WEST READING, Pa.–(BUSINESS WIRE)–$CUBI #FTX–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 e
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