- Customers Bancorp, Inc. (CUBI, Financial) shareholders approved all proposals in the virtual annual meeting.
- Three directors were elected, and Deloitte & Touche LLP was appointed as the independent registered public accounting firm.
- The "say on pay" proposal received strong support, reflecting investor approval of executive compensation.
In a virtual annual meeting held on May 27, 2025, shareholders of Customers Bancorp, Inc. (CUBI), the parent company of Customers Bank, approved all proposals on the agenda. The meeting saw the election of three directors and the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
Customers Bancorp shareholders also expressed their support for a nonbinding "say on pay" proposal, which pertains to the compensation of the company's named executive officers. While nonbinding, the Board and its Leadership Development and Compensation Committee consider shareholder feedback integral for future compensation practices.
"As we reflect on the past year, we are pleased with our progress and excited about the future of Customers Bank," stated Jay Sidhu, Chair & CEO of Customers Bancorp. The bank is recognized for its unique business model and superior customer service, contributing to its position as one of the nation's top-performing banking companies, with assets exceeding $22 billion.
Board-approved directors include Andrea R. Allon and Bernard B. Banks for terms expiring in 2028, and Daniel K. Rothermel for a term expiring in 2026. Customers Bancorp, Inc. has earned significant accolades, ranking No. 1 on American Banker's 2024 list of top-performing banks with assets ranging from $10 billion to $50 billion. The company's commitment to delivering outstanding value is underscored by its strong Net Promoter Score of 73, far above the industry average.
