Articles from Customers Bank

Customers Bank, the $24 billion asset subsidiary of Customers Bancorp (NYSE: CUBI) and one of the nation’s leading regional banks, today announced the opening of new offices in Irvine, Sherman Oaks, Sacramento, Reno, and Las Vegas. This westward expansion reflects the bank’s commitment to delivering high-touch service to clients in markets that are fueling the country’s economic growth and innovation economy.

Customers Bank, the $21 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), is laying the groundwork for continued deposit growth in commercial and specialty banking divisions, enhancing its C-suite to incorporate significant, top-level expertise and capabilities. A new role of Chief Banking Officer will be filled by Lyle Cunningham, a long-standing member of the company who most recently served as Executive Vice President, Chief Lending Officer & Head of Corporate and Specialized Banking. Additionally, the Bank has named Nick Robinson as Chief Risk Officer, who hails from a top 10 bank in the U.S. Robinson will collaborate closely with Joan Cheney, who is transitioning to the Deputy Chief Risk Officer role.

Customers Bank, the $22 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), is furthering its commitment as a leading partner to the venture banking and startup communities through its sixth overall venture fund investment.

Customers Bank, the $22 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), has onboarded 10 experienced commercial and business banking teams in New York, California and Nevada. The hiring drive is expected to accelerate the Bank’s deposit growth potential and represents significant investment in its Single Point of Contact banking model, designed to exceed client expectations.

Customers Bank, the $21 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), announced today it has completed the onboarding of a nearly 30-member venture banking team formerly employed by Signature Bank. Initially, this team will handle the transfer and servicing of about 150 loans in Customers Bank’s recently acquired $631 million venture banking loan portfolio but are expected to gather significant deposits from these clients and grow Customers Bank’s Tech & Venture and Fund Finance lines of business.

Customers Bank, a digital and fintech-forward super-community bank with a growing number of operations across the nation and the bank subsidiary of Customers Bancorp, Inc. (NYSE:CUBI), announced the launch of a new Loan Syndications Banking Team, expanding the bank’s lending services for middle market businesses and lead deals to support the bank’s existing and future national lines of business.

Customers Bank, a digital-forward super-community bank with a growing number of operations across the nation and the bank subsidiary of Customers Bancorp, Inc. (NYSE:CUBI), announced today that it will be consolidating its Pennsylvania branches and transferring the accounts from five (5) branches to other branches in the region. The move is part of an overall strategy of continued national expansion which may include additional branches in new markets at a future date.

Customers Bank, a digital and FinTech-forward top 100 national bank with nearly $20 billion in assets, announced the institution hired industry veteran John Donohue to serve as Executive Vice President, Managing Director of Customers Commercial Finance’s (CCF) new Small Ticket Business.

Customers Bank, a digital and fintech-forward top 100 bank in the nation with nearly $20 billion in assets, announced it launched a Financial Institutions Group (FIG) serving Securities Broker Dealers, Future Commissions Merchants, Market Makers and Liquidity Providers, Insurance companies, Trust companies and broader Financial Institutions. Brandon Troster was hired as Senior Vice President, Banking Group Head, to lead the Broker Dealer Banking Group within the broader FIG team.

Customers Bank, a top 100 digital forward commercial and consumer bank with approximately $19.1 billion in assets and the subsidiary of Customers Bancorp, Inc. (NYSE: CUBI), has made large-scale, strategic investments to broaden the depth and expertise of its Digital Asset Banking Team that supports the needs of commercial cryptocurrency and digital asset institutions. Recently, seven key industry experts joined Customers Bank bringing a wealth of knowledge working in the crypto space at Silvergate Capital, the first financial institution to service the digital asset ecosystem. The new team members include professionals across business development, technology, onboarding, payments, BSA and compliance, signifying Customers Bank’s commitment to serving all the needs of digital asset clients.

Customers Bank, a digital-forward top 100 bank in the nation with $20 billion in assets, experienced exponential growth over the last two years as a result of participating in approximately 347,000 Paycheck Protection Program loans with an aggregate value of $10 billion and the launch of its blockchain-based real-time payments platform for cryptocurrency and digital asset institutions that drove $1.5 billion in deposits. As a result of these products and the increased growth, Customers Bank has expanded beyond its northeast geographic footprint to service clients across the nation. As a result, the executive leadership undertook a complete rebranding to reposition the bank as a fintech-forward-focused banking institution that provides commercial and consumer clients the stability, regulatory and trust inherent in working with an established bank. The rebranding encapsulates the new vision, mission, tagline, logo, website and more.

