Customers Bancorp, a top-performing banking company with nearly $21 billion in assets, has announced new C-suite appointments as part of its strategy to drive continued deposit growth in its commercial and specialty banking divisions. Lyle Cunningham, who has been with the company for over 10 years, has been promoted to the role of Chief Banking Officer, where he will oversee the Bank’s lending and deposits functions. Nick Robinson, with over 25 years of experience, has been appointed as Chief Risk Officer, bringing his expertise from his previous position as Chief Risk Officer for Capital One’s commercial division.
Cunningham, who previously served as Executive Vice President, Chief Lending Officer & Head of Corporate and Specialized Banking, will now be responsible for driving long* and short-term strategies to promote market and deposit growth. With nearly 40 years of experience in banking and finance, he is well-positioned to provide strategic consultation on the Bank’s next stage of growth.
Robinson, who assumed his role with Customers Bank on September 3, will be responsible for identifying and mitigating current and future risks, monitoring and testing risk controls, and continuing to promote risk management as a key pillar of the Bank’s workplace culture. His addition to the team aims to reinforce the bank's risk management efforts in collaboration with Joan Cheney, who is transitioning to the Deputy Chief Risk Officer role.
Customers Bank, a member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, has been recognized for its performance, ranking No. 1 on the American Banker 2024 list of top-performing banks with $10B to $50B in assets. Additionally, it has been listed as No. 29 out of the 100 largest publicly traded banks in Forbes' 2024 Best Banks list and No. 52 on Investor’s Business Daily 100 Best Stocks for 2023. Today the company's shares have moved 2.6% to a price of $49.12. For the full picture, make sure to review Customers Bancorp's 8-K report.
