Customers Bancorp Inc (N:CUBI)

Apr 15, 2024 08:30 am ET
Customers Bancorp, Inc. to Host First Quarter 2024 Earnings Webcast on Friday, April 26, 2024
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EST on Friday, April 26, 2024, to report its earnings results for the three months ending March 31, 2024. The webcast will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, and Customers Bancorp Chief Financial Officer Philip Watkins.
Apr 09, 2024 01:39 pm ET
Customers Bank Onboards 10 Experienced Banking Teams and Accelerates Deposit Transformation; Builds Prominence on East, West Coasts
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.
Mar 04, 2024 08:30 am ET
Customers Bancorp, Inc. Subordinated Notes to Convert from Fixed to Floating Rate
Customers Bancorp, Inc. (NYSE:CUBI) announced that subordinated notes issued in 2014 will, on June 26, 2024, convert from an annual fixed rate of 6.125% to a floating rate.
Jan 29, 2024 04:15 pm ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock
Customers Bancorp, Inc. (NYSE:CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.68163044 per share. The dividend is payable on March 15, 2024, to shareholders of record on February 29, 2024.
Jan 25, 2024 05:00 pm ET
Customers Bancorp Reports Results for Fourth Quarter and Full Year 2023
Customers Bancorp, Inc. (NYSE:CUBI):
Jan 12, 2024 08:30 am ET
Customers Bancorp, Inc. to host Fourth Quarter and Full-Year 2023 Earnings Webcast on Friday, January 26, 2024
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EST on Friday, January 26, 2024, to report its earnings results for the three months ending December 31, 2023 and full-year 2023. The webcast will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Customers Bancorp Chief Financial Officer Carla Leibold, and Customers Bank Chief Financial Officer Philip Watkins.
Oct 30, 2023 08:30 am ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock
Customers Bancorp, Inc. (NYSE:CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.68319767 per share. The dividend is payable on December 15, 2023, to shareholders of record on November 30, 2023.
Oct 26, 2023 04:45 pm ET
Customers Bancorp Reports Results for Third Quarter 2023
Customers Bancorp, Inc. (NYSE:CUBI)
Oct 13, 2023 09:05 am ET
Customers Bancorp, Inc. to Host Third Quarter 2023 Earnings Webcast on Friday, October 27, 2023
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Friday, October 27, 2023, to report its earnings results for the three months ending September 30, 2023. The webcast will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Customers Bancorp Chief Financial Officer Carla Leibold, Customer Bank Chief Financial Officer Philip Watkins, and Customers Bank Chief Credit Officer Andrew Bowman.
Jul 31, 2023 08:00 am ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock
Customers Bancorp, Inc. (NYSE:CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.6831 per share. The dividend is payable on September 15, 2023, to shareholders of record on August 31, 2023.
Jul 27, 2023 04:34 pm ET
Customers Bancorp Reports Results for Second Quarter 2023
Customers Bancorp, Inc. (NYSE:CUBI)
Jul 14, 2023 08:30 am ET
Customers Bancorp, Inc. to Host Second Quarter 2023 Earnings Webcast on Friday, July 28, 2023
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Friday, July 28, 2023, to report its earnings results for the three months ending June 30, 2023. The webcast will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Customers Bancorp Chief Financial Officer Carla Leibold, Customers Bank Chief Financial Officer Philip Watkins, and Customers Bank Chief Credit Officer Andrew Bowman.
Jul 10, 2023 06:28 pm ET
Customers Bank Onboards Former Signature Venture Banking Team
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.
Jun 16, 2023 08:30 am ET
Customers Bancorp Acquires $631 Million Loan Portfolio From FDIC at Significant Discount and Recruits Venture Banking Team
Customers Bancorp (NYSE:CUBI), through its principal subsidiary, Customers Bank (“Customers”), has acquired a $631 million1 venture banking loan portfolio from the FDIC at approximately 85% of book value.1 Separate from the loan pool purchase, Customers has successfully recruited 30 team members from the group that originated these loans to service the venture-backed growth industry from seed-stage through late-stage.
Jun 01, 2023 08:00 am ET
Customers Bancorp Shareholders Approve All Proposals in Online Annual Meeting
Shareholders of Customers Bancorp, Inc. (NYSE:CUBI) – parent of Customers Bank, a digital-forward super-community bank and one of the 100 largest banks in the U.S., met in a virtual annual meeting on Tuesday, May 30, electing three directors, ratifying the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm, supporting a non-binding “say on pay” proposal to approve the compensation of top executives, and amending the company’s stock incentive plan.
May 01, 2023 08:00 am ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock
Customers Bancorp, Inc. (NYSE:CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.63929075 per share. The dividend is payable on June 15, 2023, to shareholders of record on May 31, 2023.
Apr 27, 2023 05:00 pm ET
Customers Bancorp Reports Results for First Quarter 2023
Customers Bancorp, Inc. (NYSE:CUBI)
Apr 17, 2023 08:00 am ET
Customers Bancorp to Report First Quarter 2023 Earnings
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Friday, April 28, 2023, to report its earnings results for the three months ending March 31, 2023. The call will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Customers Bancorp Chief Financial Officer Carla Leibold, Customers Bank CFO Phil Watkins, and Customers Bank Chief Credit Officer Andrew Bowman.
Apr 06, 2023 08:00 am ET
Customers Bancorp Top Two Execs Elect Stock Bonuses in Lieu of Cash
The top two executives of Customers Bancorp, Inc. (NYSE:CUBI), a high-performing bank holding company with over $20 billion in assets, will take all 2022 bonuses in stock rather than cash, the firm announced.
Feb 16, 2023 08:30 am ET
Customers Bank Introduces Loan Syndications Banking Solutions
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.
Jan 27, 2023 08:30 am ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock
Customers Bancorp, Inc. (NYSE: CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.61931250 per share. The dividend is payable on March 15, 2023, to shareholders of record on February 28, 2023.
Jan 25, 2023 05:00 pm ET
Customers Bancorp Reports Results for Full Year and Fourth Quarter 2022
Customers Bancorp, Inc. (NYSE:CUBI)
Jan 12, 2023 08:30 am ET
Customers Bancorp, Inc. to Host Fourth Quarter and Year-End Earnings Webcast on January 26, 2023
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EST on Thursday, January 26, 2023, to report its earnings results for the three months and year ending December 31, 2022. The call will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Chief Financial Officer Carla Leibold, and Chief Credit Officer Andrew Bowman.
Nov 16, 2022 08:35 am ET
Customers Bancorp, Inc. Provides Digital Asset Banking Update
Customers Bancorp, Inc. (NYSE: CUBI) the holding company which owns banking subsidiary Customers Bank (the "Bank") with assets over $20 billion and a leading provider of banking services to technology companies, announced today that the bankruptcy of FTX and its related companies has no material impact on the Bank.
Oct 28, 2022 08:30 am ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E, and Series F Preferred Stock
Customers Bancorp, Inc. (NYSE: CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.53289158 per share. The dividend is payable on December 15, 2022, to shareholders of record on November 30, 2022.
Oct 26, 2022 04:15 pm ET
Customers Bancorp Reports Results for Third Quarter 2022
Customers Bancorp, Inc. (NYSE:CUBI)
Oct 11, 2022 08:00 am ET
Customers Bancorp, Inc. to Host Third Quarter Earnings Webcast on October 27, 2022
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Thursday, October 27, 2022, to report its earnings results for the three months ending September 30, 2022. The call will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Chief Financial Officer Carla Leibold, and Chief Credit Officer Andrew Bowman.
Aug 25, 2022 04:08 pm ET
Former Consumer Financial Protection Bureau Regulator Joins Board at Customers Bancorp
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), has appointed Raj Date, Managing Partner of Fenway Summer LLC, a Washington DC-based investment and advisory firm and the first-ever Deputy Director of the U.S. Consumer Financial Protection Bureau (CFPB), to the Board of the holding company and bank.
Jul 29, 2022 08:00 am ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E, and Series F Preferred Stock
Customers Bancorp, Inc. (NYSE: CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.445233 per share. The dividend is payable on September 15, 2022, to shareholders of record on August 31, 2022.
Jul 27, 2022 04:53 pm ET
Customers Bancorp Reports Results for Second Quarter 2022
Customers Bancorp, Inc. (NYSE:CUBI)
Jul 22, 2022 08:00 am ET
Customer Bank to Consolidate Five Pennsylvania Branches
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.
Jul 11, 2022 08:30 am ET
Customers Bancorp, Inc. to Host Second Quarter Earnings Webcast on July 28, 2022
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Thursday, July 28, 2022, to report its earnings results for the three months and six months ending June 30, 2022. The call will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Chief Financial Officer Carla Leibold, and Chief Credit Officer Andrew Bowman.
Jun 16, 2022 07:30 am ET
Customers Bancorp Provides Mid-Quarter Financial Update for Second Quarter 2022
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively "Customers" or "CUBI"), today issued a mid-quarter financial update highlighting the following:
May 31, 2022 10:44 am ET
Customers Bancorp Shareholders Approve All Proposals in Online Annual Meeting
Shareholders of Customers Bancorp, Inc. (NYSE:CUBI) – parent of Customers Bank, a digital-forward super-community bank with a growing number of operations across the nation, met in a virtual annual meeting Tuesday, May 31 electing three directors, ratifying the appointment of Deloitte & Touche LLP as the Bank’s independent registered public accounting firm, supporting a non-binding “say on pay” proposal to approve the compensation of top executives, and amending the company’s stock Incentive plan.
Apr 29, 2022 04:15 pm ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E, and Series F Preferred Stock
Customers Bancorp, Inc. (NYSE: CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.381161 per share. The dividend is payable on June 15, 2022, to shareholders of record on May 31, 2022.
