{"id":813715,"date":"2025-02-17T08:47:04","date_gmt":"2025-02-17T13:47:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-berger-montague-pc-investigates-customers-bancorp-inc-s-board-of-directors-for-breach-of-fiduciary-duties-nyse-cubi-2\/"},"modified":"2025-02-17T08:47:04","modified_gmt":"2025-02-17T13:47:04","slug":"investigation-alert-berger-montague-pc-investigates-customers-bancorp-inc-s-board-of-directors-for-breach-of-fiduciary-duties-nyse-cubi-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-berger-montague-pc-investigates-customers-bancorp-inc-s-board-of-directors-for-breach-of-fiduciary-duties-nyse-cubi-2\/","title":{"rendered":"INVESTIGATION ALERT: Berger Montague PC Investigates Customers Bancorp, Inc.\u2019s Board Of Directors For Breach of Fiduciary Duties (NYSE: CUBI)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">PHILADELPHIA, Feb.  17, 2025  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Yk-JExigNWhkh6ZJb53EcAvgvnoi2HQvA8zeaswhpyTgfCuy9WmsJt0hhvNBpQPSzNVN3Be_6ccUuxrREfJzgDiS1cIXiQO5pcad_U4nBDI=\" rel=\"nofollow\" target=\"_blank\"><u>Berger Montague<\/u><\/a> advises shareholders of CUSTOMERS BANCORP, INC. (NYSE: CUBI) about an investigation into Customers Bancorp\u2019s Board of Directors for potential breaches of fiduciary duties to the company and its shareholders.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>Shareholders of CUSTOMERS BANCORP may learn more about this investigation by contacting Berger Montague: Andrew Abramowitz at <\/em><br \/>\n        <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ew1_6IRWkNAeo_OZl8P9YErCmOESEeVTfn8cmTdJhKPuBtizMjrM43HLtWNxZGF4bqEB2I9AR1DBA3EW8J64w7DEOPNehn45iCVB1BYtgXk=\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <em><br \/>\n              <u>aabramowitz@bm.net<\/u><br \/>\n            <\/em><br \/>\n          <\/strong><br \/>\n        <\/a><br \/>\n        <strong><br \/>\n          <em> or (215) 875-3015, or Peter Hamner at <\/em><br \/>\n        <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JDnsVuZqHAiibVAWdylS8mMJMGQs4VBtqNsLvtz1TtJOjxpk73saGFYN0xjdkZOINyNcqsqkCL6kBJNJYZG13Q==\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <em><br \/>\n              <u>phamner@bm.net<\/u><br \/>\n            <\/em><br \/>\n          <\/strong><br \/>\n        <\/a><br \/>\n        <strong><br \/>\n          <em>, or <\/em><br \/>\n        <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=pR8SdSZyxQcLLSCpUn8ZEooZ4Dfs684wVz5kfSa9_DWrNV1G2JqrJ5_vnX86HUwolsOOameDWof9Z5_iClb6je-283fij_2gBJ47IICOcY8loIIpwYRTrBlOfD_bH0i6\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <em><br \/>\n              <u>CLICK HERE<\/u><br \/>\n            <\/em><br \/>\n          <\/strong><br \/>\n        <\/a>.<\/p>\n<p align=\"justify\">Headquartered in West Reading, PA, Customers Bancorp is a bank holding company.<\/p>\n<p align=\"justify\">On August 8, 2024, the Federal Reserve announced an enforcement action against Customers Bancorp. This announcement revealed that the Federal Reserve had \u201c<strong><em>identified significant deficiencies<\/em><\/strong> related to the Bank\u2019s risk management practices and compliance with the applicable laws, rules, and regulations relating to <strong><em>anti-money laundering (\u2018AML\u2019), including the Bank Secrecy Act [\u2018BSA\u2019].<\/em><\/strong><em>\u201d<\/em>\u00a0<\/p>\n<p align=\"justify\">After market hours on the same day, Customers Bancorp disclosed a consent order by the Commonwealth of Pennsylvania, Department of Banking and Securities, Bureau of Bank Supervision, stating that \u201cthese deficiencies give the Bureau reason to believe that the <strong><em>Bank had engaged in unsafe or unsound banking practices relating to BSA\/AML Requirements<\/em><\/strong>.\u201d\u00a0<\/p>\n<p align=\"justify\">\n        <strong>Whistleblowers:\u00a0<\/strong>Persons with non-public information regarding Customers Bancorp are encouraged to confidentially assist Berger Montague\u2019s investigation or take advantage of the SEC Whistleblower program. Under this program, whistleblowers who provide original information may receive rewards totaling up to thirty percent (30%) of recoveries obtained by the SEC. For more information, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nh2nA6RsxYQ11nuW5i68AXscMUR3TFa5bz0bPj8olz2ZaMSPhVETLUoEOiPsGKYXv2v2aFTXRsNIIcVk6pxiHyyXpuiq7BvuyjeRoJwatC5943XJd03nvleIdvgxWbBo\" rel=\"nofollow\" target=\"_blank\"><u>contact us<\/u><\/a>.