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Customers Bancorp Says Bankruptcy of FTX and Its Related Companies Has No Material Impact on the Bank

Cointime Staff· 1 min read

Customers Bancorp, Inc. (NYSE: CUBI) the holding company which owns banking subsidiary Customers Bank (the "Bank") with assets over $20 billion and a leading provider of banking services to technology companies, announced today that the bankruptcy of FTX and its related companies has no material impact on the Bank.

Customers Bank does not have a deposit relationship with FTX or any related companies and has no loans to any customers in the Digital Asset Banking space.

Further, as of November 15, 2022, the Bank’s CBIT related deposit balances were stable at $1.85 billion.

# FTX

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