Apr 27, 2022 05:15 pm ET
Customers Bancorp Reports First Quarter 2022 Results
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively "Customers" or "CUBI"), today reported first quarter 2022 ("Q1 2022") net income to common shareholders of $74.9 million, or $2.18 per diluted share, up from first quarter 2021 ("Q1 2021") net income to common shareholders of $33.2 million, or $1.01 per diluted share. Q1 2022 core earnings were $75.2 million, or $2.19 per diluted share, up from Q1 2021 core earnings of $70.3 million, or $2.14 per diluted share (non-GAAP measures). Q1 2022 core earnings (excluding PPP) were $50.5 million, or $1.47 per dilut
Apr 20, 2022 04:15 pm ET
Customers Bancorp, Inc. Releases 2021 ESG Report
(April 20, 2022) - Customers Bancorp, Inc. (NYSE: CUBI), has released its Environmental, Social and Governance (ESG) Report for calendar year 2021. The report can be reviewed and downloaded from the Customers Bank Investor Relations webpage.
Apr 12, 2022 08:30 am ET
Customers Bancorp, Inc. to Host First Quarter 2022 Earnings Webcast on April 28, 2022
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Thursday, April 28, 2022, to report its earnings results for the three months ending March 31, 2022. The call will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Chief Financial Officer Carla Leibold, and Chief Credit Officer Andrew Bowman.
Mar 30, 2022 08:30 am ET
S&P Global Market Intelligence Ranks Customers Bancorp, Inc. the Third Best-Performing Among Public U.S. Banks with more than $10 billion in Assets for 2021
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank, ranked third in performance in S&P Global Market Intelligence’s newly created list of top-performing publicly-traded U.S. public banks with more than $10 billion in total assets at year-end 2021.
Mar 22, 2022 04:10 pm ET
Customers Bank Recruits John Donohue to Lead Customers Commercial Finance’s New Small Ticket Business
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.
Mar 09, 2022 08:30 am ET
Customers Bank Hires Bernard Garrigues as Chief People Officer to Support Ambitious Growth
Customers Bank, a digital and fintech-forward top 100 bank in the nation with nearly $20 billion in assets, announced it hired Bernard Garrigues as Chief People Officer (CPO) to strengthen the leadership team and support the institution’s continued national growth.
Feb 08, 2022 08:30 am ET
Customers Bank Launches Financial Institutions Banking Group
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.
Jan 28, 2022 04:15 pm ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock
Customers Bancorp, Inc. (NYSE: CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.333922 per share. The dividend is payable on March 15, 2022, to shareholders of record on February 28, 2022.
Jan 27, 2022 07:40 pm ET
Customers Bancorp, Inc Announces Board Additions
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”) has expanded its Board of Directors and appointed retired Army Brigadier General Bernard B. Banks, now the Associate Dean, Leadership Development and Inclusion and Clinical Professor of Management at Northwestern University’s Kellogg School of Management; and Robert N. Mackay, CEO of Regnology, a leader in banking compliance technology for the largest European markets. Each of Dr. Banks and Mr. Mackay also currently serves as a director of Customers Bank.
Jan 27, 2022 04:30 pm ET
Customers Bancorp, Inc Announces Board Additions
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”) has expanded its Board of Directors and appointed retired Army Brigadier General Bernard B. Banks, now the Associate Dean, Leadership Development and Inclusion and Clinical Professor of Management at Northwestern University’s Kellogg School of Management; and Robert N. Mackay, CEO of Regnology, a leader in banking compliance technology for the largest European markets. Please insert this sentence at the very end of the first paragraph: Each of Dr. Banks and Mr. Mackay also currently serves as
Jan 24, 2022 05:13 pm ET
Customers Bancorp Reports Record Results for Full Year 2021
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively "Customers" or "CUBI"), today reported fourth quarter 2021 ("Q4 2021") net income to common shareholders of $98.6 million, or $2.87 per diluted share, resulting in record full year 2021 ("FY 2021") net income to common shareholders of $300.1 million, or $8.91 per diluted share. Q4 2021 core earnings (a non-GAAP measure) was $100.1 million, or $2.92 per diluted share, resulting in record FY 2021 core earnings (a non-GAAP measure) of $343.6 million, or $10.20 per diluted share. Adjusted pre-tax pre-provision
Jan 13, 2022 08:00 am ET
Customers Bancorp, Inc. to Host Fourth Quarter and Year-End 2021 Earnings Webcast on January 25, 2022
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EST on Tuesday, January 25, 2022, to report its earnings results for the three months ending December 31, 2021, and for the year-end 2021. The call will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Chief Financial Officer Carla Leibold, and Chief Credit Officer Andrew Bowman.
Jan 06, 2022 08:30 am ET
Customers Bank Deepens Commitment to Cryptocurrency and Digital Asset Clients with Team Recruitment
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 me
Dec 16, 2021 08:30 am ET
Customers Bank Rebrands Signaling Future Opportunities
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
Nov 17, 2021 04:30 pm ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E, and Series F Preferred Stock
Customers Bancorp, Inc. (NYSE: CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.33215 per share. The dividend is payable on December 15, 2021 to shareholders of record on November 30, 2021.
Nov 02, 2021 08:00 am ET
Customers Bank Makes Bold Move with Cryptocurrency Clients
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.
Oct 27, 2021 04:15 pm ET
Customers Bancorp Reports Record Third Quarter 2021 Results
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively "Customers" or "CUBI"), today reported third quarter 2021 ("Q3 2021") net income to common shareholders of $110.2 million, or $3.25 per diluted share, significantly up from second quarter 2021 ("Q2 2021") net income to common shareholders of $58.0 million, or $1.72 per diluted share. Core earnings for Q3 2021 totaled $113.9 million, or $3.36 per diluted share compared to Q2 2021 core earnings of $59.3 million, or $1.76 per diluted share (non-GAAP measures). Adjusted pre-tax pre-provision net income was $16
Oct 18, 2021 04:15 pm ET
Customers Bank and Tassat Launch Blockchain-Enabled Instant Payments on TassatPay™
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.
Oct 12, 2021 08:30 am ET
Customers Bancorp, Inc. to Host Third Quarter 2021 Earnings Webcast on October 28, 2021
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Thursday, October 28, 2021, to report its earnings results for the three months ending September 30, 2021. The call will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Chief Financial Officer Carla Leibold, and Chief Credit Officer Andrew Bowman.
Aug 26, 2021 04:55 pm ET
Customers Bancorp Announces Common Stock Repurchase Plan and Updates 2021 Core EPS Guidance
Customers Bancorp, Inc. (NYSE: CUBI) announced today that its Board of Directors authorized a new share repurchase plan to repurchase up to 10% of its outstanding common stock as of June 30, 2021 over a one-year period.
Aug 11, 2021 08:00 am ET
Customers Bancorp Announces Full Redemption of Series C Preferred Stock and Series D Preferred Stock
Customers Bancorp, Inc. (NYSE: CUBI) announced today that on September 15, 2021, it will redeem all 2,300,000 shares (the “Redeemed Series C Preferred Shares") of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (ticker “CUBIPrC”) (the “Series C Preferred Stock”). The redemption price will be equal to $25 per Redeemed Series C Preferred Share. After giving effect to the redemption, no shares of the Series C Preferred Stock will remain outstanding.
Aug 06, 2021 04:30 pm ET
Customers Bancorp Announces Closing of $100,000,000 Senior Notes Offering
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively the "Company" or "Customers"), today announced the closing of its underwritten public offering of $100 million aggregate principal amount of its 2.875% Fixed-to-Floating Rate Senior Notes due 2031 (the “Notes”). Interest on the Notes will accrue at a fixed rate equal to 2.875% per annum from the original issue date to, but excluding, August 15, 2026, payable semiannually in arrears, and a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term SOFR (as defined in the Not
Jul 30, 2021 08:30 am ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock
Customers Bancorp, Inc. (NYSE: CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE: CUBIPrC) of $0.34620622 per share. The dividend is payable on September 15, 2021 to shareholders of record on August 31, 2021.
Jul 28, 2021 05:30 pm ET
Customers Bancorp Reports Second Quarter 2021 Results
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively "Customers" or "CUBI"), today reported second quarter 2021 ("Q2 2021") net income to common shareholders of $58.0 million, or $1.72 per diluted share, up from first quarter 2021 ("Q1 2021") net income to common shareholders of $33.2 million, or $1.01 per diluted share. Q1 2021 results included a net loss from discontinued operations of $38.0 million, which reduced GAAP earnings by $1.16 per diluted share, resulting from the divestiture of BankMobile Technologies, Inc. on January 4, 2021. Core earnings for
Jul 28, 2021 01:00 pm ET
Customers Bank Partners with SBA on PPP Loan Forgiveness Portal
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.
Jul 13, 2021 08:00 am ET
 Customers Bancorp, Inc. Announces Andrew B. Sachs as New General Counsel
Customers Bancorp, Inc. (NYSE: CUBI) announced today that Andrew B. Sachs, an attorney with nearly 13 years of experience in the areas of securities and corporate law with a focus on advising companies and their boards on a variety of growth and expansion issues, has joined as Executive Vice President, General Counsel and Corporate Secretary. He replaces Michael A. DeTommaso, who is retiring from these roles. DeTommaso will remain with the bank as a Senior Legal Advisor through year’s end to assist with the transition.
Jul 12, 2021 08:16 am ET
Customers Bancorp, Inc. to Host Second Quarter 2021 Earnings Webcast on July 29, 2021
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Thursday, July 29, 2021, to report its earnings results for the three months ending June 30, 2021. The call will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp Head of Corporate Development and Customers Bank President & CEO Sam Sidhu, Chief Financial Officer Carla Leibold, and Chief Credit Officer Andrew Bowman.
