Customers Bank Announces Purchase Of FDIC Interest For $5M In Fintech Investment Fund At An ~70% Discount To The Original Cost Of Investment
$CUBI
Major Banks
Finance
Furthers Commitment to Venture Banking and Early-Stage Companies
Customers Bank, the $22 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), is furthering its commitment as a leading partner to the venture banking and startup communities through its sixth overall venture fund investment.
After submitting a winning bid to the Federal Deposit Insurance Corporation, Customers Bank purchased a minority limited partnership interest for $5 million in the fund at an approximate 70% discount to the original cost of investment.