Customers Bancorp, Inc.

Customers Bancorp, Inc.

Customers Bancorp, Inc.

Overview
Date Founded

1997

Headquarters

1015 PENN AVENUE SUITE 103 WYOMISSING PA 19610

Type of Company

Public

Employees (Worldwide)

830

Industries

Retail & Commercial Banking
Holding Companies

Company Description

Customers Bancorp, Inc. operates as a bank holding company, which engages in the provision of banking services through its subsidiary, Customers Bank. It operates through the Customers Bank Business Banking and BankMobile segments. The Customers Bank Business Banking segment include commercial customers in Southeastern Pennsylvania, New York, New Jersey, Massachusetts, Rhode Island, New Hampshire, Washington, D.C., and Illinois through a single-point-of-contact business model and provides liquidity to residential mortgage originators nationwide through commercial loans to mortgage companies. The BankMobile segment focuses in the state-of-the-art high-tech digital banking and disbursement services to consumers, students and the under banked nationwide, along with Banking as a Service offerings with existing and potential white label partners. The company was founded on April 7, 2010 and is headquartered in Wyomissing, PA.

Contact Data
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Executives & Employees

Chief Executive Officer

Chief Financial Officer, Treasurer & Executive Vice President

Secretary, Executive Vice President & General Counsel

Executive Vice President & Chief Credit Officer

Chief Accounting Officer

Chief Accounting Officer & Executive Vice President

President, Warehousing Lending

Group Director, Pennsylvania & New Jersey

Executive Vice President & Director Multi-Family & Investment CRE Lending

Executive Vice President & President Consumer Lending

Board of Directors

Chief Executive Officer at Customers Bancorp, Inc.

President & Chief Executive Officer at Planned Realty Group, Inc.

Former Chairman & Chief Executive Officer at Burkey Construction Co.

Former Chairman & Chief Executive Officer at Customers Bank

Former Director-Corporate Accounting at Bank One Corp.

Chairman at Cumru Associates, Inc.

Former Chief Lending Officer at Customers Bancorp, Inc.

Chief Operating Officer at Greater Philadelphia Chamber of Commerce

Paths to Customers Bancorp, Inc.
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Customers Bancorp, Inc.
Owners & Shareholders
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BCM uses their primary strategy solely within the financial services sector, and for other accounts they implement their strategy without any sector limitation. The firm’s primary investment methodology is value-oriented and opportunistic, employing extensive fundamental research and analysis to identify investments that are undervalued (or, in the case of short positions, overvalued) by the marketplace, and to identify proper entry and exit points. BCM’s strategies utilize leverage on a selective basis, primarily for investment purposes. A security becomes a co-investment opportunity (i) only if the position is or is intended to be held in some or all of the primary strategy accounts; (ii) the position reaches its desired allocation (in the discretion of the portfolio managers) in the primary strategy accounts and there is still available capacity in the name to make additional investments on behalf of co-investment clients.

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Aristotle Boston offers Small-Cap Equity and Small/Mid-Cap Equity investment strategies that aim to maximize long-term returns with great emphasis placed on capital appreciation and relatively little emphasis on current income. The firm's Small Cap Equity strategy seeks to achieve long-term returns versus the Russell 2000 Index with a focus on mitigating market risk. Aristotle Boston's Small/Mid-Cap Equity strategy seeks to achieve long-term returns versus the Russell 2500 Index with a focus on mitigating market risk. In each of their strategies, the firm looks for companies with a high probability of improving growth and profitability.

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Newtyn Management seeks higher-than-average appreciation in the value of their funds' assets, relative to the level of risk, by strategically investing and trading primarily in public company securities, with certain limited trading in futures and other derivatives. The funds pursue their objective by carefully selecting securities for purchase and by managing the portfolios overall degree of market exposure. The funds may hold both long and short positions in their chosen investments and may employ leverage at such times deemed appropriate by Newtyn. The funds' focus is on investment selection rather than market timing.

Recent Transactions
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Megalith Financial Acquisition Corp. purchases BankMobile Technologies, Inc. from Customers Bancorp, Inc. resulting in a new company BM Technologies, Inc.

