As a bank holding company
located in Wyomissing, Pennsylvania, Customers Bancorp is engaged in banking
and related businesses through its bank subsidiary, Customers Bank. Customers Bank
is a full-service, community oriented bank with assets of approximately $4.0
billion.
A member of the Federal
Reserve System and deposits insured by the Federal Deposit Insurance
Corporation (“FDIC”), Customers Bank is an equal housing lender that offers a
range of banking services to small and medium-sized businesses, professionals,
individuals, and families. The company’s offices are in Pennsylvania, New York,
Rhode Island, Massachusetts, New Jersey, and Northern Virginia. Committed to
cultivating customer loyalty, Customers Bank uses a High Tech/High Touch
strategy that includes use of industry-leading technology to provide customers
better access to their money, as well as a continually expanding portfolio of
loans to small businesses, multi-family projects, mortgage companies, and
consumers.
The company recently
announced that it plans to launch one of Americas first virtual banks built on
a mobile banking platform. CUBI has purchased rights to the domain
“BankMobile.com” and plans to launch this platform in the third quarter of
2014.
“We see a tremendous
opportunity for a bank to provide simple and user friendly banking services to
consumers and small to medium size businesses that charge no hidden fees
whatsoever,” commented Jay S. Sidhu, Chairman and CEO of Customers Bank. “Our
research indicates that over 50% of households in the U.S. have not visited a
bank branch over the past year. In addition, about 25% of the US population is
unbanked or under banked. Our new mobile banking platform will complement our
“high touch supported by high tech” and “single point of contact delivery
through private bankers” strategies and enhance our ability to serve a wider
range of customers.”
For more information about
the company visit www.customersbank.com
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MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