Jun 17, 2021 08:30 am ET
Customers Bank Announces Promotions and New Hire in Accounting Department
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.
Jun 08, 2021 08:37 am ET
Customers Bank Promotes Jennifer Frost to Executive Vice President, Chief Administrative Officer
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.
Jun 03, 2021 11:00 am ET
Customers Bank Expands Fund Financing Focus With Strategic Hires
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.
Jun 03, 2021 08:30 am ET
Customers Bank Ranked Among Top Producing Mortgage Lenders by Pennsylvania Housing Finance Agency for Fourth Consecutive Year
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.
May 26, 2021 09:44 am ET
Customers Bancorp Shareholders Overwhelmingly Approve Proposals in Online Annual Meeting
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.
May 20, 2021 08:00 am ET
Customers Bank Partners with Tassat to Implement a Blockchain-Based B2B Payments Network to Meet Needs of Business Clients
Customers Bank, known for its high tech/high touch approach, has business clients in industries such as financial exchanges, commercial real estate, healthcare, hospitality, insurance, accounting, alternative energy, and manufacturing who will benefit from this capability immediately. The bank has been a leader in digital financial solutions since 2015, launching innovative offerings to millions of Americans through several platforms including its BankMobile student loan refund program, and partnerships with T-Mobile Money, and many notable fintech partners. The BankMobile division was spun-of
May 11, 2021 12:38 pm ET
Customers Bank Ramps Up National Expansion
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.
May 11, 2021 12:37 pm ET
Customers Bank Continues National Expansion
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.
May 11, 2021 12:37 pm ET
Customers Bank Furthers National Expansion
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.
May 11, 2021 08:30 am ET
Customers Bank Continues National Expansion
Customers Bank is building upon its national recognition for providing innovative banking products and services to commercial and consumer clients to advance its national expansion. The next phase of the national expansion will include new offices in Florida and Texas, and an expansion of its presence in the Midwest.
Apr 30, 2021 03:00 pm ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock
Customers Bancorp, Inc. (NYSE:CUBI) announced the Board of Directors declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE: CUBIPrC) of $0.350359 per share. The dividend is payable on June 15, 2021 to shareholders of record on May 31, 2021.
Apr 28, 2021 05:45 pm ET
Customers Bancorp Reports First Quarter 2021 Results
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively "Customers" or "CUBI"), today reported first quarter 2021 ("Q1 2021") net income to common shareholders of $33.2 million, or $1.01 per diluted share, down from fourth quarter 2020 ("Q4 2020") net income to common shareholders of $52.8 million, or $1.65 per diluted share. Q1 2021 results included a net loss from discontinued operations of $38.0 million, which reduced GAAP earnings by $1.16 per diluted share. Core earnings for Q1 2021 totaled $70.3 million, or $2.14 per diluted share, up from Q4 2020 core ea
Apr 12, 2021 08:00 am ET
Customers Bancorp, Inc. to Host First Quarter 2021 Earnings Webcast on April 29, 2021
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Thursday, April 29, 2021, to report its earnings results for the three months ending March 31, 2021. The call will be conducted by Chair & CEO Jay Sidhu, President & COO Dick Ehst, Head of Corporate Development Sam Sidhu (who, it has been announced, will become President of Customers Bancorp and President & CEO of Customers Bank on July 1), Chief Financial Officer Carla Leibold, and Chief Credit Officer Andrew Bowman.
Mar 29, 2021 04:30 pm ET
Richard A. Ehst to Retire as Customers Bank’s President and Chief Executive Officer After 50-Year Banking Career; Sam Sidhu Named as Successor
After more than a half-century of successful banking leadership, Richard A. (“Dick”) Ehst will retire from his post as President and Chief Executive Officer of Customers Bank, a subsidiary of Customers Bancorp, Inc. (NYSE:CUBI). Samvir (“Sam”) Sidhu, currently Vice Chairman and Chief Operating Officer, has been named as Ehst’s successor. The retirement and succession are effective July 1, 2021.
Mar 05, 2021 08:30 am ET
Customers Bank Backs SBA’s Stronger Support for Sole Proprietors, Independent Contractors, Self-Employed Individuals, as well as Mom-and-Pop Businesses
In response to the Biden-Harris Administration’s request to make PPP loans more equitable and accessible to these individuals and businesses, on March 3rd, 2021 the SBA announced a new PPP application that changes the method used to determine the amount of federal stimulus for sole proprietors. For companies without employees, the calculation was based on a sole proprietor’s net profit, on line 31 of Schedule C. The new application will allow sole proprietors to choose whether they file using net profits or use gross income, line 7 of Schedule C, to determine the PPP loan amount. The new appli
Feb 22, 2021 01:01 pm ET
Customers Bank Introduces ReStart America Biz Checking Account
Customers Bank, a top-5 nationally ranked PPP lender that participated in more than 100,000 SBA-approved PPP loans during the first rounds of the federal stimulus providing an aggregate value of more than $5 billion to small businesses, announced its newest financial account designed specifically to help businesses through this next phase of recovery. The ReStart America Biz Checking account provides a 1.00% APY* for 28 weeks.
Jan 28, 2021 04:30 pm ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock
Customers Bancorp, Inc. announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE: CUBIPrC) of $0.34478125 per share. The dividend is payable on March 15, 2021 to shareholders of record on February 28, 2021.
Jan 27, 2021 06:30 pm ET
Customers Bancorp Reports Record Fourth Quarter 2020 Results
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively “Customers” or "CUBI"), today reported fourth quarter 2020 ("Q4 2020") net income to common shareholders of $52.8 million or $1.65 per diluted share, up from third quarter 2020 ("Q3 2020") net income to common shareholders of $47.1 million or $1.48 per diluted share. Core earnings for Q4 2020 totaled $52.6 million or $1.65 per diluted share, up from Q3 2020 core earnings of $38.2 million or $1.20 per diluted share (non-GAAP measures). Net interest margin, tax equivalent ("NIM") expanded 28 basis points dur
Jan 22, 2021 02:00 pm ET
Customers Bank Among the Top PPP Round 3 Lenders
Customers Bank has well over 50,000 Paycheck Protection Program (PPP) loans in process and expects to begin work on tens of thousands of additional applications in coming days, announced the $19 billion Pennsylvania-based super community bank.
Jan 19, 2021 09:32 am ET
Customers Bank Ranked 6th by Bankrate as a Best Online Bank of 2021
Customers Bank was recently identified as one of the “Best Online Banks of 2021” by Bankrate. The news service – which provides consumer and commercial audiences with unbiased analysis of rate information, industry news and knowledge to make informed financial decisions – gathered information and reviewed thousands of data points to determine the best banks in the nation. Customers Bank finished among the top six.
Jan 14, 2021 08:00 am ET
Customers Bancorp, Inc. to Host Fourth Quarter 2020 Earnings Webcast on January 28, 2021
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Thursday, January 28, 2021, to report its earnings results for the three months ending December 31, 2020. The call will be conducted by Chair & CEO Jay Sidhu, President & COO Dick Ehst, Head of Corporate Development Sam Sidhu, Chief Financial Officer Carla Leibold, and Chief Credit Officer Andrew Bowman.
Jan 12, 2021 12:00 pm ET
Customers Bank Opens PPP Loan Application Portal; Will Also Provide White Label Turnkey Solution for Other Lenders
Customers Bank (NYSE: CUBI), one of the nation’s top Paycheck Protection Program (PPP) Lenders in 2020, began late yesterday to take applications for the new round of government-guaranteed loans designed to help small business maintain employment with wages and health benefits. The bank participated in more than 100,000 PPP loans totaling over $5 billion in the first rounds of PPP and believes it will participate in tens of thousands of additional PPP loans in 2021.
Jan 05, 2021 09:06 am ET
Customers Bancorp Announces Successful Completion of BankMobile Divestiture
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively “Customers”), is pleased to announce that it has completed its planned divestiture of its BankMobile business.
Dec 29, 2020 04:05 pm ET
Customers Bancorp Listed in Kiplinger’s 6 Best Financial Stocks to Buy in 2021
Customers Bancorp (NYSE:CUBI) was recently identified as one of the “best financial stocks to buy” in 2021 by Kiplinger. The publication looked at the financial sector, one of the hardest-hit segments of the market, to identify the most promising investment opportunities following the Federal Reserve’s move to give big banks the approval to resume share buybacks in the first quarter of 2021, after a six-month ban.
Dec 28, 2020 09:23 am ET
Customers Bank Wins Prestigious Global Everbridge Critical Event Management Impact Award
Customers Bank was selected as the winner of the highly coveted 2020 Best Example of Making an Impact on Business Award presented by Everbridge, an organization focused on life-saving efforts through its global Critical Event Management (CEM) platform. The largest global emergency of 2020 was the outbreak and ensuing pandemic created by the novel coronavirus.
Dec 21, 2020 09:48 pm ET
Customers Bancorp Provides Additional Information About BankMobile Divestiture
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank and its operating division BankMobile (collectively “Customers”), today announced that it has been informed by Megalith Financial Acquisition Corp. (“Megalith”) that at Megalith's previously announced special meeting of stockholders its stockholders voted in favor of all proposals relating to the proposed business combination between Megalith and BankMobile Technologies, Inc. (“BankMobile”).
Dec 11, 2020 06:45 am ET
Customers Bancorp Discloses Favorable Mid-Quarter Financial Trends
Customers Bancorp (NYSE: CUBI) (“the Company”) is hosting a special webcast at 10 a.m. EST today with the investment community to discuss the pending divestiture of BankMobile Technologies, Inc. and offer commentary regarding the Company’s mid-quarter financial performance. Registration information for the webcast and other details are provided later in this release.
