underscoring the bank's strong financial positioning.
Details of the Dividend Declaration
In conjunction with the announcement for Series E, the Board of Directors has also declared a cash dividend for its Series F preferred stock (NYSE:CUBIPrF), amounting to $0.63006441 per share. This dividend will similarly be payable to shareholders of record, reaffirming the bank's prioritization of shareholder returns as part of its operational strategy.
About Customers Bancorp, Inc.
Customers Bancorp, Inc. (NYSE:CUBI) stands as one of the leading banking companies in the nation, boasting nearly $21 billion in assets. As one of the 80 largest bank holding companies in the U.S., Customers Bank is renowned for its robust range of financial services available to both commercial and consumer clients. The bank is distinguished by its implementation of technology-driven solutions and exceptional customer service experiences, exemplified by its Single Point of Contact approach.
Product Offerings and Services
Customers Bank goes beyond traditional banking, offering an extensive array of lending options including commercial and industrial (C&I) lending, commercial real estate lending, and multifamily lending. Their services also encompass various national corporate banking solutions aimed at specialized lending clients, reinforcing the bank’s diverse offerings in a competitive market.
Acknowledgments and Accolades
The recognition received by Customers Bancorp further validates its impressive market position and dedication to excellence. Notably, the bank has achieved the following accolades: ranking No. 1 on American Banker's 2024 list of top-performing banks within the $10 billion to $50 billion asset range. Furthermore, it secured the No. 29 position in the Forbes Best Banks list for 2024 and was placed No. 52 on Investor’s Business Daily's list of 100 Best Stocks for 2023.
Customers Bank's Financial Stability
As a member of the Federal Reserve System, Customers Bank benefits from an added layer of confidence, with deposits insured by the Federal Deposit Insurance Corporation. This commitment outlines the institution's responsibility and dedication as an equal opportunity lender, ensuring customers are at the forefront of its operations.
Frequently Asked Questions
What is the dividend amount declared by Customers Bancorp?
Customers Bancorp declared a quarterly cash dividend of $0.65395191 per share for Series E and $0.63006441 for Series F preferred stock.
Who is eligible to receive the dividend?
Shareholders of record as of the specified dates will be eligible to receive the declared dividends for both Series E and Series F preferred stocks.
How does Customers Bancorp ensure customer satisfaction?
Customers Bancorp emphasizes a Single Point of Contact approach, which allows for personalized service and tailored financial solutions to meet client needs efficiently.
What recognition has Customers Bancorp received recently?
The bank has been recognized as No. 1 on the American Banker list of top-performing banks and ranks high on Forbes and Investor’s Business Daily lists as well.
Is Customers Bancorp a safe bank to deposit in?
Yes, Customers Bancorp is a member of the Federal Reserve System and offers FDIC insurance on deposits, providing safety and security for customers.
