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Customers Bancorp (CUBI) in Wyomissing, Pa., has raised $133.2 million in a private placement.
June 27 -
Luvleen Sidhu has been hired by her father -- Jay Sidhu, the head of Customers Bancorp -- to do something a lot of small banks would be afraid to tackle: develop Customers' own mobile banking software.
June 12 -
Jay Sidhu's Pennsylvania company is building a separately branded bank that, like Simple, will target a demographic that feels no particular affinity toward traditional banks.
March 3
Customers Bancorp in Wyomissing, Pa., is planning to raise at least $48 million by selling preferred stock.
The $7.1 billion company said in a press release Tuesday that it is planning to sell 2 million shares of preferred stock at $25 each. The company said it could raise as much as $56 million if underwriters exercise their rights to buy an additional 300,000 shares.
Customers said it intends to split the proceeds evenly with its bank. The offering is expected to close next Monday.