Dec 09, 2020 09:08 am ET
Customers Bancorp Announces Record Date For Conditional Special Distribution In Connection With BankMobile Divestiture
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank and its operating division BankMobile (collectively “Customers”), today announced that its Board of Directors has set December 18, 2020 as the record date for the previously announced conditional special distribution to be made to Customers Bancorp shareholders in connection with the pending transaction between Customers and Megalith Financial Acquisition Corp. (“Megalith”). At 10:00 AM EST on Friday, December 11, 2020, there will be a special webcast for investors and analysts. Registration information and other detail
Nov 20, 2020 01:30 pm ET
Customers Bank Adopts “Appointment-Only” Service for Branch Lobbies; Other Services Remain Available
Customers Bank continues to closely monitor developments related to the novel coronavirus. At this time, the bank is prioritizing the health and wellbeing of our clients, Team Members, and the public at large by instituting appointment-only service in all branch and office locations. Drive-thru windows, ATMs and night depositories are available as usual.
Nov 17, 2020 09:00 am ET
Customers Bank Joins MaxMyInterest Platform to Offer Ultra-Fast Account Opening and Premium Interest Rates
Customers Bank (NYSE: CUBI), a digital-first, fintech-forward financial institution with a growing national presence, today announced its nationwide collaboration with
Nov 09, 2020 08:30 am ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock
Customers Bancorp, Inc. announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE: CUBIPrC) of $0.350753 per share. The dividend is payable on December 15, 2020 to shareholders of record on November 30, 2020.
Nov 03, 2020 05:20 pm ET
Customers Bancorp Announces Plans to Distribute Shares of BM Technologies’ Common Stock Directly to Stockholders
As disclosed on August 6, 2020, Megalith Financial Acquisition Corp. (“Megalith”), MFAC Merger Sub Inc. (“Merger Sub”), BankMobile Technologies, Inc. (“BankMobile”), and Customers Bank (“the Bank”) entered into a merger agreement. This agreement provided that a portion of the consideration payable to the Bank in connection with the merger would be paid in shares of Megalith's Class A common stock to the Bank. On November 2, 2020, these parties along with Customers Bancorp amended the terms of the agreement such that, most notably, the shares received as payment will now be issued directly to t
Oct 28, 2020 05:46 pm ET
Customers Bancorp Reports Record Third Quarter 2020 Results
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank and its operating division BankMobile (collectively “Customers” or "CUBI"), today reported third quarter 2020 ("Q3 2020") net income to common shareholders of $47.1 million, or $1.48 per diluted share. Core earnings (a non-GAAP measure) for Q3 2020 totaled $38.2 million. or $1.20 per diluted share.
Oct 13, 2020 08:30 am ET
Customers Bancorp, Inc. to Host Third Quarter 2020 Earnings Webcast on October 29, 2020
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Thursday, October 29, 2020, to report its earnings results for the three months ending September 30, 2020. The call will be conducted by Chair & CEO Jay Sidhu, President & COO Dick Ehst, Head of Corporate Development Sam Sidhu, Chief Financial Officer Carla Leibold, and Chief Credit Officer Andrew Bowman.
Sep 15, 2020 08:30 am ET
Customers Bancorp Discloses Healthy Credit Quality & Declining Loan Deferrals; Reiterates Financial Guidance
Over the last decade, Customers Bancorp and its principal subsidiary, Customers Bank (the “Bank”), have developed a suite of commercial and retail loan products with one particularly important common denominator: relatively low credit risk assumption. The Bank’s multifamily, mortgage warehouse, and specialty finance lines of business, for example, are characterized by conservative underwriting standards and low loss rates. As a consequence of this emphasis, the Bank’s credit quality to-date has been healthy despite a highly adverse economic environment. Nonperforming assets increased slightly
Aug 17, 2020 07:00 am ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock
Customers Bancorp, Inc. announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE: CUBIPrC) of $0.357778 per share. The dividend is payable on September 15, 2020 to shareholders of record on August 31, 2020.
Aug 06, 2020 09:00 am ET
BankMobile Technologies, a Subsidiary of Customers Bank, and Megalith Financial Acquisition Corp. Agree to Combine to Bring a Digital Banking Platform to the Public Market under the New Name BM Techno
BankMobile Technologies, a subsidiary of Customers Bank (NYSE: CUBI), and one of America’s largest digital banking platforms, and Megalith Financial Acquisition Corp (NYSE: MFAC) (“MFAC”), a special purpose acquisition company, announced today that they have entered into a definitive merger agreement. Upon closing of the transaction, the combined company (the “Company”) will operate as BM Technologies Inc. and expects to be listed on the NYSE. The transaction reflects an enterprise value for the Company of $140 million. All BMT serviced deposits and loans will remain at Customers Bank immediat
Aug 05, 2020 09:00 am ET
 Customers Bank Names Eric Holmquist as Executive Vice President, Chief Risk Officer
Customers Bank is pleased to announce Eric Holmquist joined the institution as Executive Vice President and Chief Risk Officer. Holmquist has more than thirty-five years of financial industry expertise, spanning enterprise risk management, executive reporting, information management programs, and is skilled in creating operational efficiency and risk alignment.
Jul 30, 2020 07:38 am ET
Customers Bancorp Reports Strong Second Quarter 2020 Results
Customers Bancorp, Inc. (NYSE: CUBI) the parent company of Customers Bank and its operating division BankMobile (collectively “Customers” or "CUBI"), today reported second quarter 2020 ("Q2 2020") net income to common shareholders of $19.1 million, or $0.61 per diluted share. Core earnings (a non-GAAP measure) for Q2 2020 totaled $19.2 million, or $0.61 per diluted share.
Jul 21, 2020 03:00 pm ET
Customers Bancorp, Inc. to Host Second Quarter 2020 Earnings Webcast on July 30, 2020
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Thursday, July 30, 2020, to report its earnings results for the three months ending June 30, 2020. The call will be conducted by Chair Jay Sidhu, President & CEO Dick Ehst, Vice Chair Sam Sidhu, and CFO Carla Leibold.
Jun 25, 2020 08:30 am ET
Customers Bancorp Appoints Robert Buford of Chicago to Board of Directors
Robert John Buford, 71, of Chicago, Illinois, was appointed to the Board of Directors of Customers Bancorp, Inc. a bank holding company headquartered in Wyomissing, Pennsylvania and providing financial services through its subsidiary Customers Bank with assets of $12 billion at March 31, 2020.
Jun 18, 2020 11:00 am ET
Customers Bank Appoints Industry Veteran Daniel Park as Senior Vice President, Treasurer
Customers Bank is pleased to announce industry veteran Daniel Park has joined the bank as Senior Vice President and Treasurer. Park will use his three decades of experience to enhance interest rate risk management processes, integrate capital and liquidity stress testing into corporate planning, as well as optimize funding, liquidity and capital management to maximize the bank’s profitability and fortify financial resilience.
Jun 15, 2020 09:00 am ET
Customers Bank Expands Senior Leadership Team, Names Andrew Bowman to Office of the Chair
Customers Bank announced it elevated Andrew Bowman, to Senior Executive Vice President and a member of the Office of the Chair. In January, he was named Chief Credit Officer, a role he continues to hold. Bowman will rely on his vast front-end and back-end credit experience, as well as his experience helping clients navigate complex economic uncertainty to share his perspective with the bank’s highest level of management.
May 29, 2020 12:28 pm ET
Customers Bancorp Shareholders Overwhelmingly Approve Proposals at Annual Meeting
Shareholders of Customers Bancorp, Inc. (NYSE:CUBI) – parent of Customers Bank, a leading super-community bank with operations in Pennsylvania, Metro DC, Illinois, New Jersey, New York and New England; and BankMobile, one of the fastest growing mobile-first banking solutions; met in a virtual annual meeting Wednesday, May 27 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.
May 21, 2020 12:34 pm ET
Customers Bank Preserves Estimated 1 Million Jobs Across America; Originating over 80,000 PPP Loans; Supports Local Communities with Charitable Grants; Protects Team Members and Clients; Celebrates “F
Customers Bank (NYSE:CUBI), with fintech partners, has for the past several weeks been working with thousands of small businesses to take advantage of the second round of Paycheck Protection Program (PPP) loan funding. The East Coast-based super community bank, already a national SBA/government guaranteed lending leader, expanded well beyond its geographic footprint originating over 80,000 PPP loans nationwide helping to provide payroll for an estimated 1 million employees across America.
May 04, 2020 07:26 am ET
Customers Bancorp Reports First Quarter 2020 Net Income of $7.0 Million, or $0.22 Per Diluted Share
Customers Bancorp, Inc. (NYSE: CUBI) the parent company of Customers Bank and its operating division BankMobile (collectively “Customers” or "CUBI"), today reported first quarter 2020 ("Q1 2020") net income to common shareholders of $7.0 million, or $0.22 per diluted share. Core earnings for Q1 2020 totaled $8.1 million, or $0.26 per diluted share.
Apr 27, 2020 04:51 pm ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock
Customers Bancorp, Inc. announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE: CUBIPrC) of $0.4375 per share. The dividend is payable on June 15, 2020 to shareholders of record on May 29, 2020.
Apr 22, 2020 04:30 pm ET
Customers Bancorp, Inc. to Host First Quarter 2020 Earnings Call on May 4, 2020
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), announced today that it will host a conference call at 11:00 AM EDT on Monday, May 4, 2020 to discuss its earnings results for the three months ending March 31, 2020. Additional comments and data will be provided regarding the Bank’s participation in the SBA Paycheck Protection Program (PPP) which is extending into the second financial quarter.
Apr 10, 2020 01:33 pm ET
Customers Bank Increases its PPP Commitment to $500 Million, Using OakNorth to Help Support America’s Small and Medium-sized Businesses
Customers Bank (NYSE:CUBI) has processed loan applications totaling more than $200 million to help save American businesses and is expanding its capacity to process loans under the federal Paycheck Protection Program (PPP).
