Sam Sidhu is preparing to take over as CEO of Customers Bancorp, succeeding his father Jay Sidhu in January, writes Jeff Blumenthal for the Philadelphia Business Journal.
Customers Bank was founded in Phoenixville. He does not plan to relocate from New York to Pennsylvania and has no plans to move the company’s headquarters from West Reading or its subsidiary bank from Malvern.
“I travel to Pennsylvania once every other week at a minimum and sometimes weekly,” said Sidhu.
When Sidhu became COO of subsidiary Customers Bank in 2020, he already had a strong grasp of both the technology space and the bank itself, having served on its board for the previous eight years.
What he still needed to learn were key elements like growing a customer base and understanding how various areas operated. He considers the past five years as a crash course.
Sidhu plans to focus on what he calls the future of banking – high touch, high technology.
With Customers already centered on business clients, he wants to offer private banking services to privately held firms, which he believes will drive market share.
Read more about Sam Sidhu taking over Customers Bank with no plans to upheave its current model in the Philadelphia Business Journal.
______
