Customers Bank, the $21-billion asset subsidiary of Customers Bancorp (NYSE:CUBI), is laying the groundwork for continued deposit growth in commercial and specialty banking divisions, enhancing its C-suite to incorporate significant, top-level expertise and capabilities.
A new role of Chief Banking Officer will be filled by Lyle Cunningham, a long-standing member of the company who most recently served as Executive Vice President, Chief Lending Officer & Head of Corporate and Specialized Banking. Additionally, the Bank has named Nick Robinson as Chief Risk Officer, who hails from a top 10 bank in the U.S. Robinson will collaborate closely with Joan Cheney, who is transitioning to the Deputy Chief Risk Officer role.
“Customers Bank has grown into one of the nation’s top-performing banks, and as we position ourselves for the next stage of our journey, we must remain cognizant of the rapidly evolving environment around us and all its associated risks and opportunities,” said CEO Sam Sidhu. “We are fortunate to count some of the most talented professionals in the financial services industry among our ranks, and their dedication to delivering exceptional customer service and forward-thinking technological solutions, all with an eye toward prudent risk management, will be key to our continued success.”
CUBI shares started out Monday up 88 cents, or 1.8%, to $48.79.
