Customers Bancorp Inc. 5.375% Preferred Stock (CUBB)

Overview

Customers Bancorp, Inc. operates as the bank holding company for Customers Bank, offering a comprehensive suite of financial products and services aimed at individual consumers, as well as small and middle market businesses. Founded in 2010 and based in West Reading, Pennsylvania, the company is focused on providing innovative banking solutions, incorporating digital technologies to meet the evolving needs of its clientele. With a strong emphasis on personalized service and customer satisfaction, Customers Bancorp, Inc. endeavors to support the financial well-being of its customers through a variety of banking and financial services.

Products and Services

Deposit Banking Products: The company's deposit banking products cater to both commercial and consumer customers, offering checking accounts (both commercial and consumer), non-interest-bearing and interest-bearing demand accounts, Money Market Deposit Accounts (MMDA), savings accounts, and time deposit accounts. These products are designed to provide secure and convenient options for managing funds.

Lending Business: Their lending services include commercial and industrial loans, commercial real estate loans, multifamily and residential mortgage loans, and Small Business Administration (SBA) lending and financing. They also offer specialty lending services such as fund finance, real estate specialty finance, technology and venture lending, healthcare and financial institutions group lending, commercial loans to mortgage companies, and commercial equipment financing. This comprehensive suite of lending products aims to meet the diverse needs of businesses and individuals.

Specialty Lending: This includes fund finance, offering variable rate loans secured by collateral pools to private debt funds. By catering to niche markets and sectors, Customers Bancorp, Inc. demonstrates its commitment to supporting a wide array of business ventures with tailored financial solutions.

Banking-as-a-Service (BaaS) and Digital Banking: Customers Bancorp, Inc. leverages digital technology to provide Banking-as-a-Service to fintech companies, enhancing the digital banking experience. This includes offering payments and treasury services to businesses, and consumer loans through fintech companies. Additionally, the TassatPay platform enables blockchain-based instant B2B payments, catering to over-the-counter desks, exchanges, liquidity providers, market makers, funds, and other business sectors, showcasing the bank's innovation in financial technology solutions.

Cash Management Services: The company offers an array of cash management services including mobile phone and internet banking, wire transfers, electronic bill payment, lock box services, remote deposit capture, courier services, merchant processing, cash vault services, controlled disbursements, positive pay, and account reconciliation, collections, and sweep accounts. These services are designed to optimize the management and operation of business finances, ensuring efficiency and security.