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By Rhonda Miller
PBN Staff Writer
WYOMISSING, Pa. – Customers Bancorp Inc. Chairman and CEO Jay Sidhu rang the opening bell at the NASDAQ MarketSite in Times Square on May 30 to mark the company’s turnaround and period of growth, according to a press release from the bank.
“Our NASDAQ listing provides our company with a high quality, high value proposition in terms of security and confidence for our shareholders, as well as other potential investors, as we continue to move forward with our growth strategy,” Sidhu said.
Customers Bank earned top honors in Bank Director magazine’s 2013 Growth Leaders Ranking, which placed the bank in the top three places in three out of four performance categories among banks nationwide.
Customers Bancorp was established in September 2011 and since that time has grown from an approximately $250 million asset institution into a nearly $3.5 billion asset institution.
Customers Bank moved into the Rhode Island market with the March 29 acquisition of the regional business of Flagstar Bank. The bank has its regional headquarters in Providence, with a second regional office in Boston.