Customers Bancorp CEO Jay Sidhu to retire; son Sam Sidhu to succeed as CEO effective Jan 1, 2026

Customers Bancorp, Inc.

Jay Sidhu retires as CEO, becomes Executive Chairman of both Bancorp and Bank effective Jan 1, 2026.
Sam Sidhu appointed CEO; retains titles as President of Bancorp and President/CEO of Bank.
Under Sam Sidhu's leadership since 2021, assets doubled to $22B; stock price up ~500% over 5 years.
Board granted Sam Sidhu 225k performance-based RSUs vesting when stock hits $125 avg for 20 days and employment through Jan 1, 2031.
Jay Sidhu grew the bank from $200M to $22B assets and to ~$2B market cap without material acquisitions.

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