The Federal Reserve Board announced the execution of an enforcement action against Customers Bancorp, Inc., West Reading, Pennsylvania and Customers Bank, Malvern, Pennsylvania. As part of the action, within 60 days of the effective date of this agreement, the board of directors of Bancorp shall submit a written plan to the Reserve Bank to strengthen board oversight of the management and operations of the Organization’s compliance with the BSA/AML Requirements and OFAC Regulations.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CUBI:
- Customers Bancorp price target raised to $79 from $71 at DA Davidson
- Customers Bancorp price target raised to $78 from $77 at B. Riley
- Customers Bancorp price target raised to $79 from $56 at Wedbush
- Customers Bancorp Shares Informal Investor Presentation
- Customers Bancorp reports Q2 core EPS $1.49, consensus $1.43