{"id":814107,"date":"2025-02-18T08:35:40","date_gmt":"2025-02-18T13:35:40","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/forbes-names-customers-bank-one-of-americas-best-banks\/"},"modified":"2025-02-18T08:35:40","modified_gmt":"2025-02-18T13:35:40","slug":"forbes-names-customers-bank-one-of-americas-best-banks","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/forbes-names-customers-bank-one-of-americas-best-banks\/","title":{"rendered":"Forbes Names Customers Bank One of America’s Best Banks"},"content":{"rendered":"

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Forbes Names Customers Bank One of America’s Best Banks<\/b><\/p>\n

Seventh year Bank has earned recognition<\/i><\/p>\n

WEST READING, Pa.–(BUSINESS WIRE<\/a>)–Customers Bank<\/a>, the over $22 billion asset subsidiary of Customers Bancorp (NYSE: CUBI), has been named one of America\u2019s Best Banks by Forbes. This is the seventh year Customers Bank has earned this important recognition.\n<\/p>\n

\nForbes\u2019 16th annual America\u2019s Best Banks list looks at the 200 largest publicly traded banks and thrifts by assets. It then ranks the top 100 by measuring growth, credit quality and profitability for the 12 months ending September 30, 2024, and stock performance for the 12 months ending January 10, 2025.\n<\/p>\n

\n\u201cCustomers Bank is thrilled to be recognized as one of America\u2019s Best Banks,\u201d said Sam Sidhu, president and CEO of Customers Bank. \u201cWe adhere to a unique operating model that is anchored around a single point of contact, a focused product offering and a culture of exceptional customer service. This recognition from Forbes highlights our financial strength and commitment to outstanding credit quality.\u201d\n<\/p>\n

\nIntroduced in 2008, Forbes\u2019 annual America’s Best Banks list evaluates net interest margin, return on average tangible common equity, return on average assets, CET1 ratio, efficiency ratio, nonperforming assets as a percentage of total assets, reserves as a percentage of total assets, risk-based capital ratio, operating revenue growth, and net charge-offs as a percentage of total loans.\n<\/p>\n

\nFor more information about Forbes and its America\u2019s Best Banks list visit, forbes.com\/lists\/americas-best-banks<\/a>.\n<\/p>\n

Institutional Background
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<\/b>Customers Bancorp, Inc. (NYSE: CUBI) is one of the nation\u2019s top-performing banking companies with over $22 billion in assets, making it one of the 80 largest bank holding companies in the U.S. Customers Bank\u2019s commercial and consumer clients benefit from a full suite of technology-enabled tailored product experiences delivered by best-in-class customer service distinguished by a Single Point of Contact approach. In addition to traditional lines such as C&I lending, commercial real estate lending and multifamily lending, Customers Bank also provides a number of national corporate banking services to specialized lending clients. Major accolades include:\n<\/p>\n