Customers Bancorp, Inc. (CUBI-PE)

25.36 +0.02 (+0.09%) As of 10:24AM EDT. Market open.

Customers Bancorp, Inc.

701 Reading Avenue
West Reading, PA 19611
United States
610 933 2000
https://www.customersbank.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 711

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Jay S. Sidhu	Founder, Chairman & CEO	870.19k	2.42M	1952
Mr. Samvir S. Sidhu	President & Vice Chairman	1.07M	N/A	N/A
Mr. Lyle P. Cunningham	Executive VP & Chief Lending Officer	818.95k	N/A	1965
Mr. Philip Watkins	EVP & Chief Financial Officer	N/A	N/A	1985
Mr. Jessie John Deano Velasquez	Executive VP & Chief Accounting Officer	N/A	N/A	1980
Nicholas Harris	Executive VP & Chief Information Officer	N/A	N/A	N/A
Mr. Andrew B. Sachs Esq.	Executive VP, General Counsel & Corporate Secretary	N/A	N/A	N/A
Mr. David W. Patti	Director of Communications	N/A	N/A	N/A
Lisa Walsh	Executive VP & Chief People Officer	N/A	N/A	N/A
Mr. Robert Fischer	Senior Vice President, Relationship Manager and Member of the Lending Team	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

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 provides deposit banking products, which includes commercial and consumer checking, non-interest-bearing and interest-bearing demand, MMDA, savings, and time deposit accounts. Its lending business offers commercial and industrial, commercial real estate, and multifamily and residential mortgage loans; SBA lending and 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; and 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 including Banking-as-a-Service to fintech companies, payments and treasury services to businesses, and consumer loans through fintech companies and the TassatPay, a blockchain-based instant B2B 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, such as account reconciliation, collections, and sweep accounts. The company was incorporated in 2010 and is headquartered in West Reading, Pennsylvania.

Corporate governance

Customers Bancorp, Inc.’s ISS governance QualityScore as of 1 April 2024 is 4. The pillar scores are Audit: 6; Board: 6; Shareholder rights: 5; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.