Customers Bank, the banking subsidiary of Customers Bancorp, Inc. announced a series of senior executive promotions and recruitment of an experienced top executive as its vice chairman and chief operating officer, as it sets its sights towards creating a growing high performing bank in this rapidly evolving new environment for commercial banks.
To help execute this strategy, Customers Bancorp’s and Customers Bank’s boards have approved the additional title of Customers Bank CEO for President Richard A. Ehst and announced the recruitment of Sam Sidhu, currently CEO of Megalith Capital Management, a NYC-based private equity firm, as its vice chairman and chief operating officer, as well as head of corporate development for Customers Bancorp.
“With Dick’s 50+ years’ experience in commercial banking and Sam’s 15 years’ experience in technology, finance and real estate, as well as a very experienced and talented Management Board, we are very well positioned to become a top high performing growth company with a strong emphasis on risk management,” said Jay Sidhu, Customers Bancorp chairman and CEO.
Sam Sidhu, 36, has an MBA from Harvard Business School and a B.S. from the University of Pennsylvania’s Wharton School. Prior to launching Megalith Capital Management, a real estate focused private equity firm in New York, he worked at Providence Equity Partners and Goldman Sachs for five years. He has also served on the board of Customers Bank for the past eight years and is the CEO of Megalith Financial Corp., a NYSE-listed financial technology-based special purpose acquisition company.
In addition to these appointments, Andrew Bowman has been promoted to executive vice president and chief credit officer. Bowman has been with Customers Bank for over eight years and brings over 30 years of bank and commercial finance credit experience to his new position. Late in 2018, Customers announced the appointment of Carla Leibold as the chief financial officer and Jeff Skumin as the chief accounting officer, respectively, of Customers Bancorp and Customers Bank.
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