News releases from Customers Bank
Customers Bank, one of the nation’s leading PPP lenders, announced it will partner with the SBA to deliver digital loan forgiveness to borrowers.
Customers Bank, the super-community bank subsidiary of Customers Bancorp (NYSE: CUBI) with $18.8 billion of assets at March 31, 2021, this week announced the promotion of Jessie John Velasquez to...
Customers Bank Promotes Jennifer Frost to Executive Vice President, Chief Administrative Officer
June 08, 2021
Customers Bank is pleased to announce Jennifer Frost has been promoted to Executive Vice President and Chief Administrative Officer. Frost will also join the Management Board.
Customers Bank, a digital forward super-community bank with approximately $18.8 billion in assets, has hired Joseph M. Pennini as Managing Director and Head of Fund Finance. Pennini will expand the...
Customers Bank Ranked Among Top Producing Mortgage Lenders by Pennsylvania Housing Finance Agency for Fourth Consecutive Year
June 03, 2021
For the fourth year in a row, Customers Bank was recognized by the Pennsylvania Housing Finance Agency as a top-10 lending partner. Customers Bank placed 6th overall, advancing from 7th in the previous...
Customers Bancorp Shareholders Overwhelmingly Approve Proposals in Online Annual Meeting
May 26, 2021
CUBI shareholders for annual meeting today electing two directors, appointing Deloitte & Touche as auditors and supporting a non-binding “say on pay.”
Customers Bank Partners with Tassat to Implement a Blockchain-Based B2B Payments Network to Meet Needs of Business Clients
May 20, 2021
Customers Bank &Tassat announced the use of TassatPay® Network, a blockchain technology, to provide clients real-time B2B payments.
Customers Bank Ramps Up National Expansion
May 11, 2021
Customers Bank, a digital forward financial institution with approximately $18.8 billion in assets that provides exceptional banking experiences to consumer and commercial clients, is building upon its...
Customers Bank Continues National Expansion
May 11, 2021
Customers Bank, a digital forward financial institution with approximately $18.8 billion in assets, is expanding the bank’s Midwest presence based in Chicago as part of the bank’s national expansion....
Customers Bank Furthers National Expansion
May 11, 2021
Customers Bank, a digital forward consumer and commercial bank with approximately $18.8 billion in assets, is building upon its national recognition for providing innovative banking products and...
Customers Bank Continues National Expansion
May 11, 2021
Customers Bank is building upon its national recognition for providing innovative banking products and services to commercial and consumer clients to advance its national expansion. The next phase of...
Customers Bank Backs SBA’s Stronger Support for Sole Proprietors, Independent Contractors, Self-Employed Individuals, as well as Mom-and-Pop Businesses
March 05, 2021
Customers Bank, a top-5 ranked Paycheck Protection Program (PPP) lender in both 2020 and the current round of federal stimulus, recognized that some of the smallest businesses, including sole...
Customers Bank Introduces ReStart America Biz Checking Account
February 22, 2021
Customers Bank, a top-5 nationally ranked PPP lender that participated in more than 100,000 SBA-approved PPP loans during the first rounds of the federal stimulus providing an aggregate value of more...
Customers Bank Among the Top PPP Round 3 Lenders
January 22, 2021
Customers Bank has well over 50,000 (PPP) loans in process and expects to begin work on tens of thousands of additional applications in coming days.
Customers Bank Ranked 6th by Bankrate as a Best Online Bank of 2021
January 19, 2021
Customers Bank was recently identified as one of the “Best Online Banks of 2021” by Bankrate. The news service – which provides consumer and commercial audiences with unbiased analysis of rate...
Customers Bank Opens PPP Loan Application Portal; Will Also Provide White Label Turnkey Solution for Other Lenders
January 12, 2021
Customers Bank opens PPP loan application portal; will also provide white label turnkey solution for other lenders
Customers Bank Creates White Label Turnkey Solution Empowering Lenders to Participate in PPP Loan Programs
January 07, 2021
Customers Bank is offering banks, credit unions, community development financial institutions, minority deposit institutions, microfinance institutions, and other lenders and non-profits a “white...
Customers Bank Wins Prestigious Global Everbridge Critical Event Management Impact Award
December 28, 2020
Customers Bank selected by Everbridge from hundreds of global nominations as winner of 2020 Best Example of Making an Impact on Business.
Customers Bank Adopts “Appointment-Only” Service for Branch Lobbies; Other Services Remain Available
November 20, 2020
Customers Bank is instituting appointment-only service in all branch and office locations. Drive-thru, ATMs & night depositories remain available.
Customers Bank Joins MaxMyInterest Platform to Offer Ultra-Fast Account Opening and Premium Interest Rates
November 17, 2020
Customers Bank announced a nationwide collaboration w/ MaxMyInterest an intelligent cash management platform for individuals and financial advisors.
Customers Bancorp Discloses Healthy Credit Quality & Declining Loan Deferrals; Reiterates Financial Guidance
September 15, 2020
Customers Bank reiterated guidance; active deferments decreased to 4% of gross loans at 8/31; nonperforming assets expected below $80 million by 9/30.
BankMobile Technologies, a Subsidiary of Customers Bank, and Megalith Financial Acquisition Corp. Agree to Combine to Bring a Digital Banking Platform to the Public Market under the New Name BM Techno
August 06, 2020
BankMobile Technologies, subsidiary of Customers Bank, and Megalith Financial Acquisition Corp (NYSE: MFAC) announced a definitive merger agreement.
Customers Bank is pleased to announce Eric Holmquist joined the institution as Executive Vice President and Chief Risk Officer.
Customers Bank Appoints Industry Veteran Daniel Park as Senior Vice President, Treasurer
June 18, 2020
Customers Bank is pleased to announce industry veteran Daniel Park has joined the bank as Senior Vice President and Treasurer. Park will use his three decades of experience to enhance interest rate...
Customers Bank Expands Senior Leadership Team, Names Andrew Bowman to Office of the Chair
June 15, 2020
Customers Bank announced it elevated Andrew Bowman, to Senior Executive Vice President and a member of the Office of the Chair. In January, he was named Chief Credit Officer, a role he continues to...
Customers Bank Preserves Estimated 1 Million Jobs Across America; Originating over 80,000 PPP Loans; Supports Local Communities with Charitable Grants; Protects Team Members and Clients; Celebrates “F
May 21, 2020
Customers Bank (NYSE:CUBI) originated over 80,000 PPP loans nationwide helping to provide payroll for an estimated 1 million employees across America.
Customers Bank Increases its PPP Commitment to $500 Million, Using OakNorth to Help Support America’s Small and Medium-sized Businesses
April 10, 2020
Customers Bank (NYSE:CUBI) has processed loan applications totaling more than $200 million to help save American businesses and is expanding its capacity to process loans under the federal Paycheck...
Customers Bank Strongly Supports Small Business Administration’s Response to Offer Disaster Relief Lending
March 13, 2020
The Customers Bank SBA Lending Team will work with borrowers and small businesses to assist in the economic downturn and speed Federal relief.
Customers Bank, a leading super-community bank with operations in Pennsylvania, Illinois, New Jersey, New York and New England, announced today that AnNette Hines has been promoted to Director of...
Customers Bank Now Offers Banking Services to Hemp Permit Holders in Pennsylvania and New York
September 17, 2019
Customers Bank, a leading super-community bank with operations in Pennsylvania, District of Columbia, Illinois, New Jersey, New York and New England, announced today the Bank will start providing...