04:35 AM EDT, 09/04/2025 (MT Newswires) -- Customers Bancorp ( CUBI ) said late Wednesday it priced an underwritten public offering of about 2.2 million voting common shares at $68.50 per share for total expected gross proceeds of $150 million.

The underwriters have been granted a 30-day option to purchase up to 328,467 additional common shares.

Net proceeds will be used for general corporate purposes, which may include debt repayments, share repurchases, and investments, the company said.

Closing of the offering is expected to occur on or about Friday, subject to customary conditions.