Mar 13, 2020 01:30 pm ET
Customers Bank Strongly Supports Small Business Administration’s Response to Offer Disaster Relief Lending
The Small Business Administration (SBA) has taken swift action to offer support to small business owners who have been impacted by the economic implications of the novel Coronavirus (COVID-19). The SBA announced yesterday that it is working with state Governors and will provide up to $2 million in targeted, low-interest disaster recovery loans to companies severely affected by the Coronavirus.
Mar 11, 2020 08:40 am ET
Customers Bancorp Expects to Report Continued Margin Expansion and Stable Operating Metrics for Q1 2020
Speaking with some investors after the close of market on Tuesday, March 10, 2020, Customers Bancorp, Inc. (NYSE: CUBI) Chairman & CEO Jay Sidhu disclosed the following:
Feb 13, 2020 07:30 am ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock
Customers Bancorp, Inc. (NYSE: CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE: CUBIPrC) of $0.4375 per share. The dividend is payable on March 16, 2020 to shareholders of record on February 28, 2020.
Jan 22, 2020 04:54 pm ET
Customers Bancorp Reports Full Year 2019 Net Income up 13% Over Full Year 2018 and Fourth Quarter 2019 Net Income up 68% Over Fourth Quarter 2018
Customers Bancorp, Inc. (NYSE: CUBI) the parent company of Customers Bank and its operating division BankMobile (collectively “Customers” or "CUBI"), today reported record fourth quarter 2019 ("Q4 2019") net income to common shareholders of $23.9 million, or $0.75 per diluted share, up from $23.5 million in third quarter 2019 ("Q3 2019") and $14.2 million in fourth quarter 2018 ("Q4 2018"). Core earnings for Q4 2019 totaled $24.3 million, or $0.76 per diluted share, up from $23.0 million in Q3 2019 and $17.0 million in Q4 2018 (non-GAAP measures). Q4 2019 core earnings per diluted share was up
Jan 22, 2020 07:30 am ET
Customers Bancorp Outlines Vision 2025 and Customers Bank’s Succession Plan with Recruitment of Chief Operating Officer and Several Internal Promotions
Customers Bank, the banking subsidiary of Customers Bancorp, Inc. (NYSE:CUBI) (collectively “Customers”), today announced a series of senior executive promotions and recruitment of a very experienced top executive as its Vice Chairman and Chief Operating Officer, as it sets its sights towards creating a growing high performing bank in this rapidly evolving new environment for commercial banks. “Our Board of Directors and top management have been very focused over the past few months on a core strategy for the future, with increased emphasis on talent acquisition, development and retention that
Jan 10, 2020 05:06 pm ET
Customers Bancorp, Inc. to Host Fourth Quarter 2019 Earnings Call on January 23, 2020
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), announced today that it will host a conference call at 9:00 AM EST on Thursday, January 23, 2020 to discuss its earnings results for the three months and year ending December 31, 2019. The fourth quarter 2019 earnings press release will be issued after market close on Wednesday, January 22, 2020.
Dec 09, 2019 03:00 pm ET
Customers Bancorp Announces Closing of $74,750,000 Subordinated Notes Offering Including Full Exercise of Overallotment Option
Customers Bancorp, Inc. (NYSE: CUBI) the parent company of Customers Bank and its operating division BankMobile (collectively the “Company” or “Customers”), today announced the closing of its previously announced underwritten public offering of $74,750,000 aggregate principal amount of 5.375% Subordinated Notes due 2034, which included $9,750,000 of Subordinated Notes issued pursuant to the full exercise by the underwriters of their overallotment option. The price to the purchasers was 100% of the principal amount of the Subordinated Notes. Interest will be payable quarterly in arrears on each
Dec 04, 2019 04:44 pm ET
Customers Bancorp Announces Pricing of $65 Million Subordinated Notes Offering Rated “BBB-” by Kroll Bond Rating Agency*
Customers Bancorp, Inc. (NYSE: CUBI) the parent company of Customers Bank and its operating division BankMobile (collectively the “Company” or “Customers”), today announced the pricing of its underwritten public offering of $65 million aggregate principal amount of 5.375% Subordinated Notes due 2034 (the “Subordinated Notes”). The price to the purchasers was 100% of the principal amount of the Subordinated Notes. Interest will be payable quarterly in arrears on each March 30, June 30, September 30 and December 30 of each year beginning on March 30, 2020. The Company has granted the underwriter
Dec 04, 2019 08:25 am ET
Customers Bancorp Commences Public Offering of Subordinated Notes Rated “BBB-” by Kroll Bond Rating Agency*
Customers Bancorp, Inc. (NYSE: CUBI) the parent company of Customers Bank and its operating division BankMobile (collectively the “Company” or “Customers”), today announced that it has commenced an underwritten public offering of $35 million aggregate principal amount of Subordinated Notes due 2034 (the “Subordinated Notes”). The Company expects to grant the underwriters of the offering an option to purchase up to an additional 15% of the aggregate principal amount of the Subordinated Notes sold, at the public offering price, less the underwriting discounts, to cover over-allotments, if any. T
Nov 14, 2019 04:45 pm ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock
Customers Bancorp, Inc. announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE: CUBIPrC) of $0.4375 per share. The dividend is payable on December 16, 2019 to shareholders of record on November 30, 2019.
Oct 23, 2019 04:15 pm ET
Customers Bancorp Reports Record Net Income For Third Quarter 2019
Customers Bancorp, Inc. (NYSE: CUBI) the parent company of Customers Bank and its operating division BankMobile (collectively “Customers” or "CUBI"), today reported third quarter 2019 ("Q3 2019") net income to common shareholders of $23.5 million, or $0.74 per diluted share, up from $5.7 million in second quarter 2019 ("Q2 2019") and $2.4 million in third quarter 2018 ("Q3 2018"). Core earnings for Q3 2019 totaled $23.0 million, or $0.73 per diluted share (a non-GAAP measure), up from $12.1 million in Q2 2019 and $20.1 million in Q3 2018 (non-GAAP measures). Core Q3 2019 diluted earnings per s
Oct 11, 2019 04:45 pm ET
Customers Bancorp, Inc. to Host Third Quarter 2019 Earnings Call on October 24, 2019
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), announced today that it will host a conference call at 9:00 AM EDT on Thursday, October 24, 2019 to discuss its earnings results for the three and nine months ending September 30, 2019. The third quarter 2019 earnings press release will be issued after market close on Wednesday, October 23, 2019.
Oct 01, 2019 08:45 am ET
Customers Bank Promotes AnNette Hines to Director of Cultural Advancement
Customers Bank, a leading super-community bank with operations in Pennsylvania, Illinois, New Jersey, New York and New England, announced today that AnNette Hines has been promoted to Director of Cultural Advancement.
Sep 17, 2019 08:30 am ET
Customers Bank Now Offers Banking Services to Hemp Permit Holders in Pennsylvania and New York
Customers Bank, a leading super-community bank with operations in Pennsylvania, District of Columbia, Illinois, New Jersey, New York and New England, announced today the Bank will start providing commercial banking services to hemp and hemp-derived cannabidiol (CBD) companies that are permit holders in Pennsylvania and New York.
Aug 16, 2019 07:00 am ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock
Customers Bancorp, Inc. announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE: CUBIPrC) of $0.4375 per share. The dividend is payable on September 16, 2019 to shareholders of record on August 30, 2019.
Jul 24, 2019 04:15 pm ET
Customers Bancorp Reports Net Income For Second Quarter 2019
Customers Bancorp, Inc. (NYSE: CUBI) the parent company of Customers Bank and its operating division BankMobile (collectively “Customers” or "CUBI"), today reported second quarter 2019 ("Q2 2019") net income to common shareholders of $5.7 million, or $0.18 per diluted share. Core earnings for Q2 2019, which excludes losses related to interest-only GNMA securities acquired from a mortgage warehouse customer of $7.5 million, totaled $12.1 million, or $0.38 per diluted share (a non-GAAP measure). Net interest margin, tax equivalent ("NIM") (a non-GAAP measure), expanded 5 basis points during Q2 2
Jul 12, 2019 08:30 am ET
 Customers Bancorp, Inc. to Host Second Quarter 2019 Earnings Call on July 24, 2019
(July 12, 2019) - Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), announced today that it will host a conference call at 5:00 PM EDT on Wednesday, July 24, 2019 to discuss its earnings results for the three and six months ending June 30, 2019. The second quarter 2019 earnings press release will be issued after market close on Wednesday, July 24, 2019.
Jun 26, 2019 08:37 am ET
BankMobile Announces New Student Loan Refinancing Platform
BankMobile, a division of Customers Bank (NYSE: CUBI), and America's largest and fastest-growing mobile-first bank, today announced its new student loan refinancing platform, BankMobile Student Refi. The bank has partnered with LendKey...
Jun 12, 2019 08:30 am ET
Customers Bank Announces Leadership Changes in Its Commercial Real Estate Lending Division
Customers Bank, a leading super-community bank with operations in Pennsylvania, District of Columbia, Illinois, New Jersey, New York and New England, announced today that Barbara Bergman and Brett Long have both been promoted to Co-Managing Director, Commercial Real Estate Lending Group following the retirement of Kenneth Keiser, Executive Vice President, Group Director Multi-Family and Investment CRE Lending.
