Latest News HOME > ABOUT > LATEST NEWS Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E, and Series F Preferred Stock 11/17/2021 16:30 Customers Bank Makes Bold Move with Cryptocurrency Clients 11/02/2021 08:00 Customers Bancorp Reports Record Third Quarter 2021 Results 10/27/2021 16:15 Customers Bank Announces South Central Pennsylvania Commercial Banking Team as Next Phase of its National Expansion 10/26/2021 16:00 Customers Bank and Tassat Launch Blockchain-Enabled Instant Payments on TassatPay™ 10/18/2021 16:15 Customers Bancorp, Inc. to Host Third Quarter 2021 Earnings Webcast on October 28, 2021 10/12/2021 08:30 Customers Bancorp Announces Common Stock Repurchase Plan and Updates 2021 Core EPS Guidance 08/26/2021 16:55 Customers Bank Celebrates Five Years Combating Summer Slide through the Books for Bikes Program 08/16/2021 09:30 Customers Bancorp Announces Full Redemption of Series C Preferred Stock and Series D Preferred Stock 08/11/2021 08:00 Customers Bancorp Announces Closing of $100,000,000 Senior Notes Offering 08/06/2021 16:30 Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock 07/30/2021 08:30 Customers Bancorp Reports Second Quarter 2021 Results 07/28/2021 17:30 Customers Bank Partners with SBA on PPP Loan Forgiveness Portal 07/28/2021 13:00 Customers Bancorp, Inc. Announces Andrew B. Sachs as New General Counsel 07/13/2021 08:00 Customers Bancorp, Inc. to Host Second Quarter 2021 Earnings Webcast on July 29, 2021 07/12/2021 08:16 Customers Bank Announces Promotions and New Hire in Accounting Department 06/17/2021 08:30 Customers Bank Promotes Jennifer Frost to Executive Vice President, Chief Administrative Officer 06/08/2021 08:37 Customers Bank Expands Fund Financing Focus With Strategic Hires 06/03/2021 11:00 Customers Bank Ranked Among Top Producing Mortgage Lenders by Pennsylvania Housing Finance Agency for Fourth Consecutive Year 06/03/2021 08:30 Customers Bancorp Shareholders Overwhelmingly Approve Proposals in Online Annual Meeting 05/26/2021 09:44 Customers Bank Partners with Tassat to Implement a Blockchain-Based B2B Payments Network to Meet Needs of Business Clients 05/20/2021 08:00 Customers Bank Expands Consumer Installment Loan Program With Upstart 05/19/2021 08:00 Customers Bank Ramps Up National Expansion 05/11/2021 12:38 Customers Bank Furthers National Expansion 05/11/2021 12:37 Customers Bank Continues National Expansion 05/11/2021 12:37 Customers Bank Continues National Expansion 05/11/2021 08:30 Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock 04/30/2021 15:00 Customers Bancorp Reports First Quarter 2021 Results 04/28/2021 17:45 Customers Bancorp, Inc. to Host First Quarter 2021 Earnings Webcast on April 29, 2021 04/12/2021 08:00 Richard A. Ehst to Retire as Customers Bank’s President and Chief Executive Officer After 50-Year Banking Career; Sam Sidhu Named as Successor 03/29/2021 16:30 Reading Area Community College Receives $20,000 from Customers Bank 03/15/2021 10:00 Customers Bank Contributes $150,000 to Alvernia University’s after-school program 03/10/2021 15:45 Customers Bank Backs SBA’s Stronger Support for Sole Proprietors, Independent Contractors, Self-Employed Individuals, as well as Mom-and-Pop Businesses 03/05/2021 08:30 Customers Bank Introduces ReStart America Biz Checking Account 02/22/2021 13:01 Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock 01/28/2021 16:30 Customers Bancorp Reports Record Fourth Quarter 2020 Results 01/27/2021 18:30 Customers Bank Among the Top PPP Round 3 Lenders 01/22/2021 14:00 Customers Bank Ranked 6th by Bankrate as a Best Online Bank of 2021 01/19/2021 09:32 Customers Bancorp, Inc. to Host Fourth Quarter 2020 Earnings Webcast on January 28, 2021 01/14/2021 08:00 Customers Bank Opens PPP Loan Application Portal; Will Also Provide White Label Turnkey Solution for Other Lenders 01/12/2021 12:00 Customers Bank Creates White Label Turnkey Solution Empowering Lenders to Participate in PPP Loan Programs 01/07/2021 15:25 Customers Bancorp Announces Successful Completion of BankMobile Divestiture 01/05/2021 09:06 Customers Bancorp Listed in Kiplinger’s 6 Best Financial Stocks to Buy in 2021 12/29/2020 16:05 Customers Bank Wins Prestigious Global Everbridge Critical Event Management Impact Award 12/28/2020 09:23 Customers Bancorp Provides Additional Information About