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 | 1994 |
| IPO Date | Feb 21, 2012 |
| Industry | Banks - Regional |
| Sector | Financials |
| 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 |
| Exchange | NYSE |
| Stock Type | Common Stock |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0001488813 |
| CUSIP Number | 23204G100 |
| ISIN Number | US23204G1004 |
| Employer ID | 27-2290659 |
| SIC Code | 6022 |
Key Executives
| Name | Position |
|---|---|
| Jay S. Sidhu | Founder, Chairman and Chief Executive Officer |
| Samvir S. Sidhu | President and Vice Chairman |
| Lyle P. Cunningham | Chief Banking Officer |
| Philip S. Watkins | Executive Vice President and Chief Financial Officer |
| Jessie John Deano Velasquez | Executive Vice President and Chief Accounting Officer |
| Nicholas Harris | Executive Vice President and Chief Information Officer |
| Andrew B. Sachs Esq. | Executive Vice President, General Counsel and Corporate Secretary |
| David W. Patti | Director of Communications |
| Lisa Walsh | Executive Vice President and Chief People Officer |
| Robert Fischer | Senior Vice President, Relationship Manager and Member of the Lending Team |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Feb 28, 2025 | 10-K | Annual Report |
| Jan 31, 2025 | 144 | Filing |
| Jan 30, 2025 | 144 | Filing |
| Jan 23, 2025 | 8-K | Current Report |
| Nov 12, 2024 | 10-Q | Quarterly Report |
| Nov 8, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Nov 7, 2024 | 144 | Filing |
| Nov 6, 2024 | 144 | Filing |
| Oct 31, 2024 | 8-K | Current Report |
| Oct 17, 2024 | SC 13G | Statement of acquisition of beneficial ownership by individuals |