WYOMISSING, Pa., June 12, 2017 (GLOBE NEWSWIRE) -- Customers Bank, a community-based, full-service bank with assets of approximately $9.9 billion, has been named a top performing U.S. bank in the $2 billion-to-$10 billion asset class according to a report recently published by American Banker Magazine. The report, compiled by management consulting firm Capital Performance Group, ranks Customers Bank in the top 20 percent of the nearly 240 banks studied based on three-year average return on equity for 2014 to 2016. Based on the report, Customers Bank places as #3 nationally among banks with $8 billion to $10 billion in assets, and #3 among Pennsylvania and New Jersey banks listed.
“Those (banks) that invest wisely in the businesses that best support revenue growth are the ones that are able to improve profitability over time,” said Kevin Halsey, a Capital Performance Group consultant who compiled the data for this annual ranking. While noting that the top-performing banks in the report have little in common aside from their willingness to invest in growth, he added, “As you can see, there are many ways to be a top performer.”
Customers Bank’s success is based on its dedication to providing exceptional value, service and convenience to small and medium-sized businesses, professionals, individuals and families through a high-tech, high-touch approach. This ensures that customers have access to all the latest mobile and online banking tools while providing personalized service through a single point of contact.
“As a community bank, Customers Bank is built on providing customers with financial products and services that they want and need, while running an efficient business,” said Richard Ehst, President & COO, Customers Bank. “We are pleased to be recognized among the top-performing banks of our size. We take this recognition as further proof of the success and profitability of our customer-focused banking model, and of the impact that quality banking products can produce for the customers and communities we serve.”
Since 2009, Customers Bank’s assets have grown from $250 million to $9.9 billion. In addition to this latest ranking, Customers Bank has also been recognized among Forbes’ 2017 Best Banks in America, as the top chartered bank in Pennsylvania; and among Bank Director Magazine’s fastest growing banks, the Philadelphia Business Journal’s “Philadelphia 100,” and Lehigh Valley Business Journal’s Fastest Growing Companies.
About Customers Bank
Customers Bancorp, Inc. (NYSE:CUBI) is a bank holding company located in Wyomissing, Pennsylvania engaged in banking and related businesses through its bank subsidiary, Customers Bank. Customers Bank is a community-based, full-service bank with assets of approximately $9.9 billion that was named by Forbes magazine as the 35th Best Bank in America (there are over 6,200 banks in the United States). A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender that provides a range of banking services to small and medium-sized businesses, professionals, individuals and families through offices in Pennsylvania, New York, Rhode Island, Massachusetts, New Hampshire, and New Jersey. Committed to fostering customer loyalty, Customers Bank uses a High Tech/High Touch strategy that includes use of industry-leading technology to provide customers better access to their money, as well as Concierge Banking® by appointment at customers’ homes or offices 12 hours a day, seven days a week. Customers Bank offers a continually expanding portfolio of loans to small businesses, multi-family projects, mortgage companies and consumers.
Customers Bancorp, Inc. voting common shares are listed on the New York Stock Exchange under the symbol CUBI. Additional information about Customers Bancorp, Inc. can be found on the Company's website, www.customersbank.com.