Customers Bancorp entered into a Second Supplemental Indenture with Wilmington Trust to issue $100 million of 6.875% Fixed-to-Floating Rate Subordinated Notes due 2036. The notes pay a 6.875% fixed rate until January 15, 2031, then float at Three-Month Term SOFR plus 342 basis points, with optional redemption on or after January 15, 2031. The subordinated notes rank junior to senior indebtedness and include customary covenants and events of default. The transaction enhances the company's capital and funding flexibility.

Agreement details:

Agreement type: $100 million Second Supplemental Indenture for 6.875% Fixed-to-Floating Rate Subordinated Notes due 2036
Counterparty: Wilmington Trust
Signed / Effective: Dec 22 2025 / same
Duration / Termination: Until Jan 15 2036
Reason: Raise subordinated debt to strengthen capital and liquidity

Original SEC Filing: Customers Bancorp, Inc. [ CUBI ] - 8-K - Dec. 22, 2025

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Customers Bancorp Signs Second Supplemental Indenture With Wilmington Trust