Customers Bank Appoints Allen Love as Chief Compliance & AML Officer
Customers Bank, a $22 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), has appointed Allen Love as Chief Compliance and AML Officer. Love, a financial industry veteran and former IRS Special Agent, will lead the Bank's enterprise-wide compliance program and strengthen BSA/AML protocols, particularly for the digital asset business. This appointment supports the Bank's recent agreement with the Federal Reserve Bank of Philadelphia and the Commonwealth of Pennsylvania.
Love's extensive background in Financial Crimes Risk Management and experience as a senior compliance officer at major banks positions him well to enhance the Bank's risk management initiatives. Customers Bancorp, with nearly $21 billion in assets, is recognized as one of the nation's top-performing banking companies, ranking No. 1 on American Banker's 2024 list of top-performing banks with $10B to $50B in assets.
Customers Bank, una filiale di Customers Bancorp con un patrimonio di $22 miliardi (NYSE:CUBI), ha nominato Allen Love come Chief Compliance e AML Officer. Love, veterano dell'industria finanziaria ed ex agente speciale dell'IRS, guiderà il programma di conformità a livello aziendale della Banca e rafforzerà i protocolli BSA/AML, in particolare per il settore degli asset digitali. Questa nomina supporta il recente accordo della Banca con la Federal Reserve Bank di Philadelphia e il Commonwealth della Pennsylvania.
Il vasto background di Love nella gestione del rischio di crimini finanziari e l'esperienza come senior compliance officer in grandi banche lo pongono in una posizione favorevole per migliorare le iniziative di gestione del rischio della Banca. Customers Bancorp, con quasi $21 miliardi in attivi, è riconosciuta come una delle aziende bancarie con le migliori performance del paese, classificandosi al n. 1 nella lista del 2024 di American Banker delle banche con performance migliori con attivi tra $10B e $50B.
Customers Bank, una subsidiaria de Customers Bancorp con activos de $22 mil millones (NYSE:CUBI), ha nombrado a Allen Love como Chief Compliance y AML Officer. Love, un veterano de la industria financiera y ex agente especial del IRS, liderará el programa de cumplimiento de la banca a nivel empresarial y fortalecerá los protocolos de BSA/AML, especialmente para el negocio de activos digitales. Esta designación respalda el reciente acuerdo de la banca con el Banco de la Reserva Federal de Filadelfia y el Commonwealth de Pensilvania.
El amplio historial de Love en la Gestión de Riesgos de Crímenes Financieros y su experiencia como oficial de cumplimiento senior en grandes bancos lo posicionan bien para mejorar las iniciativas de gestión de riesgos de la banca. Customers Bancorp, con casi $21 mil millones en activos, es reconocida como una de las compañías bancarias con mejor desempeño en el país, ocupando el primer lugar en la lista de 2024 de American Banker de los bancos con mejor desempeño con activos entre $10B y $50B.
Customers Bank는 $220억 자산을 보유한 Customers Bancorp (NYSE:CUBI)의 자회사로서 Allen Love를 최고 준수 및 AML 책임자로 임명했습니다. Love는 금융 산업의 베테랑이자 전 IRS 특별 요원으로서 은행의 전사적 준수 프로그램을 이끌고 디지털 자산 사업을 위한 BSA/AML 프로토콜을 강화할 것입니다. 이번 임명은 은행이 필라델피아 연방 준비 은행 및 펜실베이니아 주와 최근 체결한 계약을 지원합니다.
금융 범죄 위험 관리 분야에서 Love의 광범위한 배경과 대형 은행에서의 수석 준수 담당자로서의 경험은 은행의 위험 관리 이니셔티브를 강화하는 데 큰 도움이 될 것입니다. Customers Bancorp는 자산이 거의 $210억에 달하며, 2024년 American Banker의 자산 $100억에서 $500억 사이의 최고의 은행 목록에서 1위를 차지한 국가 최고의 은행 회사 중 하나로 인정받고 있습니다.