BankMobile Divestiture 12/21/2020 21:48 Customers Bancorp Discloses Favorable Mid-Quarter Financial Trends 12/11/2020 06:45 Customers Bancorp Announces Record Date For Conditional Special Distribution In Connection With BankMobile Divestiture 12/09/2020 09:08 Customers Bank Adopts “Appointment-Only” Service for Branch Lobbies; Other Services Remain Available 11/20/2020 13:30 Customers Bank Joins MaxMyInterest Platform to Offer Ultra-Fast Account Opening and Premium Interest Rates 11/17/2020 09:00 Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock 11/09/2020 08:30 Customers Bancorp Announces Plans to Distribute Shares of BM Technologies’ Common Stock Directly to Stockholders 11/03/2020 17:20 Customers Bancorp Reports Record Third Quarter 2020 Results 10/28/2020 17:46 Customers Bancorp, Inc. to Host Third Quarter 2020 Earnings Webcast on October 29, 2020 10/13/2020 08:30 Customers Bancorp Discloses Healthy Credit Quality & Declining Loan Deferrals; Reiterates Financial Guidance 09/15/2020 08:30 Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock 08/17/2020 08:00 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 Technologies 08/06/2020 10:00 Customers Bank Names Eric Holmquist as Executive Vice President, Chief Risk Officer 08/05/2020 10:00 Customers Bancorp Reports Strong Second Quarter 2020 Results GAAP Net Income of $19.1 million, or $0.61 Per Diluted Share, up 237% over Q2 2019 07/30/2020 08:30 Customers Bancorp, Inc. To Host Second Quarter 2020 Earnings Webcast on July 30, 2020 07/21/2020 16:00 Customers Bancorp Appoints Robert Buford of Chicago to Board of Directors 06/25/2020 09:30 Jessie John Velasquez Joins Customers Bank as Senior Vice President, Chief Accounting Officer 06/22/2020 10:00 Customers Bank Appoints Industry Veteran Daniel Park as Senior Vice President, Treasurer 06/18/2020 12:00 Customers Bank Expands Senior Leadership Team, Names Andrew Bowman to Office of the Chair 06/15/2020 10:00 Customers Bancorp Shareholders Overwhelmingly Approve Proposals at Annual Meeting 05/29/2020 13:30 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 “Financial First Responders” Holiday 05/21/2020 13:00 Customers Bancorp Reports First Quarter 2020 Net Income of $7.0 Million, or $0.22 Per Diluted Share 05/04/2020 09:00 Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock 04/27/2020 17:51 Pennsylvania Housing Finance Agency Ranked Customers Bank as a Top-10 Lender for Third Straight Year 04/27/2020 10:00 Customers Bancorp, Inc. To Host First Quarter 2020 Earnings Call on May 4, 2020 04/22/2020 17:30 Customers Bank increases its PPP commitment to $500 million, using OakNorth to help support America’s small and medium-sized businesses 04/10/2020 14:20 Customers Bank, the fintech-forward US lender, partners with OakNorth as it looks to significantly enhance its credit monitoring and portfolio management 04/08/2020 12:00 Customers Bank Adjusts Branch Services to Appointment-Only 03/25/2020 09:00 Customers Bank Confirms Availability of Services 03/18/2020 09:30 Customers Bank Strongly Supports Small Business Administration’s Response to Offer Disaster Relief Lending 03/13/2020 14:30 Customers Bancorp Expects to Report Continued Margin Expansion and Stable Operating Metrics for Q1 2020 Chairman & CEO Discusses Current Environment with Some Investors 03/11/2020 09:30 Customers Bancorp, Inc. Expects 2020 Core EPS to Exceed $3.00, Up Over 35% From the 2019 Consensus 02/14/2020 07:00 Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock 02/13/2020 08:30 Customers Bank Welcomes Miguel Alban to the Commercial Lending Team 02/11/2020 12:30 Customers Bancorp Reports Full Year 2019 Net Income up 13% Over Full Year 2018 and Fourth Quarter 2019 Net Income up 68% Over Fourth Quarter 2018 01/22/2020 17:40 Customers Bancorp Outlines Vision 2025 and Customers Bank’s Succession Plan with Recruitment of Chief Operating Officer and Several Internal Promotions 01/22/2020 08:30 Customers Bancorp, Inc. To Host Fourth Quarter 2019 Earnings Call on January 23, 2020 01/10/2020 18:10 Customers Bancorp Announces Closing of $74,750,000 Subordinated Notes Offering Including Full Exercise of Overallotment Option 12/09/2019 16:00 Customers Bancorp Announces Pricing Of $65 Million Subordinated Notes Offering Rated “BBB-” by Kroll Bond Rating Agency* 12/04/2019 17:30 Customers Bancorp