Representatives from Customers Bank in Wyomissing will ring the closing bell on the New York Stock Exchange on Jan. 7.
The bank’s parent company, Customers Bancorp, Inc., began trading on the NYSE on Dec. 30 after transferring the listing of its voting common stock and senior notes from the NASDAQ to the NYSE.
“Listing Customers’ shares on the NYSE represents an important milestone for us,” said Jay Sidhu, chairman and CEO of Customers. “We now join the many prominent banks that trade on, and benefit from, NYSE’s innovative and proven market model. We believe that listing on the NYSE will further raise the profile of our company and provide support and visibility for our current and future shareholders as we continue to deliver solid financial performance.”
Last month Philadelphia Business Journal named Sidhu a 2014 Most Admired CEOs award recipient.
When Sidhu joined the company in 2009, Customers Bank, previously known as New Century Bank, was a $250 million, asset-troubled bank. It is now a $6.5 billion asset, high-performing bank extending from Boston to Washington, D.C.
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