Customers Bancorp to redeem $85 million in preferred stock
PositiveFinancial Markets

Customers Bancorp has announced its decision to redeem $85 million in preferred stock, a move that reflects the company's strong financial position and commitment to enhancing shareholder value. This redemption is significant as it indicates the bank's confidence in its capital structure and ability to manage its obligations effectively, which could positively influence investor sentiment and attract more interest in the company's stock.
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