CUBI - Leadership updates

Customers Bank, the over $24 billion subsidiary of Customers Bancorp (NYSE:CUBI), today announced the appointment of Steve Wyremski as Chief Operating Officer, effective January 26, 2026. Wyremski brings more than two decades of financial and operational leadership experience to the role, with a proven track record of managing complex financial functions and leading enterprise transformation efforts across the banking sector. He joined Customers Bank in 2024 as a strategic advisor, where he played a key role in accelerating the bank's finance and data modernization initiatives. "Steve brings a deep understanding of operational excellence and financial discipline, paired with a thoughtfu

Jay Sidhu Assuming Executive Chairman Role; Transition Supports Growth and Long-Term Strategy Customers Bancorp, Inc. (NYSE:CUBI) today announced the appointment of Sam Sidhu to the company's Board of Directors ("the Board"), effective January 1, 2026, in accordance with the succession plan set forth in the company's leadership transition announcement from July 25, 2025. This appointment aligns with the Board's previously disclosed plan whereby Sam Sidhu, President of Customers Bancorp and President and Chief Executive Officer of Customers Bank, is succeeding Jay Sidhu as Chief Executive Officer of Customers Bancorp, effective January 1, 2026. Under the transition framework, Jay Sidhu i

Sam Sidhu to succeed Jay Sidhu as CEO Customers Bancorp, Inc. (NYSE:CUBI) announced today that Jay Sidhu, Chairman and CEO, will be retiring as CEO of the company and transitioning to the role of executive chairman effective January 1, 2026. The organization has appointed Sam Sidhu to succeed Jay Sidhu as CEO. Jay Sidhu will continue as executive chairman of both Customers Bancorp and Customers Bank and will remain on its Board of Directors. Jay Sidhu, 73, founded Customers Bank and Customers Bancorp by investing in a small Chester County, Pa.-based institution with a vision to build a forward-thinking, client-focused bank. Under Jay's leadership of Customers Bancorp, Customers Bank has

Shareholders of Customers Bancorp, Inc. (NYSE:CUBI), parent of Customers Bank, a digital-forward bank and one of the 80 largest banks in the U.S., met in a virtual annual meeting on Tuesday, May 27, electing three directors, ratifying the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ended Dec. 31, 2025, and supporting a nonbinding "say on pay" proposal to approve the compensation of the company's named executive officers. "As we reflect on the past year, we are pleased with our progress and excited about the future of Customers Bank," said Customers Bancorp, Inc. Chair & CEO Jay Sidhu. "Our unique business model an

Financial industry veteran and former IRS Special Agent will strengthen BSA/AML processes, further Bank's commitment to risk management Customers Bank, the $22 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), has appointed Allen Love as Chief Compliance and AML Officer. In this role, Love will be responsible for leading the Bank's enterprise-wide compliance program, ensuring it continues to evolve as regulatory expectations increase. Love will immediately begin work on strengthening Bank Secrecy Act and Anti-Money Laundering (BSA/AML) protocols for the company's digital asset business in support of the Bank's recent agreement with the Federal Reserve Bank of Philadelphia and t

Shareholders reelect three directors, support executive "Say on Pay" proposal, ratify appointment of accounting firm, approve amendment to stock incentive plan Customers Bancorp (NYSE:CUBI) (the "Company"), parent company of Customers Bank (the "Bank"), held its annual shareholder meeting today and shareholders approved all proposals put to a vote. Robert J. Buford, Rajeev V. Date and Jay S. Sidhu were reelected as directors. Buford will continue to serve as member of the Board's Audit and Risk Committees; Date will continue as chair of the Board's Regulatory Affairs Committee and member of its Risk Committee and the Bank's Compliance Committee; Sidhu will continue as Chairman and membe

Shareholders of Customers Bancorp, Inc. (NYSE:CUBI) – parent of Customers Bank, a digital-forward super-community bank and one of the 100 largest banks in the U.S., met in a virtual annual meeting on Tuesday, May 30, electing three directors, ratifying the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm, supporting a non-binding "say on pay" proposal to approve the compensation of top executives, and amending the company's stock incentive plan. "Over the years, we have built Customers Bancorp, Inc. into a high performing, forward-thinking bank with strong risk management," commented Chair & CEO Jay Sidhu. Three Directors comprising the

Saidin brings over three decades of technology operations experience to Tassat Tassat Group Inc., the leading provider of real-time digital payments solutions for commercial banks and their corporate clients, today announced the appointment of Zain Saidin as Chief Operating Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230214005566/en/Zain Saidin, Chief Operating Officer at Tassat Group, Inc. (Photo: Business Wire) Saidin is a technology operations veteran, bringing over 30 years of technology integration, and strategic business development to Tassat. Prior to joining Tassat, Saidin served as the Chief Engineer and an

Shareholders of Customers Bancorp, Inc. (NYSE:CUBI) – parent of Customers Bank, a digital-forward super-community bank with a growing number of operations across the nation, met in a virtual annual meeting Tuesday, May 31 electing three directors, ratifying the appointment of Deloitte & Touche LLP as the Bank's independent registered public accounting firm, supporting a non-binding "say on pay" proposal to approve the compensation of top executives, and amending the company's stock Incentive plan. "At Customers Bank, we believe that three strengths make us unique: our commitment to human connections, our dedication to innovation and the latest technology, and our responsibility to always g

Shareholders of Customers Bancorp, Inc. (NYSE:CUBI) – parent of Customers Bank, a leading super-community bank with a growing number of operations across the nation, met in a virtual annual meeting Wednesday, May 26 electing two directors, ratifying the appointment of Deloitte & Touche LLP as the Bank's independent registered public accounting firm, and supporting a non-binding "say on pay" proposal to approve the compensation of top executives. Bank leaders, directors and shareholders took a moment of silence to remember all who were lost in the past year's global pandemic and to give thanks for the millions of frontline workers who courageously carried on to give care, deliver food and c