<\/p>\n<p align=\"justify\">Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jpqC_2l6hhj_cixKJy1uoqYqdpbqpREojy5Or11QgDriHxOLnYMReBzSOSc2iSBPhDGRCeKGDayQ_Zr9IX6K_F924YG25qLFdLDmy0RBz1Yq2twjEoqv_SLZo5aySElT\" rel=\"nofollow\" target=\"_blank\"><u>securities class action litigation<\/u><\/a> since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.<\/p>\n<p>Contact:<\/p>\n<p align=\"justify\">Andrew Abramowitz, Senior Counsel<br \/>Berger Montague<br \/>(215) 875-3015<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ew1_6IRWkNAeo_OZl8P9YJjaBWL587xzbRsf8WEMVENtpY1h89_ALdwXGf9FLDSy_4ePHzPBAhrSpHwL5wPyqEDQgMR3uPHhIDY4naxIe0U=\" rel=\"nofollow\" target=\"_blank\"><u>aabramowitz@bm.net<\/u><\/a>\u00a0\u00a0<\/p>\n<p align=\"justify\">Peter Hamner<br \/>Berger Montague PC<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JDnsVuZqHAiibVAWdylS8nlt7JNZsDQefkNpdPeTdi5JooJx4b_l4GlWOzISQ8d1Clk6aVFnwQbSoB2rGvIpng==\" rel=\"nofollow\" target=\"_blank\"><u>phamner@bm.net<\/u><\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM1OTMyMCM2NzUzNTg2IzIwODI5NjI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NzhlZjUyODYtN2I2OS00N2I2LTg3MzktMWJmYmI2MGRlMzQ1LTEwOTQ1MzM=\/tiny\/Berger-Montague.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PHILADELPHIA, Feb. 17, 2025 (GLOBE NEWSWIRE) &#8212; Berger Montague advises shareholders of CUSTOMERS BANCORP, INC. (NYSE: CUBI) about an investigation into Customers Bancorp\u2019s Board of Directors for potential breaches of fiduciary duties to the company and its shareholders. Shareholders of CUSTOMERS BANCORP may learn more about this investigation by contacting Berger Montague: Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Peter Hamner at phamner@bm.net , or CLICK HERE . Headquartered in West Reading, PA, Customers Bancorp is a bank holding company. On August 8, 2024, the Federal Reserve announced an enforcement action against Customers Bancorp. This announcement revealed that the Federal Reserve had \u201cidentified significant deficiencies related to the Bank\u2019s risk management practices and compliance with the applicable laws, rules, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-berger-montague-pc-investigates-customers-bancorp-inc-s-board-of-directors-for-breach-of-fiduciary-duties-nyse-cubi-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTIGATION ALERT: Berger Montague PC Investigates Customers Bancorp, Inc.\u2019s Board Of Directors For Breach of Fiduciary Duties (NYSE: CUBI)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-813715","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVESTIGATION ALERT: Berger Montague PC Investigates Customers Bancorp, Inc.\u2019s Board Of Directors For Breach of Fiduciary Duties (NYSE: CUBI) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-berger-montague-pc-investigates-customers-bancorp-inc-s-board-of-directors-for-breach-of-fiduciary-duties-nyse-cubi-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTIGATION ALERT: Berger Montague PC Investigates Customers Bancorp, Inc.\u2019s Board Of Directors For Breach of Fiduciary Duties (NYSE: CUBI) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PHILADELPHIA, Feb. 17, 2025 (GLOBE NEWSWIRE) &#8212; Berger Montague advises shareholders of CUSTOMERS BANCORP, INC. (NYSE: CUBI) about an investigation into Customers Bancorp\u2019s Board of Directors for potential breaches of fiduciary duties to the company and its shareholders. Shareholders of CUSTOMERS BANCORP may learn more about this investigation by contacting Berger Montague: Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Peter Hamner at phamner@bm.net , or CLICK HERE . Headquartered in West Reading, PA, Customers Bancorp is a bank holding company. On August 8, 2024, the Federal Reserve announced an enforcement action against Customers Bancorp. This announcement revealed that the Federal Reserve had \u201cidentified significant deficiencies related to the Bank\u2019s risk management practices and compliance with the applicable laws, rules, &hellip; Continue reading &quot;INVESTIGATION ALERT: Berger Montague PC Investigates Customers Bancorp, Inc.