IPO News Archive
Customers Bancorp withdraws $100 million IPO
Customers Bancorp, a bank holding company with 14 branches in the eastern Pennsylvania area, withdrew its plans for an initial public offering on Tuesday. Customers Bancorp set terms on May 1 to raise $100 million and cited market conditions as the reason for the withdrawal. The Wyomissing, PA-based company was founded in 1994 and booked $68 million in sales for the 12 months ended 3/31/2012. Macquarie Capital and Keefe Bruyette Woods were set to be the joint bookrunners on the deal.