Customers Bancorp, Inc Announces Additions to Board of Directors | Your money

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WEST READING, Pa.–(BUSINESS WIRE)–January 27, 2022–

Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”) has expanded its Board of Directors and appointed retired Brigadier General Bernard B. Banks, now Vice Dean , Leadership Development and Inclusion and Clinical Professor of Management at the Kellogg School of Management at Northwestern University; and Robert N. Mackay, CEO of Regnology, a leader in banking compliance technology for Europe’s largest markets. Please insert this sentence at the very end of the first paragraph: Dr. Banks and Mr. Mackay are also currently directors of Customers Bank.

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BG Bernard B. Banks, Ph.D. (US, Retired) (Photo: Business Wire)

“We are thrilled to have two distinguished leaders in technology, talent development, diversity and inclusion, leadership and financial services join our board of directors,” said Jay Sidhu, Chairman and CEO of Customers Bancorp. “This is another step in our journey to attract top international talent and manage to world-class governance standards. We are absolutely committed to working with the best people available.

Banks graduated from the United States Military Academy in 1987 and retired as a Brigadier General in 2016 after a distinguished career in the military, including heading the Department of Behavioral and Leadership Sciences at West Point. In addition to having studied leadership in depth, he led several military units ranging in size from 10 to 3,000 personnel. In 1995, Bernie was selected from over 40,000 officers to receive the Army’s highest award for entry-level managers (General Douglas MacArthur’s Leadership Award). At Northwestern’s Kellogg School, Banks leads development integration and diversity, equity and inclusion initiatives. He is also Managing Partner/Owner of Banks Talent Solutions LLC, a boutique executive training and talent development consulting organization. Banks earned her Ph.D. in Socio-Organizational Psychology from Columbia University in 2011.

“I am delighted and honored to have the opportunity to join the Customers Bancorp, Inc. Board of Directors,” Banks said. “My desire is to collaboratively assist in the continued evolution of Customers Bank from a regional community bank to a national fintech-focused financial services institution through the successful leveraging of my expertise in business development. talent and organization.”

Mackay is the Managing Director of Regnology. Until recently, he was CEO of Itiviti, a leading financial services company and technology provider for the capital markets industry. Mackay’s previous experience includes serving as COO for the Cross-Asset Trading & Risk business unit at FIS, the world’s largest provider of banking technology. His previous management experience also includes positions as COO of Hedge Funds & Risk and Managing Director of Alternative Investments.

“I am delighted to join Customers Bancorp where I can work with the talented risk and compliance management teams as they navigate the ever-changing world of financial services – an industry that now includes global crypto-markets. currency,” Mackay said. “I applaud the transformation of Customers Bank while strictly adhering to the expectations and requirements of regulators.”

Banks has been appointed as a Class II director and will stand for election by shareholders for a full three-year term at the 2022 annual meeting. Mackay has been appointed as a Class III director with a term expiring in 2023. For en To learn more about the governance of Customers Bancorp, visit: https://www.customersbank.com/investor-relations/governance-documents/ Both will serve on the Board’s Environmental, Social and Governance (ESG) Committee and the Directors’ Risk Committee.

Company overview

Customers Bancorp, Inc. (NYSE: CUBI) is a West Reading, Pennsylvania-based bank holding company engaged in banking and related businesses through its banking subsidiary, Customers Bank, a full-service bank with 19 $.6 billion in assets as of December 31, 2021. A member of the Federal Reserve with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender that offers a range of banking and lending services small and medium-sized businesses, professionals, individuals and families. Services and products are available wherever permitted by law through mobile applications, online portals and a network of offices and branches. Customers Bank provides blockchain-based digital payments through the Customers Bank Instant Token™ (CBIT) that allows customers to make real-time payments in US dollars, 24 hours a day, 7 days a week, 365 days a year .

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CONTACT: David Patti, Director of Communications

610-451-9452

KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA

SECTOR KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: Bancorp, Inc. Customers

Copyright BusinessWire 2022.

PUBLISHED: 01/27/2022 4:30 PM / DISK: 01/27/2022 4:32 PM

http://www.businesswire.com/news/home/20220127006045/en

Copyright BusinessWire 2022.

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