Recent Updates — CUBI-PF
Customers Bancorp, Inc. entered into a First Amended Employment Agreement with Mark R. McCollom, Executive Vice President and Chief Financial Officer, effective July 24, 2026. The amendment to his employment terms includes an automatic one-year term extension on each anniversary, a reduced notice period for termination from 60 to 45 days, a release of claims requirement for severance, and new restrictive covenants prohibiting competition for 12 months. Customers Bancorp, Inc. is a financial services company providing banking services.
Customers Bancorp, Inc. entered into a Supplemental Executive Retirement Plan for Lyle Cunningham on July 8, 2026, which provides monthly lifetime benefits of $12,500 upon retirement or early termination, along with change in control and disability benefits. The plan supersedes the April 2022 plan. Customers Bancorp, Inc. is a financial services company providing banking services.