Customers Bancorp, Inc. (CUBI) company profile

Customers Bancorp is a bank holding company that conducts operations through its primary subsidiary, Customers Bank. The institution operates as a single reportable segment delivering commercial and consumer banking services, along with digital banking capabilities and proprietary business payment processing. Its primary offerings include commercial and industrial lending, commercial real estate and multifamily financing, equipment financing, residential mortgages, and specialized lending verticals such as fund finance, healthcare, and venture banking. Customers include privately held enterprises, corporations, non-profit entities, and individual consumers.

The company follows a branch-light operational model supported by limited production offices and executive sites across the United States. Its physical branch footprint consists of seven branch locations situated primarily in Berks County and Southeastern Pennsylvania. Additional regional offices and banking teams serve client bases across New York, New Jersey, Massachusetts, Rhode Island, New Hampshire, California, and Nevada. The corporate headquarters of Customers Bancorp are located in West Reading, Pennsylvania.

Summary of the business section of Customers Bancorp's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.

“Generally, businesses with more than 300 employees and/or less than a 25 percent reduction in gross receipts between comparable quarters in 2019 and 2020 were not eligible for Second Draw loans.”