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Customers Bancorp, 6.50% Fixed-to-Floating Rate Non-Cumululative Perpetual Preferred Stock Series D

Coupon is fixed at the rate of 6.50% until 3/15/2021 after which the rate will float at a rate of 3 month Libor plus a spread of 5.09%

May only be redeemed on a dividend payment date

Redeemed 09/15/2021

Ticker: CUBI-D

Parent Ticker: CUBI

OTC Grey Market Temporary Ticker: NA

Issuance Date: 01/22/2016

1st Call Date: 03/15/2021

Maturity Date: None

Shares Issued: 1,000,000

Overallotment Shares: 0

Coupon: 6.50%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.406

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