Customers Bank


Customers Bank is an FDIC insured institution headquartered at 40 General Warren Blvd, Malvern, PA 19355.
It was founded in 1997 and has approximately $21 billion in assets. Customers can open an account at one of its 16 branches.

Deposit Rates - December 21, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34444
Date Established 1997
Assets $ 20.96 billion
Loans $ 13.50 billion
Deposits $ 17.84 billion
Capital $ 1,796.33 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 3.07 billion
Interest-bearing balances $ 3.01 billion
Total securities $ 3.45 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 13.50 billion
Loan loss allowance $ 132.44 million
Trading account assets $ 21.33 million
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 5.29 million
All other assets $ 802.92 million
     Total Assets $ 19.16 billion

LIABILITIES
Total deposits $ 17.84 billion
      Interest-bearing deposits $ 13.23 billion
      Deposits held in domestic offices $ 17.84 billion
      % insured (estimated) 66.36%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 30.66 million
Other borrowed funds $ 885.00 million
Subordinated debt $ 109.51 million
All other liabilities $ 202.73 millionn
      Total Liabilities $ 19.16 billion
      Shareholders’ Equity $ 1,796.33 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 665.37 million
Total Interest Expense $ 333.55 million
Net interest income $ 331.82 million
Provision for loan and lease losses $ 37.22 million
Total non interest income $ 54.14 million
Total non interest expense $ 200.04 million
Pre-tax Net Operating Income $ 186.07 million

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Branches

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Customers Bank Locations