Commences Public Offering of Subordinated Notes Rated “BBB-” by Kroll Bond Rating Agency 12/04/2019 09:25 Customers Bank Awarded $25,000 in Scholarships to Students at Philadelphia’s Zion Baptist Church 11/18/2019 14:00 Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock 11/14/2019 17:45 Customers Bank Receives Civic Award from Port Chester-Rye Brook-Rye Town Chamber of Commerce 11/04/2019 12:30 Customers Bank Announces HQ Move 10/25/2019 16:15 Customers Bancorp Reports Record Net Income For Third Quarter 2019 10/23/2019 16:15 Customers Bancorp, Inc. To Host Third Quarter 2019 Earnings Call on October 24, 2019 10/11/2019 18:45 Customers Bank Promotes AnNette Hines to Director of Cultural Advancement 10/01/2019 09:45 Customers Bank Now Offers Banking Services to Hemp Permit Holders in Pennsylvania and New York 09/17/2019 09:30 Thirty Local Children Complete Books for Bikes Challenge with Customers Bank and Ready.Set.READ! 08/20/2019 10:00 Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock 08/16/2019 08:00 Customers Bancorp Reports Net Income For Second Quarter 2019 07/24/2019 16:45 Customers Bancorp, Inc. To Host Second Quarter 2019 Earnings Call on July 24, 2019 07/12/2019 09:30 Customers Bank Recognized as a 2019 Healthiest Employer by the Philadelphia Business Journal 06/13/2019 09:30 Customers Bank Announces Leadership Changes in Its Commercial Real Estate Lending Division 06/12/2019 09:30 Customers Bancorp Shareholders Overwhelmingly Approve Proposals At Annual Meeting 06/03/2019 09:30 Medgar Evers College and Customers Bank Present Opportunity Zones Forum Featuring Leading Industry Experts 05/20/2019 11:20 Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock 05/13/2019 08:55 Customers Bank Chairman and CEO Jay Sidhu Honored as Penn State Berks Graduation Commencement Speaker 05/06/2019 16:45 Customers Bancorp Reports Net Income For First Quarter 2019 04/24/2019 16:30 Customers Bank Congratulates Luvleen Sidhu on Winning 2019 Fintech Woman of the Year 04/15/2019 16:25 BankMobile, a Division of Customers Bank, Named 2019 Most Innovative Bank of the Year at LendIt Fintech Annual Awards 04/10/2019 16:08 Customers Bank Awarded $150,000 to New Jersey Community Capital 04/09/2019 11:20 Customers Bancorp, Inc. to Host First Quarter 2019 Earnings Call on April 25, 2019 04/09/2019 08:30 Pennsylvania Housing Finance Agency Names Customers Bank Top Minority Lender for Second Straight Year 04/02/2019 08:50 Customers Bank Awards $7,500 to Big Brothers Big Sisters of Bucks County 03/25/2019 08:50 Customers Bank Awards $10,000 Donation to Bucks County Community College Foundation 03/21/2019 00:00 Customers Bank Donates $15,000 to Council Rock Education Foundation 03/19/2019 09:00 Customers Bank’s CEO Jay Sidhu to Present at the 2019 Spring Investor Summit 03/18/2019 07:00 Read Alliance in New York City awarded $25,000 by Customers Bank 03/13/2019 11:00 Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock 02/15/2019 07:00 Customers Bank Announces Leadership Changes in its Private & Commercial Banking Division in the New York Metro Market 02/07/2019 07:00 Customers Bancorp Reports Net Income for Fourth Quarter and Full Year 2018 01/24/2019 04:25 Customers Bank Announces Deferred Payments For Those Impacted By Government Shutdown 01/15/2019 08:15 Customers Bancorp, Inc. to Host Fourth Quarter 2018 Earnings Call on January 24, 2019 01/14/2019 04:00 Customers Bank secures final Affordable Housing Program grant for completion of Habitat for Humanity’s $3.7 million Diamond Park development 01/11/2019 16:00 INSIGHTS FROM OUR LEADERS Upskilling and Reskilling to Remain Competitive Technical skills typically relate to a Team Member’s specialized knowledge and expertise required to complete complex computational tasks, processes and analysis of hardware and software systems within an organization. Learn More The Importance of Continuous Improvement and How to Improve Your Skills To be competitive in today’s business environment and in the future requires an individual to have an adaptive attitude and focus on continuous improvement. This requires the self-motivation and drive to constantly strive to do a better job and find new opportunities to improve their business, their processes, customer experiences and themselves. Learn More Adaptability and Agility The last year