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Customers Bancorp, Inc. (334.F)

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47.60
-0.80
(-1.65%)
At close: January 23 at 8:01:21 AM GMT+1

Key Executives

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in EUR.
NameTitlePayExercisedYear Born
Mr. Jay S. Sidhu Founder, Chairman & CEO 836.27k 2.32M 1952
Mr. Samvir S. Sidhu President & Vice Chairman 1.03M -- --
Mr. Lyle P. Cunningham Executive VP & Chief Banking Officer 787.02k -- 1964
Mr. Philip Watkins Executive VP & CFO -- -- 1985
Mr. Jessie John Deano Velasquez Executive VP & Chief Accounting Officer -- -- 1979
Nicholas Harris Executive VP & Chief Information Officer -- -- --
Mr. Andrew B. Sachs Esq. Executive VP, General Counsel & Corporate Secretary -- -- --
Mr. David W. Patti Director of Communications -- -- --
Ms. Lisa Walsh Executive VP & Chief People Officer -- -- --
Mr. Robert Fischer Senior Vice President, Relationship Manager and Member of the Lending Team -- -- --

Customers Bancorp, Inc.

701 Reading Avenue
West Reading, PA 19611
United States
610 933 2000 https://www.customersbank.com
Industry: 
Banks - Regional
Full Time Employees: 
812

Description

Customers Bancorp, Inc. operates as the bank holding company for Customers Bank that provides financial products and services to individual consumers, and small and middle market businesses. The company provides deposit banking products, which includes commercial and consumer checking, non-interest-bearing and interest-bearing demand, MMDA, savings, and time deposit accounts. Its lending business offers commercial and industrial, commercial real estate, and multifamily and residential mortgage loans; SBA lending and financing; specialty lending includes fund finance, real estate specialty finance, technology and venture, and healthcare and financial institutions group; commercial loans to mortgage companies, and commercial equipment financing; and fund finance, such as variable rate loans secured by collateral pools to private debt funds; and cash management services. In addition, the company provides digital banking including Banking-as-a-Service to fintech companies, payments and treasury services to businesses, and consumer loans through fintech companies and the TassatPay, a blockchain-based instant B2B payments platform which offers instant payments including over-the-counter desks, exchanges, liquidity providers, market makers, funds, and other B2B verticals. Further, it offers mobile phone and internet banking, wire transfers, electronic bill payment, lock box, remote deposit capture, courier, merchant processing, cash vault, controlled disbursements, positive pay, and cash management services, such as account reconciliation, collections, and sweep accounts. The company was incorporated in 2010 and is headquartered in West Reading, Pennsylvania.

Corporate Governance

Customers Bancorp, Inc.’s ISS Governance QualityScore as of January 1, 2025 is 4. The pillar scores are Audit: 4; Board: 7; Shareholder Rights: 5; Compensation: 2.
Corporate governance scores courtesy of Institutional Shareholder Services (ISS) Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.

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