Operator
Good day, and thank you for standing by. Welcome to the Customers Bancorp Inc. Second Quarter Earnings Conference Call. [Operator Instructions]
[Operator Instructions] I would now like to hand the conference over to your speaker today, David Patty. Please go ahead.
David W. Patti
Director, Marketing and Communications
Thank you, Alicia, and good morning, everyone. Thank you for joining us for the Customer Bancorp s earnings call for the second quarter of 2021. The presentation deck you will see during today s webcast has been posted on the Investor Relations page of the bank s website at www.customersbank.com. You can access the deck by clicking a red button marked latest earnings presentation. Our investor presentation includes important details that we will walk through on this morning s webcast. I encourage you to use, download or print the document. Before we begin, we would like to remind you that some of the statements we make today may be considered forward-lo
Customers Bancorp, Inc Announces Andrew B Sachs as New General Counsel apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Other lenders also have backlogs awaiting SBA approval, and more applications they could have submitted.
Chris Hurn, the chief executive of Fountainhead Commercial Capital, a non-bank lender, said he has a backlog of more than 60,000 applications pending validation from the SBA, and nearly 35,000 more that could be submitted if the portal weren t closed. Everybody s going to be waiting now to see what the SBA does, if anything, said Hurn.
One year of PPP
The PPP was established in March 2020 as part of the CARES Act in response to the coronavirus pandemic. Since its inception, the program has given more than $780 billion in forgivable loans to more than 10.7 million borrowers, according to the latest available data.
Special Advisor to CEO of Customers Bancorp, Inc. (NYSE:CUBI), Issa Steven, sells 928 shares worth $32,545
According to Customers Bancorp, Inc. s most recent Statement Of Changes In Beneficial Ownership - Form 4 filing with the SEC dated May 03 02:06 PM, company Special Advisor to CEO, Issa Steven disclosed selling 928 shares at a cost of $35.07. At the time of this transaction (May 03), this trade was worth $32,545 in total. As of May 03, Issa Steven now owns 20,019 shares in total worth about $700,264.62.
For the last few recent trades made by Customers Bancorp, Inc. (NYSE:CUBI) Special Advisor to CEO, Issa Steven, we have the following information: