---
schema_version: "secwatch.filing_event.v1"
accession: "0001488813-22-000100"
form_type: "8-K"
ticker: "CUBI"
cik: "0001488813"
company_name: "Customers Bancorp, Inc."
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T18:01:16.406699+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Customers Bancorp settles PPP disputes with Kabbage, reduces accrued fees from $65.5M to $58M

## Summary
- Settlement reduces fees payable to KServicing from ~$65.5M to $58M, less amounts due from KServicing; subject to court approval.
- KServicing will maintain PPP loan servicing through March 31, 2023 or until transferred to alternate servicer.
- Each party releases the other from claims related to the PPP disputes and contractual agreements.
- Bank states amounts already accrued; final settlement not expected to have material financial impact.

## SEC filing metadata
- accession: 0001488813-22-000100
- form_type: 8-K
- ticker: CUBI
- cik: 0001488813
- company_name: Customers Bancorp, Inc.
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1488813/000148881322000100/0001488813-22-000100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1488813/000148881322000100/cubi-20221027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001488813-22-000100
- JSON: https://secwatch.observer/filing/0001488813-22-000100.json
- Plain text: https://secwatch.observer/filing/0001488813-22-000100.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.