Customers Bancorp in Wyomissing, Pa., is planning to join the New York Stock Exchange.
The $6.5 billion-asset bank said in a press release Thursday that it plans to transfer its common stock and senior notes to the NYSE from the Nasdaq.
Customers expects its stock to begin trading on the new exchange on Dec. 30, under the symbol "CUBI." The company's notes, due in 2018, will trade under the ticker "CUBS."
"I think Nasdaq is a very good exchange, but we felt as a company we would probably get better execution and better volume at New York," said Jay Sidhu, the company's chairman and chief executive, in a phone interview.
Sidhu added that he expects next year to be a "banner year" for Customers, referring to increased earnings estimates issued by the bank earlier this month.
Customers also recently established BankMobile, a no-fee, digital banking platform aimed at attracting younger customers. The platform is expected to be released this winter, according to the company's website.
Customers shares will continue trading on the Nasdaq until the transfer is completed.