Customers Bancorp Soon to Be Listed on NYSE

Customers Bancorp, Inc., the parent to Bhanu Choudhrie’s Customers Bank recently announced the transfer 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. Approved for listing, Voting Common Stock and Senior Notes are expected to begin trading on NYSE from 30th December, 2014.

Customers Bancorp, Inc., a bank holding company positioned in Wyomissing, Pennsylvania with Bhanu Choudhrie as the Director, is involved in banking and related business processes through its banking subsidiary, Customers Bank (collectively known as “Customers” or “Company”). The bank, which is a member of Federal Reserve System, allows for a whole range of banking services to small and medium sized businesses, professionals, individuals and offices. Engaged in fostering customer loyalty, the bank is committed towards revolutionizing the banking experience for its customers.

Operating through a chain of offices located in Pennsylvania, New York, Rhode Island, Massachusetts, and New Jersey, Customers Bank incorporates industry-leading technology in its various services. Expanding its loan portfolio to small businesses, multi-family projects, mortgage companies and consumers, Customers also made it to the top of Small-Cap Stars financial heaps while exhibiting a potential for big gain and better returns.

Speaking about the new laurel, Jay Sidhu, Chairman and CEO, Customers, said, “Listing Customers’ shares on the NYSE represent an important milestone for us. 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 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”.

Since the transfer is speculated to be completed by December 30, Voting Common Stock and Senior Notes will continue to be traded on NASDAQ under the ticker symbol “CUBI” and “CUBIL” respectively, for that span.

In acknowledgement of this transfer, the representatives from the bank will be honoured by allowing an opportunity to ring the NYSE Closing Bell at 4:00 p.m. on January 7, 2015.