Customers Bancorp, Inc. Provides Digital Asset Banking Update
November 16 2022 - 8:35AM
Business Wire
Customers Bancorp, Inc. (NYSE: CUBI) the holding company which
owns banking subsidiary Customers Bank (the "Bank") with assets
over $20 billion and a leading provider of banking services to
technology companies, announced today that the bankruptcy of FTX
and its related companies has no material impact on the Bank.
Customers Bank does not have a deposit relationship with FTX or
any related companies and has no loans to any customers in the
Digital Asset Banking space.
Further, as of November 15, 2022, the Bank’s CBIT related
deposit balances were stable at $1.85 billion.
Institutional Background Customers Bancorp, Inc.
(NYSE:CUBI) is one of the nation’s top-performing banking companies
with over $20 billion in assets, making it one of the 100 largest
bank holding companies in the US. Through its primary subsidiary,
Customers Bank, commercial and consumer clients benefit from a full
suite of technology-enabled tailored product experience delivered
by best-in-class customer service. A pioneer in
Banking-as-a-Service and digital banking products, Customers Bank
is one of the only banks that provides a blockchain-based 24/7/365
digital payment solution to its customers. In addition to
traditional lines such as C&I lending, commercial real estate
lending, and multi-family lending, Customers Bank also provides a
number of national corporate banking services for Lender Finance,
Fund Finance, Financial Institutions, Technology and Venture, and
Healthcare clients. Major accolades include:
- #3 top-performing bank with over $10 billion in assets at
year-end 2021 per S&P Global S&P Global Market
Intelligence,
- #6 in top-performing banks with assets between $10 billion and
50 billion in 2021 per American Banker, and
- #21 out of the 100 largest publicly traded banks in 2022 per
Forbes.
A member of the Federal Reserve System with deposits insured by
the Federal Deposit Insurance Corporation, Customers Bank is an
equal opportunity lender. Learn more: www.customersbank.com.
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David Patti, Communications Director 610-451-9452
Customers Bancorp (NYSE:CUBI)
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