Jun 03, 2019 08:30 am ET
Customers Bancorp Shareholders Overwhelmingly Approve Proposals at Annual Meeting
Shareholders of Customers Bancorp, Inc. (NYSE:CUBI) – parent of Customers Bank, a leading super-community bank with operations in Pennsylvania, District of Columbia, Illinois, New Jersey, New York and New England; and BankMobile, one of the fastest growing mobile-first banking solutions; met at the Doubletree by Hilton Hotel in Reading, Pennsylvania on Thursday, May 30 and affirmed their support of corporate leadership with approval and adoption of a non-binding “say on pay” proposal, the company’s 2019 stock incentive plan, and approval of an
May 17, 2019 07:55 am ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock
Customers Bancorp, Inc. announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE: CUBIPrC) of $0.4375 per share. The dividend is payable on June 17, 2019 to shareholders of record on May 31, 2019.
Apr 24, 2019 04:30 pm ET
Customers Bancorp Reports Net Income For First Quarter 2019
Customers Bancorp, Inc. (NYSE: CUBI) the parent company of Customers Bank (collectively “Customers” or "CUBI"), today reported first quarter 2019 ("Q1 2019") net income to common shareholders of $11.8 million, or $0.38 per diluted share. Core earnings for Q1 2019 also totaled $11.8 million, or $0.38 per diluted share (a non-GAAP measure).
Apr 09, 2019 08:30 am ET
Customers Bancorp, Inc. to Host First Quarter 2019 Earnings Call on April 25, 2019
WYOMISSING, PA / ACCESSWIRE / April 9, 2019 / Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, ''Customers'') today announced that it will host a conference call at 9:00 AM EDT on Thursday, April 25, 2019 to discuss its earnings results for the three months ending March 31, 2019. The first quarter 2019 earnings press release will be issued after market close on Wednesday, April 24, 2019.
Mar 18, 2019 07:00 am ET
Customers Bank's CEO Jay Sidhu to Present at the 2019 Spring Investor Summit
WYOMISSING PA / ACCESSWIRE / March 18, 2019 / Customers Bank (NYSE: CUBI), a leading super-community bank with operations in Pennsylvania, District of Columbia, Illinois, New Jersey, New York and New England, announced that its Chairman and Chief Executive Officer, Jay Sidhu, will address attendees at the Spring Investor Summit on April 1, 2019 at the Essex House in New York. Mr. Sidhu will deliver remarks and address audience questions regarding the state of the industry; and the performance and prospects of Customers Bancorp, Customers Bank, and BankMobile.
Feb 15, 2019 07:00 am ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock
WYOMISSING, PA / ACCESSWIRE / February 15, 2019 / Customers Bancorp, Inc. announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE: CUBI) of $0.4375 per share. The dividend is payable on March 15, 2019 to shareholders of record on February 28, 2019.
Feb 14, 2019 07:00 am ET
Customers Bancorp, Inc. Expects 2020 Core EPS to Exceed $3.00, Up Over 35% From the 2019 Consensus
Earnings Expected to Show Significant Uptick Beginning in Second Half of 2019
Feb 07, 2019 07:00 am ET
Customers Bank Announces Leadership Changes in its Private & Commercial Banking Division in the New York Metro Market
WYOMISSING, PA / ACCESSWIRE / February 7, 2019 / Customers Bank (NYSE: CUBI), a leading super-community bank with operations in Pennsylvania, District of Columbia, Illinois, New York, New Jersey and New England, announced today changes in leadership of its Private and Commercial Banking Division.
Jan 24, 2019 04:25 pm ET
Customers Bancorp Reports Net Income for Fourth Quarter and Full Year 2018
WYOMISSING, PA / ACCESSWIRE / January 24, 2019 / Customers Bancorp, Inc. (NYSE: CUBI) the parent company of Customers Bank (collectively ''Customers''), today reported:
Jan 15, 2019 08:15 am ET
Customers Bank Announces Deferred Payments For Those Impacted By Government Shutdown
WYOMISSING, PA / ACCESSWIRE / January 15, 2019 / Customers Bank today announced that it will offer a 60-day deferment on principal and interest payments on consumer loans for borrowers who can demonstrate lost income due to the federal government partial shutdown. Late charges for deferred payments would be waived. "Following prudent lending practices, Customers Bank will work with borrowers who are experiencing hardships as a result of the shutdown," said Richard A. Ehst, President & COO of Customers Bank.
Jan 14, 2019 04:00 pm ET
Customers Bancorp, Inc. to Host Fourth Quarter 2018 Earnings Call on January 24, 2019
WYOMISSING, PA / ACCESSWIRE / January 14, 2019 / Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, "Customers") today announced that it will host a conference call at 5:00 PM ET on Thursday, January 24, 2019 to discuss its earnings results for the three months ending December 31, 2018. The fourth quarter 2018 earnings press release will be issued after market close that same day.
Dec 10, 2018 08:00 am ET
Customers Bancorp, Inc. Announces Share Buy Back
WYOMISSING, PA / ACCESSWIRE / December 10, 2018 / Customers Bancorp, Inc. (NYSE: CUBI) today announced that it intends to repurchase up to $15.8 million of common stock under its existing 2013 repurchase program. Customers' CEO Jay Sidhu added ''We believe our shares are significantly undervalued at current prices and the Board considers share repurchases a good use of excess capital today. We are eager to get started; once we have completed the existing authorization, our Board will evaluate possible additional authorizations.''
Nov 30, 2018 05:20 pm ET
Win $30,000 Toward a New Vehicle with Customers Bank’s Ascent Money Market Savings Account in December
Holiday sweepstakes will award one lucky winner with $30,000 toward the purchase of a new vehicle of their choice
Nov 26, 2018 08:00 am ET
Customers Bancorp Promotes Carla Leibold to Chief Financial Officer and Jeffrey Skumin to Chief Accounting Officer
WYOMISSING, PA / ACCESSWIRE / November 26, 2018 / Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively "Customers"), announced today that Carla Leibold was appointed to serve as the holding company and bank's Chief Financial Officer, and as a member of the bank's Office of the Chair effective Wednesday, November 21, 2018.
Nov 15, 2018 04:15 pm ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on its Series C, Series D, Series E, and Series F Preferred Stock
WYOMISSING, PA / ACCESSWIRE / November 15, 2018 / Customers Bancorp, Inc. (NYSE: CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE: CUBIPrC) of $0.4375 per share. The dividend is payable on December 17, 2018 to shareholders of record on November 30, 2018.
Oct 25, 2018 05:03 pm ET
Customers Bancorp Reports Net Income for Third Quarter 2018
WYOMISSING, PA / ACCESSWIRE / October 25, 2018 / Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively "Customers"), reported net income to common shareholders of $2.4 million for Q3 2018, compared to $4.1 million for Q3 2017, a decrease of $1.7 million, and $20.0 million for Q2 2018, a decrease of $17.6 million. Fully diluted earnings per common share for Q3 2018 was $0.07, compared to $0.62 for Q2 2018 and $0.13 for Q3 2017. Both Q3 2018 and Q3 2017 included significant notable items.
Oct 12, 2018 08:30 am ET
Customers Bancorp, Inc. to Host Third Quarter 2018 Earnings Call on October 26, 2018
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”) today announced that it will host a conference call at 9:00 AM ET on Friday, October 26, 2018 to discuss its earnings results for the three...
Oct 10, 2018 04:01 pm ET
Customers Bank Names Justin M. Mann as Treasurer
Customers Bank, the region’s leading super-community bank with operations in Pennsylvania, D.C., Illinois, New York, New Jersey and New England, is pleased to announce that Justin M. Mann has been appointed Treasurer of the Bank.  Mann, 41, joined...
Sep 18, 2018 10:15 am ET
Customers Bancorp, Inc. Reschedules Analyst Day to October 15, 2018
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”) today announced that it will has rescheduled its Analyst Day at the Harvard Club in New York City to Monday, October 15, 2018 from 2:30 PM ET to...
Sep 13, 2018 10:30 am ET
Customers Bank Deepens Roots with Philadelphia Businesses, Expands Commercial and Industrial Lending Office to Logan Square
Customers Bank, the region’s leading super-community bank with operations in Pennsylvania, D.C., Illinois, New York, New Jersey and New England, has opened a second Commercial Lending office in Philadelphia to address market growth and the needs of...
Sep 13, 2018 08:15 am ET
Customers Bancorp, Inc. To Host Analyst Day in New York on October 12, 2018
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”) today announced that it will host an Analyst Day at the Harvard Club in New York City on Friday, October 12, 2018 from 9:00 AM ET to 12:30 PM ET....
Sep 10, 2018 10:30 am ET
Customers Bank Expands Leadership Roles, Names George Maroulis and Timothy D. Romig as Market Presidents and to the Office of the Chair
Customers Bank, the region’s leading super-community bank with operations in Pennsylvania, D.C., Illinois, New York, New Jersey and New England, is pleased to share that it has named two new leaders to the Office of the Chair: George Maroulis,...
Aug 29, 2018 09:00 am ET
Customers Bank’s Jay Sidhu Discusses Innovation, High Performance at Midwest IDEAS Investor Conference
Customers Bank, the region’s leading super-community bank with operations in Pennsylvania, D.C., Illinois, New York, New Jersey and New England, announced that its Chairman and Chief Executive Officer, Jay Sidhu, will address attendees today at the...
Aug 14, 2018 04:15 pm ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock
Customers Bancorp, Inc. announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE: CUBIPrC) of $0.4375 per share.  The dividend is payable on...
Jul 26, 2018 12:35 pm ET
Customers Bank’s Residential Mortgage Team Adds New Members to Meet Growing Need
Customers Bank, the region’s leading super-community bank with operations in Pennsylvania, D.C., Illinois, New York, New Jersey and New England, announced that Christopher Claffey, Rosa Hernandez, and Caroline Sabatini have joined its Residential...
Jul 25, 2018 04:15 pm ET
Customers Bancorp Reports Net Income For Second Quarter 2018
Customers Bancorp, Inc. (NYSE:CUBI), the parent company of Customers Bank (collectively “Customers”), reported net income to common shareholders of $20.0 million for Q2 2018, compared to $20.1 million for Q2 2017, a decrease of $0.1 million, or...
