CUBI - Customers Bancorp, Inc.
About Customers Bancorp, Inc. (https://www.customersbank.com)
Customers Bancorp, Inc. operates as the bank holding company for Customers Bank that provides banking products and services. It provides deposit banking products, which includes commercial and consumer checking, non-interest-bearing and interest-bearing demand, MMDA, savings, and time deposit accounts, as well as individual retirement accounts and non-retail time deposits consisting of jumbo certificates. The company’s lending business offers commercial and industrial, commercial real estate, and multifamily and residential mortgage loans; SBA lending; mortgage finance; 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; fund finance, such as variable rate loans secured by collateral pools to private debt funds; and cash management services. In addition, it provides digital banking, such as Banking-as-a-Service to fintech companies; payments and treasury services to businesses; consumer loans through fintech companies; and the TassatPay, an instant blockchain-based digital payments platform which offers instant payments, including over-the-counter desks, exchanges, liquidity providers, market makers, funds, title companies, and other B2B verticals. Further, the company 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 comprising account reconciliation, collections, and sweep accounts. The company was founded in 1997 and is headquartered in West Reading, Pennsylvania.
Key Executives
| NAME | TITLE | DOB | SALARY |
|---|---|---|---|
| Lyle Cunningham | Executive Vice President & Chief Banking Officer | 1965 | $936,996 USD |
| Jay S. Sidhu | Founder & Executive Chairman | 1952 | $889,050 USD |
| Samvir S. Sidhu | Vice Chairman, President & CEO | – | $850,144 USD |
| Thomas Kasulka | Executive Vice President & Chief Credit Officer | 1962 | $618,085 USD |
| Philip Watkins | EVice President, Head of Corporate Development & Investor Relations | 1985 | $604,721 USD |
| Mark R. McCollom | Executive Vice President & Chief Financial Officer | 1964 | $590,152 USD |
| Glenn A. Hedde | Executive Vice President of Warehouse Lending & Member of Management Board | 1961 | $368,034 USD |
| Carlos Coto | Executive VP of Bank Operations & Member of Management Board | – | – |
| Daniel Park | Executive Vice President, Treasurer & Member of Management Board | – | – |
| Laura Vele | Senior VP, Chief Marketing Officer & Member Management Board | – | – |
| Robert Fischer | Regional President of Pennsylvania & Member of Management Board | – | – |
| Timothy D. Romig | Executive Vice President, Head of Middle Market and Community Banking & Member of Management Board | – | – |