Customers Bancorp, Inc. (CUBI-PF)

24.87 -0.05 (-0.20%) At close: 04:00PM EDT

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: 692

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Jay S. Sidhu	Founder, Chairman & CEO	2.01M	32.96M	1952
Mr. Samvir S. Sidhu	Pres & Vice Chairman	442.13k	N/A	N/A
Ms. Carla A. Leibold	Exec. VP & CFO	843.82k	N/A	1967
Mr. Andrew Hertz Bowman	Sr. EVP, Chief Credit Officer	362.92k	4.77k	1968
Mr. Lyle P. Cunningham	Exec. VP & Chief Lending Officer	465.5k	116.05k	1964
Mr. Jessie John Deano Velasquez	Exec. VP & Chief Accounting Officer	N/A	N/A	1979
Ms. Jennifer L. Frost	Exec. VP & Chief Admin. Officer	N/A	N/A	1975
Mr. William J. Pizzichil	Exec. VP & Chief Compliance Officer	N/A	N/A	N/A
Mr. Andrew B. Sachs Esq.	Exec. VP, Gen. Counsel & Corp. Sec.	N/A	N/A	N/A
Mr. David W. Patti	Director of Communications	N/A	N/A	N/A

Amounts are as of 31 December 2021, 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 offers deposits products, including checking, savings, MMDA, and other deposits accounts. It offers loan products, including commercial mortgage warehouse loans, multi-family and commercial real estate loans, business banking, small business loans, equipment financing, residential mortgage loans, and installment loans. It also offers traditional banking activities, including mobile phone banking, internet banking, wire transfers, electronic bill payment, lock box services, remote deposit capture services, courier services, merchant processing services, cash vault, controlled disbursements, positive pay, cash management services, such as account reconciliation, collections, and sweep accounts. It operates 12 full-service branches, as well as limited production and administrative offices in Southeastern Pennsylvania, including Bucks, Berks, Chester, Philadelphia, and Delaware Counties; Harrisburg, Pennsylvania; Rye Brook and New York; Hamilton, New Jersey; Boston, Massachusetts; Providence, Rhode Island; Portsmouth, New Hampshire; Manhattan and Melville, New York; Washington D.C.; Chicago, Illinois; Dallas, Texas; Orlando, Florida; and Wilmington, North Carolina. Customers Bancorp, Inc. was founded in 1994 and is headquartered in West Reading, Pennsylvania.

Corporate governance

Customers Bancorp, Inc.’s ISS governance QualityScore as of 1 September 2022 is 5. The pillar scores are Audit: 5; Board: 6; Shareholder rights: 5; Compensation: 6.

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.