secwatch.observer — SEC 8-K summary
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Issuer:     Customers Bancorp, Inc. (CUBI)
CIK:        0001488813
Form:       8-K
Filed at:   2024-04-12T23:59:59+00:00
Accession:  0001488813-24-000016
Event type: leadership
Sentiment:  negative
Materiality: 0.75
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Customers Bancorp CFO Carla Leibold terminated for cause; Philip Watkins named successor
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- Carla A. Leibold terminated as CFO on April 10, 2024 for violating Company policy; she disputes the characterization.
- Philip Watkins promoted to CFO of Customers Bancorp, effective April 12, 2024.
- Watkins had served as CFO of Customers Bank since January 2023 and joined the bank in January 2020.
- No material changes to Watkins' compensation or new plans/grants in connection with the appointment.
- Watkins previously served as CFO of Megalith Financial Acquisition Corp (NYSE: MFAC) until January 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1488813/000148881324000016/0001488813-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1488813/000148881324000016/cubi-20240410.htm
  HTML page:      https://secwatch.observer/filing/0001488813-24-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer