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Customers Bancorp Inc. (CUBI) is a bank holding company engaged in a wide range of banking activities. It is dedicated to delivering exceptional value, service, and convenience through a high-tech, high-touch approach to banking. This allows the company to offer a superior selection of products and services that cater to the diverse needs of its clients. Customers Bancorp Inc. operates primarily in the areas of commercial lending, consumer lending, private banking, deposit products, and other financial services.
The company serves small and middle-market businesses, not-for-profits, and individual consumers across Pennsylvania, New York, Rhode Island, New Hampshire, Massachusetts, and New Jersey. Their services include a continually expanding portfolio of loans for small businesses, multi-family projects, and mortgage companies. Their innovative banking model integrates the latest mobile and online banking tools to ensure convenience for all customers.
Recent Achievements and Projects: Customers Bancorp Inc. has recently launched several initiatives aimed at enhancing customer experience. They have introduced Concierge Banking®, a unique service that provides face-to-face banking by appointment at customers' homes or offices, available 12 hours a day, seven days a week. This service exemplifies their commitment to a high-touch, personalized banking experience.
Financial Condition and Partnerships: The company's financial health is robust, primarily driven by its commercial lending activities. They have also formed strategic partnerships to expand their product offerings and improve service delivery. These collaborations are aimed at supporting the company's growth strategy and enhancing its market presence.
Products and Services: Customers Bancorp Inc. offers a variety of financial products and services, including commercial loans, consumer loans, private banking, and a range of deposit products. Their single-point-of-contact model ensures that customers have seamless access to banking services, with just one phone number to call for all their banking needs.
- Commercial Lending: Focused on providing loans to small and middle-market businesses.
- Consumer Lending: Includes personal loans and mortgages.
- Private Banking: Tailored services for high-net-worth individuals.
- Deposit Products: A wide range of savings and checking accounts.
- Other Financial Services: Comprehensive financial solutions to meet various needs.
Stay tuned with the latest updates and news to understand more about Customers Bancorp Inc.'s performance, events, and developments.
Customers Bancorp, Inc. (NYSE: CUBI) will host a webcast on April 28, 2023, at 9:00 AM EDT to report its earnings for the first quarter ending March 31, 2023. The webcast will be led by company executives including Chair & CEO Jay Sidhu and CFO Carla Leibold. The earnings release will be available after market close on April 27, 2023. Customers Bancorp, with over $20 billion in assets, ranks among the top 100 bank holding companies in the U.S. Notable rankings include #34 from Forbes and #64 from Fortune Magazine for growth. Customers Bank, its primary subsidiary, is recognized for innovative banking solutions and services. The webcast will be archived for later viewing.
Customers Bancorp, Inc. (NYSE:CUBI) announced that its top two executives will receive their 2022 bonuses entirely in stock, not cash. This marks the fifth consecutive year that Chairman and CEO Jay Sidhu and the CFO are aligning their compensation with shareholder interests, aiming to create shareholder value. The decision comes after a meeting of the Leadership Development and Compensation Committee on April 4, 2023. Customers Bancorp, with over $20 billion in assets, is recognized as one of the top-performing banking companies in the U.S. The company is praised for its innovative banking services, including a blockchain-based payment solution. Upcoming details regarding the executive compensation will be revealed in the 2023 annual proxy statement, expected in late April 2023, ahead of the shareholder meeting on May 30, 2023.
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