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Customers Bancorp (CUBI) in Wyomissing, Pa., has raised $133.2 million in a private placement.
June 27 -
Banks issued at least $12.3 billion in subordinated debt last year, far more than what they issued in any year since the financial crisis. A big factor is investor demand, which has been stimulated by a need for higher-yielding holdings.
April 30 -
TriState Capital Holdings (TSC) in Pittsburgh has raised $35 million through a private placement of subordinated debt.
June 10
Pacific Premier in Irvine, Calif., has raised approximately $59 million through a private placement.
The $1.9 billion-asset Pacific raised the funds through a sale of subordinated debt. The notes are set to mature in September 2024 and are expected to count as Tier 2 capital for regulatory purposes.
The bank may use the proceeds to "support both organic growth as well as opportunistic acquisitions, should appropriate opportunities arise," it said in a
Pacific operates 13 branches in Southern California.