Customers Bank, une filiale de Customers Bancorp avec 22 milliards de dollars d'actifs (NYSE:CUBI), a nommé Allen Love au poste de Chief Compliance et AML Officer. Love, vétéran de l'industrie financière et ancien agent spécial de l'IRS, dirigera le programme de conformité à l'échelle de l'entreprise de la banque et renforcera les protocoles BSA/AML, en particulier pour le secteur des actifs numériques. Cette nomination soutient l'accord récent de la banque avec la Federal Reserve Bank de Philadelphie et le Commonwealth de Pennsylvanie.
Le vaste parcours de Love dans la gestion des risques de crimes financiers et son expérience en tant que responsable de la conformité senior dans de grandes banques lui permettent d'améliorer les initiatives de gestion des risques de la banque. Customers Bancorp, avec près de 21 milliards de dollars d'actifs, est reconnu comme l'une des meilleures entreprises bancaires du pays, se classant au premier rang de la liste 2024 d'American Banker des banques les plus performantes avec des actifs de 10 à 50 milliards de dollars.
Customers Bank, eine Tochtergesellschaft von Customers Bancorp mit einem Vermögen von 22 Milliarden US-Dollar (NYSE:CUBI), hat Allen Love zum Chief Compliance und AML Officer ernannt. Love, ein Veteran der Finanzindustrie und ehemaliger Sonderagent des IRS, wird das unternehmensweite Compliance-Programm der Bank leiten und die BSA/AML-Protokolle insbesondere für das Geschäft mit digitalen Vermögenswerten stärken. Diese Ernennung unterstützt die kürzliche Vereinbarung der Bank mit der Federal Reserve Bank von Philadelphia und dem Commonwealth von Pennsylvania.
Loves umfangreiche Erfahrung im Bereich Finanzkriminalitätsrisikomanagement und seine Tätigkeit als leitender Compliance-Beauftragter bei großen Banken positionieren ihn gut, um die Risikomanagement-Initiativen der Bank zu verbessern. Customers Bancorp, mit fast 21 Milliarden US-Dollar an Vermögen, wird als eines der besten Bankenunternehmen des Landes anerkannt und belegt den ersten Platz auf der Liste der 2024er American Banker-Liste der leistungsstärksten Banken mit Vermögenswerten zwischen 10 Milliarden und 50 Milliarden US-Dollar.
- Appointment of experienced Chief Compliance and AML Officer to strengthen risk management
- Support for recent regulatory agreement with Federal Reserve Bank of Philadelphia
- Ranked No. 1 on American Banker's 2024 list of top-performing banks ($10B-$50B assets)
- No. 29 on Forbes 2024 Best Banks list
- No. 52 on Investor's Business Daily 100 Best Stocks for 2023
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Financial industry veteran and former IRS Special Agent will strengthen BSA/AML processes, further Bank’s commitment to risk management
Love will immediately begin work on strengthening Bank Secrecy Act and Anti-Money Laundering (BSA/AML) protocols for the company’s digital asset business in support of the Bank’s recent agreement with the Federal Reserve Bank of
“Customers Bank has always been dedicated to the principles of strong risk management, and we have already taken several important steps towards meeting the expectations of our regulators, including the appointment of Allen Love as Chief Compliance and AML Officer,” said Joan Cheney, Executive Vice President and Chief Risk Officer of Customers Bank. “Allen joins us from one of the top 10 banks in the country with a long career in compliance and risk management. I am incredibly confident in his ability to strengthen our programs to further protect the Bank and provide enhanced services to our customers, building off of the work we have already completed.”
Love brings a wealth of experience in financial crimes risk management, having served as a senior compliance officer at some of the largest banks in
“I am excited to join Customers Bank and help guide the ongoing maturation of its compliance program,” said Love. “In partnership with the entire compliance team, I look forward to contributing to the Bank’s continued success by strengthening initiatives that safeguard and support our customers.”
Institutional Background
Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation’s top-performing banking companies with nearly
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No. 1 on American Banker 2024 list of top-performing banks with
$10B $50B - No. 29 out of the 100 largest publicly traded banks in 2024 Forbes Best Banks list
- No. 52 on Investor’s Business Daily 100 Best Stocks for 2023
A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender. Learn more: www.customersbank.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240809868715/en/
Eric Lucero, Chief Marketing Officer
(212) 843-4543
elucero@customersbank.com
Source: Customers Bancorp, Inc.
FAQ
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