Thursday, April 24, 2014
Inquirer Daily News

Customers Bank files for $75M stock sale, Nasdaq listing

Jay Sidhu, back in business

Customers Bank files for $75M stock sale, Nasdaq listing

Customers Bank, the Wyomissing-based, $3.5 billion asset company assembled by former Sovereign Bank chief Jay S. Sidhu, plans to sell $75 million in stock later this year, and has applied to be listed on the Nasdaq National Market under the symbol CUBI. The stock currently trades over-the-counter as CUUU.

Customers has named BR Capital Markets & Co., Sterne Agee & Leach and Boenning & Scattergood, of Conshohocken, to lead the sale. More in Customers' SEC prospectus amendment here.

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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