- CEO
- Jay S. Sidhu
- Full Time Employees
- 787
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 701 Reading Avenue West Reading PA United States of America 19611
- IPO Date
- Sep 12, 2016
- Business
- Customers Bancorp, Inc. (NYSE: CUBI-PF) operates as a bank holding company for Customers Bank, providing a range of commercial banking products and services primarily to small and medium-sized businesses, the not-for-profit sector, and consumers; its core offerings include commercial and industrial loans, multifamily projects and equities, commercial real estate loans, SBA lending, marketplace lending, residential real estate loans, and consumer loans such as credit cards and home equity lines of credit, alongside deposit products like checking accounts, savings accounts, money market deposit accounts, and certificates of deposit. The company delivers digital banking solutions through its BankMobile division, which focuses on disintermediated deposit gathering and student disbursements for higher education institutions; it also offers cash management services, online reporting, mobile deposit capture, overdraft protection, online bill pay, wire transfers, ACH origination, and international and domestic payments. Customers Bancorp serves customers across the United States, with a particular emphasis on the Mid-Atlantic region, and maintains its headquarters in West Reading, Pennsylvania, where it was founded in 2000 through the reorganization of Customers Bank. In recent developments, the company expanded its strategic footprint with the launch of new digital banking initiatives and partnerships aimed at enhancing marketplace lending capabilities in 2024; it also completed a preferred stock offering under ticker CUBI-PF to bolster capital for growth amid rising interest in commercial real estate and SBA lending segments.