Customers Bank ranked 6th by Bankrate as the best online bank of 2021

READING WEST, PA – (COMMERCIAL THREAD) – Customers Bank was recently named one of the “Best Online Banks of 2021” by Bankrate. The information service – which provides consumers and traders with unbiased analysis of rate information, industry news, and insight to make informed financial decisions – gathered insights and examined thousands of data points to determine the best banks in the country. Customers Bank finished in the top six.

“Being ranked among the top digital banks reaffirms our commitment to our digitization initiative and to being a leading, technologically-advanced digital company that delivers valuable online financial products designed to help our customers achieve their long-term goals, ”said Sam Sidhu, vice president. Chairman and Chief Executive Officer of the Bank of Customers. “Our commitment to providing best-in-class technology to consumers and businesses, including our new white label PPP program, has strengthened our national reputation as a leading digital bank. Awards like this underscore the value of our franchise.

Bankrate placed the greatest importance on savings interest rates and low cost or free checking accounts in identifying the best banks. Customers Bank received recognition for providing online deposit products to consumers living in most parts of the country.

Other key features that led Customers Bank to be selected as the best online bank included the low penalty fee for checking account overdrafts, which are lower than many other banks, and no monthly service charges on the account. high yield savings from the bank. Customers Bank’s commitment to providing easy access to customer service support over the phone seven days a week was another key factor that led to the bank’s high rating.

“This recognition underscores our commitment and success in delivering great digital experiences to our consumer and business customers,” added Jim Collins, Senior Executive Vice President and Chief Administrative Officer of Customers Bank. “It is also a testament to the efforts of our team members to achieve exceptional results. ”

This announcement follows Kiplinger’s recent ranking which identified Customers Bancorp as one of the “6 best financial stocks to buy” in 2021.

To learn more about Customers Bank or its products and services, visit www.banqueclients.com.

About the customer bank

Customers Bank, a subsidiary of Customers Bancorp, Inc. (NYSE: CUBI) a banking holding company, is a full-service community super bank with assets of approximately $ 18.8 billion as of September 30, 2020. A member of the Federal Reserve System with Deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender that provides a range of banking and lending services to small and medium businesses, professionals, individuals and families. Services and products are available wherever permitted by law through digital applications, online portals, and a network of offices and branches. Additional information is available on the company’s website, www.banqueclients.com.


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David A. Albanese

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