WYOMISSING, Pa., Nov. 03, 2016 (GLOBE NEWSWIRE) -- Customers Bancorp, Inc. (the "Company") (NYSE:CUBI), the parent company for Customers Bank, today announced that it has commenced an underwritten public offering of 2,600,000 shares of its common stock. FBR Capital Markets & Co. and Keefe, Bruyette & Woods, Inc. are acting as the joint book-running managers for the offering. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock sold, at the public offering price less the underwriting discount, solely to cover over-allotments, if any. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The Company expects to use the net proceeds for general corporate purposes, which may include working capital and the funding of organic growth at Customers Bank. A shelf registration statement on Form S-3 (File No. 333-209760) relating to the offering was filed previously with the Securities and Exchange Commission ("SEC") and is effective. A preliminary prospectus supplement related to the offering has been filed with the SEC. Copies of the shelf registration statement (including the base prospectus), the preliminary prospectus supplement and other documents that the Company has filed with the SEC that are incorporated by reference into the registration statement are available at no charge by visiting EDGAR on the SEC's website located at www.sec.gov. A final prospectus supplement will be filed with the SEC and will be available on the SEC's website once filed. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained, when available, by contacting: FBR, Attention: Syndicate Prospectus Department, 1300 North 17th Street, Suite 1400, Arlington, VA 22209, or by telephone at 703-312-9580, or by email at email@example.com. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company, nor shall there be any offer or sale of securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.