and the global pandemic have taught us that businesses and employees alike need to be able to accept and manage change. Heraclitus, an Ancient Greek philosopher, said it best when he stated, “The only constant in life is change.” Learn More Success is Learned When looking at a company you admire, you may question how a top executive attained their position within the organization. Typically, there is a track record of hard work and dedication to support the executive’s career trajectory within the industry and their company. Learn More Ransomware: The cure costs more than prevention, and is less effective COVID isn’t the only malicious virus we’re facing in 2021. Cybercriminals have become emboldened with new and more deadly “ransomware” attacks. Customers Bank wants to help its clients take steps to protect against these attacks that can impose significant costs, destroy a reputation, and take down a business. Learn More Banking 4.0: The Digital Industrial Revolution The fourth industrial revolution is about a technological revolution that is fundamentally changing the way we live, work and relate to one another. In many industries and especially in the banking sector, companies need to embrace all things digital. Industry leaders are taking the next natural step in the progression to become digital entities, seeking additional opportunities for greater efficiencies and increased returns on investments. Learn More Culture Precedes Everything Else At Customers Bank, we firmly believe the pillars of success are IQ, AQ and EQ. Learn More Communicating with PPP Clients “At a time like this, we cannot over-communicate,” Chairman Jay Sidhu advised all Customers Bank senior leaders at the onset of the COVID-19 pandemic. He was so right. Learn More Seizing Opportunity During Challenging Times Innovative executives approach their job with the perspective of a problem solver. When a challenge presents itself, these business leaders use the roadblock as an opportunity to reevaluate. Learn More Homeownership, Still Part of the American Dream Homeownership is part of the American Dream. It often marks a milestone for individuals and families as they take on property that is their own. Learn More COVID-19 Economic Recovery, The Road Ahead Customers Bank surveyed business leaders, owners and professionals to get their thoughts and concerns regarding the economic impact of COVID-19. Explore our infographic to learn more. Learn More Myths of Digital Transformation: Digital Tools and Software are the Keys to Successful Digital Transformation Endre Jarraux Walls Chief Information Security Officer What is an essential element of any digital transformation project? You may think the obvious answer is the technology – fair thought given the word digital is baked into what we’re discussing. The right answer: Your people. To be more specific, your people, and the culture of your organization. Learn More Myths of Digital Transformation: Automation Makes Data and Processes Less Secure Endre Jarraux Walls Chief Information Security Officer It’s 2020, and we’re not driving flying cars yet. We are, however, embracing new technological advancements at home and in the office. Digital assistants like Siri and Alexa, the omnipresent cloud, and the ubiquitous thought “there’s an app for that” are just a few examples of the digital-first lifestyle that has become the norm. Learn More 2020 Vision: Customers Bank’s Digital Evolution Jay Sidhu, Executive Chairman, Customers Bank Customers Bank is in the midst of a digital evolution. We understand this is a big statement, and because tech buzzwords and phrases are often overused, we felt it was important to lay out our vision as we embark on this exciting new chapter at Customers Bank. Learn More Data Security: What Does the CCPA Mean for Your Business? Endre Jarraux Walls, Chief Information Security Officer, Customers Bank Customers Bank Chief Information Security Officer, Endre Jarraux Walls, details why the California Consumer Privacy Act can be good for your business. Learn More Now is the Opportune Time to Purchase or Refinance a Home! Cathleen Paniccia, Senior Vice President Retail Mortgage Department, Customers Bank Today’s mortgage interest rates are very close to the lowest rates in recorded history (3.3 percent according to Freddie Mac). This