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Customers Bancorp to open loan offices in Texas, Florida

Customers Bancorp to open loan offices in Texas, Florida
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Customers Bancorp Discloses Favorable Mid-Quarter Financial Trends - Press Release

Customers Bancorp Discloses Favorable Mid-Quarter Financial Trends - Press Release
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Customers Bancorp Discloses Favorable Mid-Quarter Financial Trends

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Customers Bancorp (NYSE:CUBI) ( the Company ) is hosting a special webcast at 10 a.m. EST today with the investment community to discuss the pending divestiture of BankMobile Technologies, Inc. and offer commentary regarding the Company s mid-quarter financial performance. Registration information for the webcast and other details are provided later in this release.
Customers Bancorp is pleased to report that its financial performance quarter-to-date has remained favorable, despite significant headwinds stemming from the pandemic and related economic dislocation. Consistent with our expectation, asset quality has been stable as evidenced, most notably, by trends in nonperforming assets and net charge-offs. Nonperforming assets were $69.3 million or 0.38% of total assets at November 30, 2020, up modestly from $63.7 million or 0.34% of total assets at September 30, 2020. The pace of net charge-offs has slowed recently, totaling only $5.3 million in October and Novembe ....

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Customers Bancorp Announces Record Date For Conditional Special Distribution In Connection With BankMobile Divestiture

Press release content from Business Wire. The AP news staff was not involved in its creation.
Customers Bancorp Announces Record Date For Conditional Special Distribution In Connection With BankMobile Divestiture
December 9, 2020 GMT
WEST READING, Pa. (BUSINESS WIRE) Dec 9, 2020
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank and its operating division BankMobile (collectively “Customers”), today announced that its Board of Directors has set December 18, 2020 as the record date for the previously announced conditional special distribution to be made to Customers Bancorp shareholders in connection with the pending transaction between Customers and Megalith Financial Acquisition Corp. (“Megalith”). At 10:00 AM EST on Friday, December 11, 2020, there will be a special webcast for investors and analysts. Registration information and other details are provided later in this release. ....

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