Customers Bank, the $22 billion asset subsidiary of Customers Bancorp, has onboarded 10 commercial and business banking teams in New York, California and Nevada. The hiring drive is expected to accelerate the bank’s deposit growth potential and represents an investment in its single point of contact banking model.

For the bank, the new teams enhance its presence in New York City, where it has operated for more than seven years; reinforce its dedication to Los Angeles; add representation in Orange County, CA; and bring client coverage to the communities of Reno and Las Vegas, NV.

All newly-onboarded bankers are experienced in the commercial deposits space and augment the bank’s existing expertise in private banking, treasury management, and commercial and industrial lending. The new teams are being charged with accelerating growth of the bank’s deposit portfolio.

“At Customers Bank, we’re intent on ensuring that our teams are fully supported to provide our clients with access to trusted and tested expertise,” Jay Sidhu, executive chairman of Customers Bank, said. “We want our clients to succeed and achieve their goals, all while being wowed by the senior level of support they receive at every turn.”

“We are delighted to welcome these experienced teams to Customers Bank. These hires are a deliberate continuation of our strategy to provide incredible service to middle-market commercial businesses and solidify Customers Bank’s national banking capabilities,” Sam Sidhu, president and CEO of Customers Bank, said. “Over time, they will help us become the prominent customer-oriented bank in our markets, and we expect they will add thousands of customer relationships to the Bank.”

While Customers Bank will not immediately have locations in Los Angeles, Orange County, Reno or Las Vegas, it is evaluating the benefit of offices in these markets to support existing and future clients. In Q2/24, the bank will open three new locations in Menlo Park, CA; Durham, NC; and Denver to further support its venture finance customers.