means now may be the perfect time to purchase a new home or refinance an existing mortgage. The low rates may also make it financially feasible for families sitting on the sidelines to enter the housing market. Learn More Business Leaders Need to Take Action to Combat the Opioid Epidemic Richard Ehst President and Chief Operating Officer of Customers Bank Business and community leaders tend to focus on the livelihood of their respective organizations, and may not be aware of external influences affecting team members and the community. The opioid epidemic is one of the most pressing issues facing our local communities and the country. Learn More Cutting Through the Confusion: Hemp Banking is Not Cannabis Banking and We’re Ready Timothy Romig Executive Vice President, Managing Director & Market President – Pennsylvania and New Jersey, Customers Bank The 2018 Farm Bill ended an 80-year Federal ban on growing industrial hemp. This law opens the U.S. to a global market, that according to research firm FIOR Markets, is expected to increase from $4.41 billion in 2018 to an estimated $14.67 billion by 2026. According to a report by Hemp Business Journal, total sales for the U.S. hemp industry reached $820 million in 2017, and is projected to reach $1.9 billion by 2022. Learn More Banking Hemp and CBD Businesses is not Marijuana Banking Jay Sidhu Chairman and Chief Executive Officer, Customers Bank As part of the 2018 Farm Bill, industrial hemp was legalized on the federal level. Industrial hemp and hemp-derived cannabidiol (CBD) products are not the same as, nor should they be confused with marijuana. Marijuana remains an illegal and controlled substance in our nation. Hemp and hemp-derived CDB are also not related to medicinal marijuana, which has been legalized in thirty-three states but remains on the federal schedule 1 list of drugs with a high potential for abuse. Learn More Invest in Employees, Reward High Performers Karen Kirchner Senior Vice President, Team Member Services Director In today’s business environment, regardless of industry, most business leaders and executives recognize a company’s Team Members as its’ most valuable asset. However, at the same time, many companies do not focus on employee development. Learn More Mortgage Rates Are Not the Most Important Thing to Consider When Financing a Second Home Lorie Shannon Executive Vice President, Director of Mortgage Lending, Customers Bank Every real estate purchase has its own unique financial characteristics. It is important that the financial institution you decide to work with also provides distinctive programs to meet those needs. Learn More Security Connection: Who is responsible for keeping your financial information and data safe? Diane McCracken Executive Vice President and Chief Security Officer, Customers Bank Data is only as secure as its weakest link. Diane McCracken, Customers Bank Executive Vice President & Chief Security Officer, discusses why the best approach to protecting financial information and data requires a combined effort between institutions and the individual. Learn More Managing in a Pre-Recession Environment Dick Ehst President & Chief Operating Officer, Customers Bank Learn about Dick Ehst’s, Customers Bank President & COO, thoughts on business financial planning for the year ahead. Learn More Security Check: When it Comes to Mobile Banking, Data Safety Depends on You Diane McCracken Executive Vice President and Chief Security Officer, Customers Bank Mobile banking doesn’t need to be synonymous with risk. While banks have system requirements that prevent cyberattacks, consumers have the most power when it comes data safety – as long as they know how. Learn More The Future of Banking Depends on its Talent Richard “Dick” Ehst President and Chief Operating Officer, Customers Bank A stronger, better financial services world will be built from the combined talents of diverse individuals. In order for this to happen, we must show prospective talent that financial institutions offer entrepreneurial environments where technology skills will be continually developed; where there is a clear, progressive career path for technology leaders; and where their contributions will have a tangible impact on the transformation of the organization. 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