Customers Bank Achieves Prestigious Recognition in 2024
In an impressive announcement, Customers Bank, a subsidiary of Customers Bancorp, has made its mark by being named to the esteemed *Inc.* 2024 Best in Business list within the financial services category. This accolade highlights the impactful efforts and remarkable achievements of companies that have significantly influenced their industries and contributed positively to society.
Remarkable Growth and Unique Operating Model
The recognition of Customers Bank comes on the heels of its exceptional franchise growth over the past 18 months, characterized by a surge in both deposits and market expansion. The bank’s unique operating model and commitment to sound risk management principles have set it apart from other banks in its sector.
Customer-Centric Approach
Sam Sidhu, the president and CEO of Customers Bank, expressed his pride in this achievement, stating, "We are honored to be named to *Inc.*'s Best in Business list. Founded by entrepreneurs for entrepreneurs, we aim to provide an extensive range of services comparable to larger financial institutions, while delivering a level of service that they simply cannot match." This focus on customer service is a fundamental aspect of the bank’s operations, emphasizing a single point of contact and a streamlined product offering that enhances customer experience.
In-depth Evaluation by *Inc.*
The *Inc.* Best in Business awards are not handed out lightly. They recognize companies that have demonstrated exceptional execution in various milestones including customer growth, key product launches, and notable market share gains. This year, the list includes organizations spanning multiple industries, from technology to healthcare, all of which have made noteworthy contributions to their fields. The comprehensive list is available on *Inc.*’s website and in their upcoming winter edition.
Long-standing Commitment to Recognition
For over four decades, *Inc.* has dedicated itself to honoring the most dynamic and successful businesses throughout America. The publication’s editor-in-chief, Mike Hofman, noted, "These businesses have had a profound impact on their industries, addressing critical challenges and reimagining the future of commerce with lasting consequences." This acknowledgment not only celebrates the hard work of these companies but also serves to inspire others in the business community.
Open Invitation for Recognition
The *Inc.* Best in Business Awards are inclusive, inviting all types of companies, regardless of size, industry, or location, to apply for recognition. Applications are meticulously reviewed by *Inc.* editors who choose honorees based on the notable impact they've made within their communities and beyond, making this recognition all the more prestigious.
About Customers Bank
Customers Bancorp, Inc. (NYSE:CUBI) stands as one of the top-performing banking institutions in the United States, boasting assets over $21 billion. With a strong commitment to delivering tailored, technology-enabled products, Customers Bank has a reputation for superior customer service rooted in a single point of contact model. The bank excels in various lending services, including commercial real estate and corporate banking, and is recognized for its outstanding performance and client focus.
Customer Bank Accolades
Among its many achievements, Customers Bank proudly holds the following recognitions:
- Ranked No. 1 on American Banker’s 2024 list of top-performing banks with assets between $10 billion to $50 billion.
- Secured the 29th position on Forbes’ list of the 100 largest publicly traded banks for 2024.
- Placed 52nd on Investor’s Business Daily’s 100 Best Stocks of 2023.
About *Inc.*
*Inc.* serves as a vital resource for entrepreneurs and business leaders, providing insights that inform and inspire the future of business. With a commitment to high-quality journalism, *Inc.* offers valuable content across various platforms—including events, digital outlets, and print publications—aimed at nurturing the entrepreneurial spirit in America. Its hallmark *Inc.* 5000 list annually showcases the fastest-growing privately held companies, presenting recognition that helps entrepreneurs connect with peers and elevate their business presence.
Frequently Asked Questions
What is the Inc. Best in Business list?
The Inc. Best in Business list honors companies for their remarkable contributions to their industries and broader society.
Why was Customers Bank recognized?
Customers Bank was recognized for its significant growth and exceptional customer service approach, distinguishing itself in the financial services sector.
How are the winners selected for the Inc. Awards?
Winners are selected through a thorough review process by Inc. editors based on a company’s influence on its community and industry.
What does Customers Bank offer?
Customers Bank provides a full suite of banking products, specializing in commercial and consumer services with a focus on exceptional customer service.
How can I learn more about Customers Bank?
More information about Customers Bank and its offerings can be found on their official website.
