WYOMISSING, Pa., Feb. 01, 2017 (GLOBE NEWSWIRE) -- Customers Bank, a community-based, full-service bank with assets of approximately $9.4 billion, once again ranked among the best and largest banks in the nation in Forbes’ 2017 Best Banks in America ranking released in January 2017. Customers Bank was ranked 35th out of the 100 largest banks in America and is the #1 Pennsylvania-chartered bank on the list.
Forbes is in its eighth year of ranking the largest banks of America, which this year ranged from banks with $8 billion in assets to banks with $2.5 trillion in assets. The Forbes ranking is based on metrics related to growth, profitability, capital adequacy and asset quality. Customers Bank has ranked among the 100 largest banks in America since 2015.
“We are pleased to be recognized among the best of the country’s 100 largest banks for the third year,” said Jay Sidhu, chairman and chief executive officer of Customers Bank. “Notable rankings like this one are further proof of the success and profitability of our customer-focused banking model. We look forward to another year of continued growth as we provide exceptional value, service and convenience for our customers.”
Since Sidhu and his executive team joined the bank in 2009, Customers grew from a $250 million-asset bank to a $9.4 billion-asset high-performing bank with a focus on a high tech, high touch strategy to provide customers with the latest technology and personalized service.
Customers Bank has also been recognized among Bank Director magazine’s fastest growing banks, the Philadelphia Business Journal’s “Philadelphia 100,” and Lehigh Valley Business Journal’s Fastest Growing Banks.
About Customers Bancorp, Inc. and Customers Bank
Customers Bancorp, Inc. is a bank holding company located in Wyomissing, Pennsylvania engaged in banking and related business through its bank subsidiary, Customers Bank. Customers Bank is a community-based, full-service bank with assets of approximately $9.4 billion that was named one of Forbes magazine's 2017 100 Best Banks in America (there are over 6,200 banks in the United States). A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender that provides a range of banking services to small and medium-sized businesses, professionals, individuals and families through offices in Pennsylvania, New York, Rhode Island, New Hampshire, Massachusetts and New Jersey. Committed to fostering 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 Concierge Banking® by appointment at customers’ homes or offices 12 hours a day, seven days a week. Customers Bank offers a continually expanding portfolio of loans to small businesses, multi-family projects, mortgage companies and consumers.
Customers Bancorp, Inc. voting common shares are listed on the New York Stock Exchange under the symbol CUBI. Additional information about Customers Bancorp, Inc. can be found on the Company’s website, www.customersbank.com.