A Brief History of Customers Bancorp, Inc. (CUBI)

Customers Bancorp, Inc. is a bank holding company headquartered in Wyomissing, Pennsylvania. The company was founded in 1997 and has since grown to become a prominent player in the financial services industry.

• 2009: Customers Bancorp was established as a bank holding company with the acquisition of Berkshire Bank, a community bank in Pennsylvania.
• 2011: The company rebranded as Customers Bank, reflecting its focus on providing exceptional customer service and innovative banking solutions.
• 2014: Customers Bank launched its digital banking division, BankMobile, to cater to the needs of tech-savvy customers and expand its reach beyond traditional brick-and-mortar branches.
• 2016: Customers Bancorp, Inc. went public, trading on the New York Stock Exchange under the ticker symbol CUBI.
• 2020: Despite the challenges posed by the COVID-19 pandemic, Customers Bancorp continued to expand its presence and enhance its digital banking offerings to meet the evolving needs of its customers.

Who Owns Customers Bancorp, Inc. (CUBI)

Customers Bancorp, Inc. (CUBI) is a publicly traded company, meaning that it is owned by its shareholders. As of the latest available information, the largest shareholders of Customers Bancorp, Inc. are institutional investors such as Vanguard Group Inc., BlackRock Inc., Dimensional Fund Advisors LP, and Renaissance Technologies LLC.

• Vanguard Group Inc: Vanguard Group Inc. is the largest institutional investor in Customers Bancorp, Inc., holding a significant amount of shares in the company.
• BlackRock Inc: BlackRock Inc. is another major institutional investor that owns a substantial stake in Customers Bancorp, Inc.
• Dimensional Fund Advisors LP: Dimensional Fund Advisors LP is also among the top shareholders of Customers Bancorp, Inc.
• Renaissance Technologies LLC: Renaissance Technologies LLC is a prominent institutional investor that holds a significant number of shares in Customers Bancorp, Inc.

While these institutional investors are among the largest shareholders of Customers Bancorp, Inc., it is important to note that the ownership of the company is spread across a diverse group of individual and institutional investors.

Customers Bancorp, Inc. (CUBI) Mission Statement

Customers Bancorp, Inc. is committed to providing innovative banking products and services while delivering exceptional customer service. Our mission is to build lasting relationships with our customers by meeting their financial needs and exceeding their expectations.

At Customers Bancorp, Inc., we strive to empower our customers to achieve their financial goals and dreams. We are dedicated to creating value for our shareholders by maintaining a strong financial position and sustainable growth.

• Provide innovative banking products and services
• Deliver exceptional customer service
• Build lasting relationships with our customers
• Empower customers to achieve their financial goals
• Create value for our shareholders

How Customers Bancorp, Inc. (CUBI) Works

Customers Bancorp, Inc. is a bank holding company that operates through its subsidiary, Customers Bank. Customers Bank provides a range of banking products and services to individuals, businesses, and municipalities.

Customers Bank offers traditional banking products such as checking and savings accounts, as well as lending products including mortgages, commercial loans, and lines of credit. The bank also provides cash management services, online banking, and mobile banking options to its customers.

One key aspect of how Customers Bancorp, Inc. works is its focus on technology and innovation. The company has invested heavily in developing digital banking solutions to meet the needs of its customers in an increasingly digital world. This includes offering a seamless online and mobile banking experience, as well as incorporating advanced security features to protect customer data.

Customers Bancorp, Inc. also operates a division called BankMobile, which is a digital bank that offers mobile-first banking services. BankMobile targets millennials and underbanked individuals with its fee-free accounts and convenient mobile app.

Additionally, Customers Bancorp, Inc. operates in the commercial banking space, providing specialized financial services to businesses. The company offers commercial lending, treasury management, and other financial solutions tailored to meet the unique needs of businesses.

• Traditional banking products: Customers Bank offers checking and savings accounts, mortgages, and lines of credit.
• Digital banking solutions: The company focuses on technology and innovation to provide a seamless online and mobile banking experience.
• BankMobile: Customers Bancorp, Inc. operates a digital bank called BankMobile, targeting millennials and underbanked individuals.
• Commercial banking services: Customers Bancorp, Inc. provides specialized financial services to businesses, including commercial lending and treasury management.

How Customers Bancorp, Inc. (CUBI) Makes Money

Customers Bancorp, Inc. (CUBI) makes money primarily through its banking operations, which include various lending and deposit-taking activities. Here are some key ways in which the company generates revenue:

• Interest Income: One of the main ways Customers Bancorp makes money is through collecting interest on loans and other interest-earning assets. This includes revenue from commercial loans, residential mortgages, consumer loans, and other types of credit products.
• Deposit Fees: Customers Bancorp charges fees on various deposit accounts, such as checking and savings accounts. These fees contribute to the company's revenue stream.
• Wealth Management Services: The company also generates revenue through its wealth management services, which include investment advisory services, asset management, and brokerage services.
• Merchant Services: Customers Bancorp offers merchant services to businesses, including credit card processing, payment solutions, and other financial services. Fees from these services contribute to the company's revenue.
• Other Fees and Service Charges: Customers Bancorp earns revenue from various fees and charges, such as account maintenance fees, overdraft fees, wire transfer fees, and other service charges.

Overall, Customers Bancorp, Inc. generates revenue through a combination of interest income, fees from deposit accounts and services, wealth management services, and other banking activities. These revenue streams help the company maintain profitability and grow its business.