Customers Bank Strengthens Leadership to Boost Growth and Risk Management

Customers Bank

WEST READING, PA — Customers Bank, a key subsidiary of Customers Bancorp (NYSE: CUBI), is proactively enhancing its executive team to support ongoing deposit growth in its commercial and specialty banking areas. The bank has introduced a new executive position, Chief Banking Officer, appointing Lyle Cunningham, a seasoned company veteran, to the role. Cunningham, previously the Executive Vice President, Chief Lending Officer, and Head of Corporate and Specialized Banking, will now oversee all lending and deposit functions, leveraging nearly 40 years of industry experience.

Simultaneously, Customers Bank has appointed Nick Robinson as Chief Risk Officer. Robinson joins the bank from a leading U.S. financial institution, bringing over 25 years of experience in risk management, compliance, and operations. His role will involve identifying and mitigating risks, ensuring robust risk controls, and fostering a culture of risk awareness within the bank. Robinson will work closely with Joan Cheney, who has transitioned to the Deputy Chief Risk Officer role, to enhance the bank’s risk management capabilities.

“Customers Bank has grown into one of the nation’s top-performing banks, and as we position ourselves for the next stage of our journey, we must remain cognizant of the rapidly evolving environment around us and all its associated risks and opportunities,” said Sam Sidhu, President and CEO of Customers Bank. “We are fortunate to count some of the most talented professionals in the financial services industry among our ranks, and their dedication to delivering exceptional customer service and forward-thinking technological solutions, all with an eye toward prudent risk management, will be key to our continued success.”

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These strategic leadership changes aim to assist Customers Bank in navigating future challenges with agility and confidence, ensuring sustained growth and enhanced risk management in a competitive financial landscape.

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