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Customers Bancorp, 7.00% Fix-to-Floating Rate Non-Cumulative Perpetual Preferred Stock Series C

May only be redeemed on a dividend payment date

Coupon is fixed at 7% until 6/14/2020 after which it floats at a rate equal to 3 month LIBOR plus a spread of 5.30%

CAUTION–this issue is now floating at 3 month Libor plus 5.30%

Redeemed 09/15/2021

Ticker: CUBI-C

Parent Ticker: CUBI

OTC Grey Market Temporary Ticker: NA

Issuance Date: 05/11/2015

1st Call Date: 06/15/2020

Maturity Date: None

Shares Issued: 2,000,000

Overallotment Shares: 300,000

Coupon: 7.00%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.437

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