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Customers Bancorp Benefitted From the Banking Crisis. Can It Sustain the Momentum?

Customers Bancorp Benefitted From the Banking Crisis. Can It Sustain the Momentum?

Between the banking crisis in March and the high-interest-rate environment, many banks are seeing low-cost deposits head for the exits, and are having to replace them with higher-cost deposits and funding sources. On a period-end basis, Customers increased NIB deposits by roughly $1.6 billion, which is an anomaly in the industry right now.