Jul 24, 2018 10:00 am ET
Customers Bank Delivers Insight, Expertise at 2018 EB-5 Convention
Customers Bank, the region’s leading super-community bank with operations in Pennsylvania, D.C., Illinois, New York, New Jersey and New England, shared its insight and expertise in EB-5 funding at the 2018 EB-5 Convention in Los Angeles this week...
Jul 20, 2018 09:30 am ET
Customers Bancorp, Inc. to Host Second Quarter 2018 Earnings Call on July 25, 2018
Customers Bancorp, Inc. (NYSE:CUBI), the parent company of Customers Bank (collectively, “Customers”) today announced that it will host a conference call at 5:00 PM ET on Wednesday, July 25, 2018 to discuss its earnings results for the three months...
Jun 29, 2018 01:00 pm ET
Customers Bank President & COO, Richard Ehst, Joins President Trump to Discuss Tax Cuts and Jobs Act Progress Six Months After Passage
Customers Bank, the region’s leading super-community bank with operations in Pennsylvania, D.C., Illinois, New York, New Jersey and New England, announced that its President and Chief Operating Officer, Richard Ehst, joined President Donald Trump...
Jun 06, 2018 08:25 am ET
Recent Analysis Shows Clementia Pharmaceuticals, Superior Group of Companies, ACM Research, Atlantic Capital Bancshares, Customers, and GW Pharmaceuticals Market Influences — Renewed Outlook, Key Driv
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Clementia Pharmaceuticals Inc. (NASDAQ:CMTA), Superior Group of Companies,...
Jun 04, 2018 01:30 pm ET
Customers Bank Named SBA Preferred Lender
Customers Bank, the region’s leading super-community bank with operations in Pennsylvania, D.C., Illinois, New York, New Jersey and New England, has been granted Preferred Lender status under the United States Small Business Administration’s (SBA)...
May 11, 2018 04:15 pm ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock
Customers Bancorp, Inc. announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE:CUBIPrC) of $0.4375 per share.  The dividend is payable on...
May 07, 2018 07:30 am ET
Customers Bank Expands Residential Mortgage Lending Team
Customers Bank, the region’s leading super-community bank with operations in Pennsylvania, D.C., Illinois, New York, New Jersey and New England, is pleased to announce that it has expanded its residential mortgage team. The team, led by Lorie...
May 03, 2018 07:30 am ET
Customers Bancorp to Present at May Investor Conferences
Customers Bancorp, Inc. (CUBI), today announced plans to participate in the following investor conferences in the month of May, 2018.  At these events, the company expects to discuss its top strategic priorities for 2018, explain strategies to...
May 01, 2018 07:45 am ET
Customers Bank Opens Washington, D.C. Private & Commercial Banking Office and Adds Ronald K. Hobson to their Roster
WASHINGTON, May 01, 2018 (GLOBE NEWSWIRE) -- Customers Bank, a leading super-community bank with operations in Pennsylvania, District of Columbia, Illinois, New York, New Jersey and New England, is pleased to announce that its new Washington, D.C. office, part...
Apr 30, 2018 07:30 am ET
Customers Bancorp Reports First Quarter 2018 Net Income of $20.5 Million; Diluted EPS of $0.64
WYOMISSING, Pa., April 30, 2018 (GLOBE NEWSWIRE) -- Customers Bancorp, Inc. (NYSE:CUBI), the parent company of Customers Bank (collectively “Customers”), reported net income to common shareholders of $20.5 million for the first quarter of 2018 ("Q1 2018") compared...
Apr 27, 2018 09:00 am ET
Customers Bank Opens Chicago Private & Commercial Banking Office
CHICAGO, April 27, 2018 (GLOBE NEWSWIRE) -- Customers Bank, a leading super-community bank with operations in Pennsylvania, District of Columbia, Illinois, New York, New Jersey and New England, is pleased to announce that its new Chicago office, part of...
Apr 26, 2018 10:46 am ET
Customers Bank Adds a Banking Group to the Private & Commercial Banking Division In the New York Metro Market
WYOMISSING, Pa., April 26, 2018 (GLOBE NEWSWIRE) -- Customers Bank, a leading super-community bank with operations in Pennsylvania, District of Columbia, Illinois, New York, New Jersey and New England, announced today the addition of a new banking group...
Apr 11, 2018 04:15 pm ET
Customers Bancorp, Inc. to Host First Quarter 2018 Earnings Call on April 30, 2018
WYOMISSING, Pa., April 11, 2018 (GLOBE NEWSWIRE) -- Customers Bancorp, Inc. (NYSE:CUBI), the parent company of Customers Bank (collectively referred to as "Customers" or the “Company”), today announced that it will host a conference call at 11:00 AM...
Apr 11, 2018 08:10 am ET
Recent Analysis Shows Honda Motor Co., Summit Therapeutics, Atlassian, Customers, Toyota Motor, and Adient Market Influences — Renewed Outlook, Key Drivers of Growth
NEW YORK, April 11, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Honda Motor Co., Ltd. (NYSE:HMC), Summit...
Apr 03, 2018 03:00 pm ET
Customers Bank Named Top Minority Lender by Pennsylvania Housing Finance Agency
Honor recognizes Bank’s support and advocacy for minority homebuyers
Mar 16, 2018 08:20 am ET
Report: Developing Opportunities within Capital Product Partners, Adient, Arbutus Biopharma, GW Pharmaceuticals, Customers, and Laureate Education — Future Expectations, Projections Moving into 2018
NEW YORK, March 16, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Capital Product Partners L.P. (NASDAQ:CPLP), Adient...
Feb 14, 2018 05:30 pm ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock
WYOMISSING, Pa., Feb. 14, 2018 (GLOBE NEWSWIRE) -- Customers Bancorp, Inc. (NYSE:CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE:CUBIPrC) of $0.4375 per...
Jan 24, 2018 04:39 pm ET
Customers Bancorp Reports Fourth Quarter 2017 Net Income of $18.0 Million; Diluted EPS of $0.55
Full Year Net Income of $64.4 Million; Diluted EPS of $1.97
Jan 12, 2018 10:41 am ET
UPDATE -- Customers Bancorp, Inc. to Announce Fourth Quarter 2017 Earnings on Wednesday, January 24, 2018
Conference Call January 25, 2018
Jan 11, 2018 05:32 pm ET
Customers Bancorp, Inc. to Announce Fourth Quarter 2017 Earnings on Wednesday, January 24, 2018
Conference Call January 25, 2018
Jan 05, 2018 10:46 am ET
Customers Bank Announces Bonus Checking Earning 2.00% APY Following Passage of Tax Reform Bill
WYOMISSING, Pa., Jan. 05, 2018 (GLOBE NEWSWIRE) -- Customers Bank (NYSE:CUBI), one of the region’s leading community banks with operations in Pennsylvania, New York, New Jersey and New England, announced today that it will pass some of its...
Jan 02, 2018 04:20 pm ET
Customers Bancorp Expects Q4 2017 Net Charge From Tax Legislation and Other Tax Strategies of Less Than $2 Million, or $0.06 Cents a Share
The 14% Reduction in Federal Tax Rate is Expected to Increase Net Income 22% in 2018 and Future Years
Nov 20, 2017 06:02 pm ET
Customers Provides Updates to Planned BankMobile Spin-Off and Merger
On Target to End 2017 below $10 Billion with all capital Ratios Up 50+ bps From Q3
Nov 09, 2017 04:15 pm ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock
WYOMISSING, Pa., Nov. 09, 2017 (GLOBE NEWSWIRE) -- Customers Bancorp, Inc. (NYSE:CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE:CUBIPrC) of $0.4375 per...
Oct 25, 2017 04:15 pm ET
Customers Bancorp Reports Net Income for Third Quarter 2017 and First Nine Months 2017
Q3 2017 Net Income to Common Shareholders of $4.1 Million, or $0.13 Diluted Earnings Per Common Share, Down 77.8% and 79.4%, Respectively, From Q3 2016First Nine Months of 2017 Net Income to Common Shareholders of $46.4 Million, or $1.42 Diluted Earnings Per Common Share, Down 12.5% and 21.1%, Respectively, From First Nine Months of 2016Notable Charges to Net Income During Q3 2017 Totaled $15.6 Million, or $0.48 Diluted Earnings Per Common Share, For Change in BankMobile Disposition Strategy ($10.4 Million After Tax, or $0.32 Per Diluted Share), and Religare Equity Investment Impairment ($8.3 ...
Oct 23, 2017 04:01 pm ET
Customers Bank Launches Smart Money Financial Literacy Program for High School Students
WYOMISSING, Pa., Oct. 23, 2017 (GLOBE NEWSWIRE) -- Customers Bank (NYSE:CUBI), the region’s leading community bank, announces that it has launched the Smart Money Financial Literacy Program, a new, free education offering designed to introduce financial literacy skills to high school students, and help them build the financial capacity they need to successfully transition into adulthood....
Oct 19, 2017 05:05 pm ET
Customers Announces Plans for Tax-Free Spin-Off and Merger of BankMobile With Flagship Community Bank
WYOMISSING, Pa., Oct. 19, 2017 (GLOBE NEWSWIRE) -- Customers Bancorp, Inc. (NYSE:CUBI), the parent company of Customers Bank (collectively, “Customers”), today announced plans to spin-off its BankMobile business to shareholders.  The tax-free spin-off is expected to be followed by a merger of Customers’ BankMobile Technologies, Inc. subsidiary (“BMT”) into Clearwater Florida based Flagship Community Bank (“Flagship”), with Customers’ shareholders receiving shares of Flagship common stock in exchange for shares of BMT they receive in the spin-off.  Flagship is expected to separately purchase ...
