Customers Bancorp, 6.00% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock Series F

The coupon is fixed until 12/16/2021 afterwhich at a floating rate equal to 3 month LIBOR plus a spread of 4.762%

May only be redeemed on a dividend payment date

Ticker: CUBI-F

Parent Ticker: CUBI

OTC Grey Market Temporary Ticker: NA

Issuance Date: 09/09/2016

1st Call Date: 12/15/2021

Maturity Date: None

Shares Issued: 3,000,000

Overallotment Shares: 450,000

Coupon: 6.00%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.375

Ex-Dividend Months: FEB, MAY, AUG, NOV

Approx. Ex-Dividend Day: 27

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 15

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR

Fitch Rating: NR

Egan-Jones Rating: NR