Customers Bank, the $22 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), has recently brought on board 10 seasoned commercial and business banking teams across New York, California, and Nevada. This strategic hiring initiative aims to bolster the Bank’s potential for deposit growth and underscores its commitment to its Single Point of Contact banking model, designed to surpass client expectations.
With this infusion of talent, Customers Bank strengthens its foothold on both the East and West Coasts. The addition of these new teams expands the Bank’s presence in key markets, including New York City, where it has operated successfully for over seven years. Furthermore, it reinforces the Bank’s dedication to Los Angeles while extending its reach to Orange County, California, and the communities of Reno and Las Vegas, Nevada.
The newly onboarded bankers bring with them extensive experience in the commercial deposits space, complementing existing expertise in private banking, treasury management, and commercial and industrial lending. Tasked with accelerating the growth of the Bank’s low-cost, relationship-focused deposit portfolio, these teams reinforce the Bank’s commitment to its signature relationship-oriented service approach.
Jay Sidhu, Executive Chairman of Customers Bank, emphasized the importance of supporting the Bank’s teams to provide clients with unparalleled expertise and service. He expressed a desire for clients to succeed and achieve their goals while receiving senior-level support at every stage.
Sam Sidhu, President and CEO of Customers Bank, welcomed the new teams, highlighting their role in furthering the Bank’s strategy to provide exceptional service to middle-market commercial businesses and solidify its national banking capabilities. He anticipates that these hires will contribute to making Customers Bank the preeminent customer-oriented bank in its markets, ultimately adding thousands of customer relationships to the Bank.
While immediate physical locations in Los Angeles, Orange County, Reno, or Las Vegas are not planned, Customers Bank is evaluating the potential benefits of establishing offices in these markets to support existing and future clients. In the second quarter of 2024, the Bank will open three new locations in Menlo Park, California; Durham, North Carolina; and Denver, Colorado, to further support its venture finance customers.
Customers Bancorp, Inc. (NYSE:CUBI) is among the nation’s top-performing banking companies, boasting nearly $22 billion in assets. The Bank’s commercial and consumer clients benefit from a comprehensive suite of technology-enabled tailored product experiences, underpinned by best-in-class customer service characterized by a Single Point of Contact approach. In addition to traditional banking services, Customers Bank provides a range of national corporate banking services to specialized lending clients. Notable accolades include its ranking on American Banker’s 2023 list of top-performing banks and its inclusion in Forbes’ Best Banks list for 2024. Customers Bank is a member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation. For more information, visit www.customersbank.com.
