1. CUBI shareholders elected three directors during a virtual annual meeting. 2. Deloitte & Touche LLP appointed as independent auditor for fiscal 2025. 3. CUBI's business model and service were praised by CEO Jay Sidhu. 4. CUBI tops rankings among banks with $10-$50 billion assets. 5. The bank has a high Net Promoter Score, well above industry average.
CUBI's recognition as a top bank and strong shareholder support likely boosts investor confidence, reminiscent of historic upward trends following similar accolades in the banking sector.
The article highlights positive developments and recognition, which can affect trading decisions and investor interest in CUBI.
Positive sentiment and recognition can quickly affect stock performance but may need sustained performance to maintain highs.
WEST READING, Pa.--(BUSINESS WIRE)--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 and exceptional customer service have positioned us well in a competitive environment and contributed to ensuring our organization is ‘built to last’ with our commitment to make our customers say ‘wow.’”
Two directors, Andrea R. Allon and Bernard B. Banks, were elected to serve a three (3) year term expiring in 2028; and one director, Daniel K. Rothermel, was elected to serve a one (1) year term expiring in 2026.
Shareholders also approved the company’s proposal on named executive officer compensation. This proposal is nonbinding on the company, but the Board and its Leadership Development and Compensation Committee value the opinion of shareholders and continue their outreach and study of best practices in consideration of future executive compensation.
“On behalf of the nearly 800 talented team members with whom we have the privilege of working every day, we thank you for your support and investment,” said Sidhu. “As a Bank, we are committed to delivering value to our investors, customers, our team members and the communities where we serve.”
Institutional Background
Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation’s top-performing banking companies with over $22 billion in assets, making it one of the 80 largest bank holding companies in the U.S. Customers Bank’s commercial and consumer clients benefit from a full suite of technology-enabled tailored product experiences delivered by best-in-class customer service distinguished by a Single Point of Contact approach. In addition to traditional lines such as C&I lending, commercial real estate lending and multifamily lending, Customers Bank also provides a number of national corporate banking services to specialized lending clients. Major accolades include:
A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender. Learn more: customersbank.com.