Customers Bank, the $19.1 billion subsidiary of Customers Bancorp, Inc. (NYSE: CUBI), today released a partial list of inaugural institutional crypto clients. The clients identified are among the premier cryptocurrency and digital asset institutions, making the bank one of the nation’s leading financial services providers in the growing global crypto industry.

Customers Bank, the $19.6 billion subsidiary of Customers Bancorp, Inc. and Tassat Group Inc., a global provider of blockchain technologies for digital payments (NYSE: CUBI), announced today the launch of the Customers Bank Instant Token or CBIT, on TassatPay, a blockchain-based real time payments platform that will immediately begin serving a growing array of B2B clients who want the benefit of instant payments: including key over-the-counter desks, exchanges, liquidity providers, market makers, funds, and B2B verticals such as trading operations, real estate, manufacturing, and logistics.

Today, Customers Bank (NYSE:CUBI), one of the nation’s leading SBA Paycheck Protection Program (PPP) lenders, announced it will partner with the SBA to deliver responsive digital loan forgiveness service to the small business borrowers.

Customers Bank, the super-community bank subsidiary of Customers Bancorp (NYSE: CUBI) with $18.8 billion of assets at March 31, 2021, this week announced the promotion of Jessie John Velasquez to Executive Vice President, Chief Accounting Officer; the hiring of Lisa L. Schmoke as Senior Vice President, Corporate Controller; and the promotion of ThanhNga (Julia) Hoang to Vice President, SEC Reporting Manager.

Customers Bank is pleased to announce Jennifer Frost has been promoted to Executive Vice President and Chief Administrative Officer. Frost will also join the Management Board.

Customers Bank, a digital forward super-community bank with approximately $18.8 billion in assets, has hired Joseph M. Pennini as Managing Director and Head of Fund Finance. Pennini will expand the bank’s private equity lending practice and grow its treasury services business as part of its continued national expansion effort.

For the fourth year in a row, Customers Bank was recognized by the Pennsylvania Housing Finance Agency as a top-10 lending partner. Customers Bank placed 6th overall, advancing from 7th in the previous year. And for the fourth consecutive year, Customers Bank was ranked as the #1 lender in the Loans to Minority First-time Homebuyers category.

Shareholders of Customers Bancorp, Inc. (NYSE:CUBI) – parent of Customers Bank, a leading super-community bank with a growing number of operations across the nation, met in a virtual annual meeting Wednesday, May 26 electing two directors, ratifying the appointment of Deloitte & Touche LLP as the Bank’s independent registered public accounting firm, and supporting a non-binding “say on pay” proposal to approve the compensation of top executives.

Customers Bank, a subsidiary of Customers Bancorp, Inc. (NYSE:CUBI) a bank holding company, and Tassat, a global provider of blockchain technologies for digital payments, today announced that Customers Bank will use Tassat’s proprietary platform TassatPay® Network, which features real-time B2B payments and integration of digital and legacy payment rails. The partnership will deliver enhanced payments functionality for the bank’s business clients and low-cost core deposit growth for the bank.

Customers Bank, a digital forward financial institution with approximately $18.8 billion in assets that provides exceptional banking experiences to consumer and commercial clients, is building upon its national recognition for providing innovative banking products and services to commercial clients to advance its national expansion. The next phase of the expansion includes opening a new office in Orlando, Florida, as well as a new office in Dallas, Texas and extending the bank’s existing presence in the Midwest, based in Chicago.

Customers Bank, a digital forward consumer and commercial bank with approximately $18.8 billion in assets, is building upon its national recognition for providing innovative banking products and services to commercial clients to advance its national expansion. The next phase of the expansion includes opening a new commercial banking office in the Dallas-Fort Worth area, located in the iconic Crescent building in Dallas, as well as a new office in Orlando, Florida and extending the bank’s existing presence in the Midwest, based in Chicago.

Customers Bank, a digital forward financial institution with approximately $18.8 billion in assets, is expanding the bank’s Midwest presence based in Chicago as part of the bank’s national expansion. The bank is also opening new commercial banking offices in Dallas, Texas and Orlando, Florida.