WYOMISSING, Pa. – Customers Bancorp, Inc., parent company of Customers Bank was been added to the American Bankers Association Nasdaq Community Bank Index on Dec. 26.
“We are delighted to be added to the ABA Community Bank Index,” Customers Bank Chairman and CEO Jay Sidhu said. “As a strong advocate for all community banks across the nation, the ABA is the premier bank trade association. We believe our addition to the ABA Community Bank Index will increase our visibility among consumers, partners and investors.”
Customers Bancorp was also added to the MSCI USA Micro Cap Index on Nov. 26. MSCI Inc. provides investment decision support tools to investors globally, including asset managers, banks, hedge funds and pension funds. MSCI products and services include indices, portfolio risk and performance analytics and governance tools.
The MSCI USA Micro Cap Index is designed to measure the performance of the micro cap segment of the U.S. equity market.
Micro-cap refers to the stock of a publicly-traded company in the United States that has a market capitalization between approximately $50 million and $300 million.
Customers Bank moved into the Rhode Island market in March 2013 with the acquisition of the regional business of Flagstar Bank. Customers Bank has a regional headquarters in Providence and a second regional office in Boston.