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Megalith Financial Acquisition Corp. purchases BankMobile Technologies, Inc. from Customers Bancorp, Inc.

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Customers Bancorp, Inc. issued USD Common Stock

Insider Transactions
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Transaction Advisors
Underwriter

Advised onCustomers Bancorp, Inc. issued USD Common Stock

Legal Advisor

Advised onMegalith Financial Acquisition Corp. purchases BankMobile Technologies, Inc. from Customers Bancorp, Inc. resulting in a new company BM Technologies, Inc.

Investment Advisor

Advised onMegalith Financial Acquisition Corp. purchases BankMobile Technologies, Inc. from Customers Bancorp, Inc. resulting in a new company BM Technologies, Inc.

Legal Advisor

Advised onCustomers Bancorp, Inc. issued USD Common Stock

Co-Chair, Public Companies

Advised onCustomers Bancorp, Inc. issued USD Common Stock

Legal Advisor

Advised onMegalith Financial Acquisition Corp. purchases BankMobile Technologies, Inc. from Customers Bancorp, Inc. resulting in a new company BM Technologies, Inc.

Advisors & Consultants
Legal Advisor

Executive Vice President, General Counsel & Corporate Secretary at Customers Bank

Clients

Higher One Holdings, Inc. provides technology-based refund disbursement, payment processing, and data analytics services to education institutions. Its products and services include the refund management disbursement service, CASHNet payment processing suite, and campus labs products. The company was founded by Mark Volchek and Miles Lasater in 2000 and is headquartered in Washington, DC.

Key Stats and Financials As of 2020
Market Capitalization
$1.13B
Total Enterprise Value
$6.56B
Earnings Per Share
$3.74
Revenue
$647M
Net Profit
$133M
Total Debt
$5.84B
Total Equity
$1.12B
Enterprise Value / Sales
10.13x
TEVNet Income
49.45x
Debt TEV
0.89x
Three Year Compounded Annual Growth Rate Of Revenue
11.75%
Competitors
Bank of America Corp. Retail & Commercial Banking - Charlotte, NC

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other.

Wells Fargo & Co. Retail & Commercial Banking - Minneapolis, MN

Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. It firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, and Other. The Community Banking segment offers complete line of diversified financial products and services for consumers and small businesses including checking and savings accounts, credit and debit cards, and automobile, student, and small business lending. The Wholesale Banking segment provides financial solutions to businesses across the United States and globally. The Wealth and Investment Management segment includes personalized wealth management, investment and retirement products and services to clients across U.S. based businesses. The Other segment refers to the products of WIM customers served through community banking distribution channels. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.

Truist Financial Corp. Retail & Commercial Banking - Charlotte, NC

Truist Financial Corp. operates as a financial holding company, which engages in the provision of banking services to individuals, businesses and municipalities. The firm offers a variety of loans and lease financing to individuals and entities, including insurance premium financing, permanent commercial real estate financing arrangements, loan servicing for third-party investors, direct consumer finance loans to individuals, credit card lending, automobile financing and equipment financing. It also markets a range of other services, including deposits, life insurance, property and casualty insurance, health Truist Financial Corp. operates as a financial holding company. It engages in the provision of banking services to individuals, businesses and municipalities. The company operates through the following segments: Consumer Banking and Wealth; Corporate and Commercial Banking; and Insurance Holdings. The firm offers a variety of loans and lease financing to individuals and entities, including insurance premium financing, permanent commercial real estate financing arrangements, loan servicing for third-party investors, direct consumer finance loans to individuals, credit card lending, automobile financing and equipment financing. It also markets a range of other services, including deposits, life insurance, property and casualty insurance, health insurance and commercial general liability insurance on an agency basis and through a wholesale insurance brokerage operation, merchant services, trust and retirement services, comprehensive wealth advisory services, asset management and capital markets services. The company was founded on December 6, 2019 and is headquartered in Charlotte, NC. insurance and commercial general liability insurance on an agency basis and through a wholesale insurance brokerage operation, merchant services, trust and retirement services, comprehensive wealth advisory services, asset management and capital markets services. The company was founded on December 6, 2019 and is headquartered in Charlotte, NC.

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