Customers Bancorp Inc Raises $100 Million in Private Placements of Common Stock

Thursday, 20 Sep 2012 07:42pm EDT 

Customers Bancorp Inc announced that it issued a total of 7,111,819 shares of common stock in two private offerings, the second of which closed on September 20, 2012, for a total offering amount of approximately $85 million at $14 per share. FBR Capital Markets & Co. acted as sole placement agent for this second offering. In the first private offering, which took place in July and August 2012, Customers Bancorp raised approximately $15 million. The proceeds of the private offerings will be used to support organic growth and other general corporate purposes. Customers Bancorp was advised by Stradley Ronon Stevens & Young, LLP in connection with its private offerin 

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