【student loan bankruptcy attorney near me】Wall Street Transcript Interview with Jay Sidhu, Chairman and CEO of Customers Bancorp, Inc. (CUBI)
时间:2024-09-29 12:25:43 出处:Encyclopedia阅读(143)
67 WALL STREET,student loan bankruptcy attorney near me New York - January 3, 2014 - The Wall Street Transcript has just published its Northeast and Mid-Atlantic Banks Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts.
The full issue is available by calling (212) 952-7433 or via
The Wall Street Transcript Online
.
Topics covered:
Interest Rates and Loan-Growth Strategies - Regulatory Outlook Gains Clarity - Regulatory Obstacles and Fee Income Replacement - Rise of Commercial and Industrial Lending - Pockets of Growth in Northeastern Banking - Annualized Loan Growth Acceleration - Prolonged Interest Rate Environment Challenges - Midcap Market Share Gains
Companies include:
Customers Bancorp, Inc. (CUBI) and many more.
In the following excerpt from the
Northeast and Mid-Atlantic Banks Report
, the Chairman and CEO of Customers Bancorp, Inc. (CUBI) discusses company strategy and the outlook for this vital industry:
TWST: What does Customers Bank look like today by the numbers?
Mr. Sidhu:
From 2009 through 2010, we focused on fixing the credit problems of the company as well as developing a differentiated and sustainable growth strategy. Our model was built on being well-capitalized, extremely strong in risk management, and attracting and retaining world-class talent and providing excellent customer service. We started executing that and have demonstrated so far more than above-average organic growth in loans and deposits.
We did two small FDIC-assisted deals of failed banks. One was USA Bank in Upstate New York, or really Hudson Valley, New York, and the second one was a small Internet bank called ISN Bank in New Jersey, but they were combined about $200 million in assets. Then we acquired a small bank in Reading, Pennsylvania, in 2011, which was less than $100 million in assets. So combined acquisitions were about $300 million in assets, and we have earned very attractive returns on these opportunistic acquisitions.
But that $250 million New Century Bank is today a $4 billion asset bank. In 2011, we changed the name to Customers Bank from New Century Bank, because New Century Bank was associated with a failed financial institution. This $4 billion asset bank today has a footprint from Boston to Washington. We have offices in Boston, Providence, Manhattan, and of course in Greater Philadelphia and in southeastern Pennsylvania.
TWST: Is that the sort of idea, the region, where you want to keep a footprint? Is it going to stretch out any further than that, any further west toward Chicago, any further south?
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via
The Wall Street Transcript Online
.
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