Oct 19, 2017 04:16 pm ET
UPDATED: Customers Bancorp, Inc. to Host Third Quarter 2017 Earnings Call on October 25, 2017
WYOMISSING, Pa., Oct. 19, 2017 (GLOBE NEWSWIRE) -- Customers Bancorp, Inc.(NYSE:CUBI), the parent company of Customers Bank (collectively referred to as "Customers" or the “Company”), today announced that it will host a conference call at 5:00 PM ET on Wednesday, October 25, 2017 to discuss its earnings results for the three months ending September 30, 2017. The third quarter 2017 earnings press release will be issued prior to the start of the earnings call....
Jul 27, 2017 04:30 pm ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock
WYOMISSING, Pa., July 27, 2017 (GLOBE NEWSWIRE) -- Customers Bancorp, Inc. announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE:CUBIPrC) of $0.4375 per share.  The dividend is payable on September 15, 2017 to shareholders of record on August 31, 2017....
Jul 26, 2017 06:30 pm ET
Customers Bank Expands Private and Commercial Banking Division Into Chicago
CHICAGO, July 26, 2017 (GLOBE NEWSWIRE) -- Customers Bank, a community-based, full-service bank that is a subsidiary of Customers Bancorp, Inc. (NYSE:CUBI) with assets of approximately $9.9 billion, announced today that it is expanding its Private and Commercial Banking division into the Chicago metropolitan area. Leveraging the success of its high-tech, high-touch, single-point-of-contact model, the Bank will establish a limited-purpose office in downtown Chicago, subject to regulatory approval....
Jul 26, 2017 04:30 pm ET
Customers Bancorp Reports Net Income for Second Quarter 2017 and First Six Months of 2017
Q2 2017 Net Income to Common Shareholders of $20.1 million Up 15.4% Over Q2 2016Q2 2017 Net Income Includes a Net Loss from Discontinued Operations of $5.2 millionQ2 2017 Diluted Earnings Per Common Share of $0.62 Up 5.1% from Q2 2016Q2 2017 Net Income from Continuing Operations to Common Shareholders was $25.3 million Up 28.5% Over Q2 2016Q2 2017 Diluted Earnings Per Common Share from Continuing Operations was $0.78 Up 16.4% from Q2 2016First Six Months of 2017 Net Income to Common Shareholders of $42.2 million Up 23.1% Over First Six Months of 2016First Six Months of 2017 Diluted Earnings Pe...
Jul 26, 2017 08:30 am ET
Customers Bank Expands Private and Commercial Banking Division Into Washington, D.C.
WASHINGTON, D.C., July 26, 2017 (GLOBE NEWSWIRE) -- Customers Bank, a community-based, full-service bank that is a subsidiary of Customers Bancorp, Inc. (NYSE:CUBI) with assets of approximately $9.9 billion, announced today that it is expanding its Private and Commercial Banking division into the Washington, D.C. metropolitan area. Leveraging the success of its high-tech, high-touch, single-point-of contact model, the Bank will establish a limited-purpose office in downtown Washington, D.C., subject to regulatory approval....
Jul 24, 2017 08:30 am ET
Customers Bank Expands New York Metro Private and Commercial Banking Division Group
NEW YORK, July 24, 2017 (GLOBE NEWSWIRE) -- Customers Bank, a community-based, full-service bank that is a subsidiary of Customers Bancorp, Inc. with assets of approximately $9.9 billion, announced today that it has expanded its New York Metro Private and Commercial Banking Division group. The new team members will be based out of the division’s headquarters in Manhattan at 101 Park Avenue, Suite 1101 and in Melville, NY. They include:...
Jul 14, 2017 05:59 pm ET
Customers Bancorp, Inc. to Host Second Quarter 2017 Earnings Call on July 27, 2017
WYOMISSING, Pa., July 14, 2017 (GLOBE NEWSWIRE) -- Customers Bancorp, Inc. (NYSE:CUBI), the parent company of Customers Bank (collectively referred to as "Customers" or the “Company”), today announced that it will host a conference call at 9:00 AM ET on Thursday, July 27, 2017 to discuss its earnings results for the three months ending June 30, 2017. The second quarter 2017 earnings press release will be issued prior to the start of the earnings call....
Jun 30, 2017 04:15 pm ET
Customers Bancorp Announces Closing of $100 Million, 3.95% Senior Notes Offering
WYOMISSING, Pa., June 30, 2017 (GLOBE NEWSWIRE) -- Customers Bancorp, Inc. (the “Company”) (NYSE:CUBI), the parent company for Customers Bank, today announced the closing of its previously announced underwritten public offering of $100 million aggregate principal amount of 3.95% Senior Notes due 2022.  The price to the purchasers was 99.775% of the principal amount of the Senior Notes representing a yield-to-maturity of 4.0%....
Jun 28, 2017 08:19 pm ET
Customers Bancorp Announces Upsizing and Pricing of $100 Million, 3.95% Senior Notes Offering
WYOMISSING, Pa., June 28, 2017 (GLOBE NEWSWIRE) -- Customers Bancorp, Inc. (the “Company”) (NYSE:CUBI), the parent company for Customers Bank, today announced the pricing of its underwritten public offering of $100 million aggregate principal amount of 3.95% Senior Notes due 2022. Due to market demand, the Company increased the aggregate amount of the Notes to $100.0 million from the previously announced amount of $75.0 million. The price to the purchasers was 99.775% of the principal amount of the Senior Notes representing a yield-to-maturity of 4.0%. The offering is expected to close on ...
May 01, 2017 04:15 pm ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock
WYOMISSING, Pa., May 01, 2017 (GLOBE NEWSWIRE) -- Customers Bancorp, Inc. announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE:CUBIPrC) of $0.4375 per share.  The dividend is payable on June 15, 2017 to shareholders of record on May 31, 2017....
Apr 26, 2017 04:15 pm ET
Customers Bancorp Reports Record Q1 2017 Net Income
Q1 2017 Net Income to Common Shareholders of $22.1 million Up 31.0% Over Q1 2016Q1 2017 Diluted Earnings Per Common Share of $0.67 Up 15.5% from Q1 2016Q1 2017 Net Income to Common Shareholders from Continuing Operations was $23.3 million Up 29.3% Over Q1 2016Q1 2017 Diluted Earnings Per Common Share from Continuing Operations was $0.71 for Q1 2017 Up 14.5% from Q1 2016Q1 2017 Return on Average Assets of 1.09%Q1 2017 Return on Average Common Equity of 13.80%Book Value Per Common Share of $21.62 Up 12.5% from Q1 2016Q1 2017 Total Loans Up 5.1% to $8.3 billion, and Total Deposits Up 7.9% to $6.6...
Apr 12, 2017 04:15 pm ET
Customers Bancorp, Inc. to Host First Quarter 2017 Earnings Call on April 26, 2017
WYOMISSING, Pa., April 12, 2017 (GLOBE NEWSWIRE) -- Customers Bancorp, Inc. (NYSE:CUBI), the parent company of Customers Bank (collectively referred to as "Customers" or the “Company”), today announced that it will host a conference call at 5:00 PM ET on Wednesday, April 26, 2017 to discuss its earnings results for the three months ending March 31, 2017. The first quarter 2017 earnings press release will be issued prior to the start of the earnings call....
Mar 08, 2017 09:19 am ET
Customers Bancorp Executes Agreement to Sell BankMobile Division to Flagship Community Bank
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (together, "Customers"), today announced the execution of a Purchase and Assumption Agreement to sell the assets and liabilities of the BankMobile division of Customers Bank,...
Mar 08, 2017 08:15 am ET
Customers Bancorp Executes Agreement to Sell BankMobile Division to Flagship Community Bank
WYOMISSING, Pa., March 08, 2017 (GLOBE NEWSWIRE) -- Customers Bancorp, Inc. (NYSE:CUBI), the parent company of Customers Bank (together, “Customers”), today announced the execution of a Purchase and Assumption Agreement to sell the assets and liabilities of the BankMobile division of Customers Bank, including all deposits, technology, intellectual property and customer accounts, to Clearwater, Florida-based Flagship Community Bank (“Flagship”) for a total cash purchase price of $175 million.  After accounting for all expenses, this transaction is expected to create approximately $100 million...
Feb 02, 2017 07:00 am ET
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock
WYOMISSING, Pa., Feb. 02, 2017 (GLOBE NEWSWIRE) -- Customers Bancorp, Inc. announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE:CUBIPrC) of $0.4375 per share.  The dividend is payable on March 15, 2017 to shareholders of record on February 28, 2017....
Feb 01, 2017 04:15 pm ET
Customers Bank ranked among Forbes’ 2017 Best Banks in America
WYOMISSING, Pa., Feb. 01, 2017 (GLOBE NEWSWIRE) -- Customers Bank, a community-based, full-service bank with assets of approximately $9.4 billion, once again ranked among the best and largest banks in the nation in Forbes’ 2017 Best Banks in America ranking released in January 2017. Customers Bank was ranked 35th out of the 100 largest banks in America and is the #1 Pennsylvania-chartered bank on the list....
Jan 11, 2017 04:15 pm ET
Customers Bancorp, Inc. to Host 2016 Full Year and Fourth Quarter Earnings Call on January 26, 2017
WYOMISSING, Pa., Jan. 11, 2017 (GLOBE NEWSWIRE) -- Customers Bancorp, Inc. (NYSE:CUBI), the parent company of Customers Bank (collectively referred to as "Customers" or the “Company”), today announced that it will host a conference call at 9:00 AM ET on Thursday, January 26, 2017 to discuss its earnings results for the full year and three months ended December 31, 2016. The full year and fourth quarter 2016 earnings press release will be issued prior to the start of the earnings call....

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