Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock

Customers Bancorp, Inc. announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C CUBIPRC of $0.357778 per share. The dividend is payable on September 15, 2020 to shareholders of record on August 31, 2020.

The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D CUBIPRD of $0.40625 per share. The dividend is payable on September 15, 2020 to shareholders of record on August 31, 2020.

The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E CUBIPRE of $0.403125 per share. The dividend is payable on September 15, 2020 to shareholders of record on August 31, 2020.

The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F CUBIPRF of $0.375 per share. The dividend is payable on September 15, 2020 to shareholders of record on August 31, 2020.

Institutional Background

Customers Bancorp, Inc. is a bank holding company located in West Reading, PA and providing financial services through its subsidiary, Customers Bank, a full-service super-community bank with assets of approximately $17.9 billion at June 30, 2020. A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender that provides a range of banking and lending services to small and medium-sized businesses, professionals, individuals, and families. Services and products are available wherever permitted by law through mobile-first apps, online portals, and a network of offices and branches. Customers Bancorp, Inc.'s voting common shares are listed on the New York Stock Exchange under the symbol CUBI. Additional information can be found on the company's website, www.customersbank.com.

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