Customers Bancorp

#4300

Rank

$2.49B

Marketcap

United States

Country

Leadership team

Mr. Jay S. Sidhu (Founder, Chairman & CEO)

Mr. Samvir S. Sidhu (Pres & Vice Chairman)

Ms. Carla A. Leibold (Exec. VP & CFO)

Products/ Services

Banking, Commercial, Financial Services, Venture Capital

Number of Employees

500 - 1000

Headquarters

Washington, District of Columbia, United States

Established

1997

Company Registration

SEC CIK number: 0001488813

Net Income

100M - 500M

Revenue

500M - 1B

Traded as

CUBI

Social Media

URL

https://www.customersbank.com

Overview

Location

Recognition and Award

References

Summary

Customers Bancorp, Inc. operates as the bank holding company for Customers Bank that provides financial products and services to individual consumers, and small and middle market businesses. The company offers deposits products, including checking, savings, MMDA, and other deposits accounts. It offers loan products, including commercial mortgage warehouse loans, multi-family and commercial real estate loans, business banking, small business loans, equipment financing, residential mortgage loans, and installment loans. It also offers traditional banking activities, including mobile phone banking, internet banking, wire transfers, electronic bill payment, lock box services, remote deposit capture services, courier services, merchant processing services, cash vault, controlled disbursements, positive pay, cash management services, such as account reconciliation, collections, and sweep accounts. It operates 12 full-service branches, as well as limited production and administrative offices in Southeastern Pennsylvania, including Bucks, Berks, Chester, Philadelphia, and Delaware Counties; Harrisburg, Pennsylvania; Rye Brook and New York; Hamilton, New Jersey; Boston, Massachusetts; Providence, Rhode Island; Portsmouth, New Hampshire; Manhattan and Melville, New York; Washington D.C.; Chicago, Illinois; Dallas, Texas; Orlando, Florida; and Wilmington, North Carolina. Customers Bancorp, Inc. was founded in 1994 and is headquartered in West Reading, Pennsylvania.

History

Customers Bank started as Pennsylvania State Bank in 1898. From subsidiary of the Berkeley-Lancaster Corporation, the bank later became a member of the Federal Reserve System in 2000 and was renamed to Customers Bank in the same year.

Mission

Guided by uncompromising honesty and integrity, BancorpSouth strives to provide relationship-focused financial services in a manner that: exceeds the expectations of our customers, supports the betterment of our communities, instills pride and passion in our teammates, and delivers value to our shareholders.

Vision

Our vision is to be the best customer-centric bank in the country; one that values and caters to the financial needs of its customers.

Key Team

Mr. Andrew Hertz Bowman (Sr. EVP, Chief Credit Officer)

Mr. Lyle P. Cunningham (Exec. VP & Chief Lending Officer)

Mr. Jessie John Deano Velasquez (Exec. VP & Chief Accounting Officer)

Mr. David W. Patti (Director of Communications)

Mr. Robert Fischer (Sr. VP, Relationship Mang. and Member of the Lending Team)

Mr. Andrew B. Sachs Esq. (Exec. VP, Gen. Counsel & Corp. Sec.)

Mr. Timothy D. Romig (Regional Chief Lending Officer)

Recognition and Awards

Customers Bank has been awarded by the British Bankers Association, the International Banking Association and the Global Finance magazine awards three years in a row.