\u2019s Board Of Directors For Breach of Fiduciary Duties (NYSE: CUBI)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-berger-montague-pc-investigates-customers-bancorp-inc-s-board-of-directors-for-breach-of-fiduciary-duties-nyse-cubi-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-17T13:47:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM1OTMyMCM2NzUzNTg2IzIwODI5NjI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-berger-montague-pc-investigates-customers-bancorp-inc-s-board-of-directors-for-breach-of-fiduciary-duties-nyse-cubi-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-berger-montague-pc-investigates-customers-bancorp-inc-s-board-of-directors-for-breach-of-fiduciary-duties-nyse-cubi-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"INVESTIGATION ALERT: Berger Montague PC Investigates Customers Bancorp, Inc.\u2019s Board Of Directors For Breach of Fiduciary Duties (NYSE: CUBI)\",\"datePublished\":\"2025-02-17T13:47:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-berger-montague-pc-investigates-customers-bancorp-inc-s-board-of-directors-for-breach-of-fiduciary-duties-nyse-cubi-2\\\/\"},\"wordCount\":327,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-berger-montague-pc-investigates-customers-bancorp-inc-s-board-of-directors-for-breach-of-fiduciary-duties-nyse-cubi-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTM1OTMyMCM2NzUzNTg2IzIwODI5NjI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-berger-montague-pc-investigates-customers-bancorp-inc-s-board-of-directors-for-breach-of-fiduciary-duties-nyse-cubi-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-berger-montague-pc-investigates-customers-bancorp-inc-s-board-of-directors-for-breach-of-fiduciary-duties-nyse-cubi-2\\\/\",\"name\":\"INVESTIGATION ALERT: Berger Montague PC Investigates Customers Bancorp, Inc.\u2019s Board Of Directors For Breach of Fiduciary Duties (NYSE: CUBI) - 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(NYSE: CUBI) about an investigation into Customers Bancorp\u2019s Board of Directors for potential breaches of fiduciary duties to the company and its shareholders. Shareholders of CUSTOMERS BANCORP may learn more about this investigation by contacting Berger Montague: Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Peter Hamner at phamner@bm.net , or CLICK HERE . Headquartered in West Reading, PA, Customers Bancorp is a bank holding company. On August 8, 2024, the Federal Reserve announced an enforcement action against Customers Bancorp. This announcement revealed that the Federal Reserve had \u201cidentified significant deficiencies related to the Bank\u2019s risk management practices and compliance with the applicable laws, rules, &hellip; Continue reading \"INVESTIGATION ALERT: Berger Montague PC Investigates Customers Bancorp, Inc.\u2019s Board Of Directors For Breach of Fiduciary Duties (NYSE: CUBI)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-berger-montague-pc-investigates-customers-bancorp-inc-s-board-of-directors-for-breach-of-fiduciary-duties-nyse-cubi-2\/","og_site_name":"Market Newsdesk","article_published_time":"2025-02-17T13:47:04+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM1OTMyMCM2NzUzNTg2IzIwODI5NjI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-berger-montague-pc-investigates-customers-bancorp-inc-s-board-of-directors-for-breach-of-fiduciary-duties-nyse-cubi-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-berger-montague-pc-investigates-customers-bancorp-inc-s-board-of-directors-for-breach-of-fiduciary-duties-nyse-cubi-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"INVESTIGATION ALERT: Berger Montague PC Investigates Customers Bancorp, Inc.\u2019s Board Of Directors For Breach of Fiduciary Duties (NYSE: CUBI)","datePublished":"2025-02-17T13:47:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-berger-montague-pc-investigates-customers-bancorp-inc-s-board-of-directors-for-breach-of-fiduciary-duties-nyse-cubi-2\/"},"wordCount":327,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-berger-montague-pc-investigates-customers-bancorp-inc-s-board-of-directors-for-breach-of-fiduciary-duties-nyse-cubi-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM1OTMyMCM2NzUzNTg2IzIwODI5NjI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-berger-montague-pc-investigates-customers-bancorp-inc-s-board-of-directors-for-breach-of-fiduciary-duties-nyse-cubi-2\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-berger-montague-pc-investigates-customers-bancorp-inc-s-board-of-directors-for-breach-of-fiduciary-duties-nyse-cubi-2\/","name":"INVESTIGATION ALERT: Berger Montague PC Investigates Customers Bancorp, Inc.\u2019s Board Of Directors For Breach of Fiduciary Duties (NYSE: CUBI) - 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