Company Description
Customers Bancorp, Inc. operates as the bank holding company for Customers Bank that provides banking products and services.
The company provides deposit banking products, which includes commercial and consumer checking, non-interest-bearing and interest-bearing demand, MMDA, savings, and time deposit accounts, as well as individual retirement accounts and non-retail time deposits consisting of jumbo certificates.
Its lending business offers commercial and industrial, commercial real estate, and multifamily and residential mortgage loans; SBA lending; mortgage financing; specialty lending includes fund finance, real estate specialty finance, technology and venture, and healthcare and financial institutions group; commercial loans to mortgage companies, and commercial equipment financing; fund finance, such as variable rate loans secured by collateral pools to private debt funds; and cash management services.
In addition, the company provides digital banking, such as Banking-as-a-Service to fintech companies; payments and treasury services to businesses; consumer loans through fintech companies; and the TassatPay, an instant blockchain-based digital payments platform which offers instant payments, including over-the-counter desks, exchanges, liquidity providers, market makers, funds, and other B2B verticals.
Further, it offers mobile phone and internet banking, wire transfers, electronic bill payment, lock box, remote deposit capture, courier, merchant processing, cash vault, controlled disbursements, positive pay, and cash management services comprising account reconciliation, collections, and sweep accounts.
The company was founded in 1997 and is headquartered in West Reading, Pennsylvania.
| Country | United States |
| Founded | 1997 |
| Employees | 793 |
| CEO | Jay Sidhu |
Contact Details
Address: 701 Reading Avenue West Reading, Pennsylvania 19611 United States | |
| Phone | 610 933 2000 |
| Website | customersbank.com |
Stock Details
| Ticker Symbol | CUBI.PRE |
| Exchange | NYSE |
| Stock Type | Preferred Stock |
| Fiscal Year | January - December |
| Reporting Currency | USD |
Key Executives
| Name | Position |
|---|---|
| Jay Sidhu | Chief Executive Officer |
| Philip Watkins | Chief Financial Officer |