The PennZone

NEW YORK, Sept. 4, 2024 /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Customers Bancorp, Inc. (NYSE: CUBI) resulting from allegations that Customers Bancorp may have issued materially misleading business information to the investing public.

So What: If you purchased Customers Bancorp securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=28067 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

More on The PennZone

• Meet Joseph Neibich aka Joseph Nybyk of Beachwood Canyon
• LARUS Launches Business Continuity Framework for IPv4-Dependent Networks
• KeysCaribbean Offers 'Skip-the-Crowds' Savings With 15 Percent Off April Stays
• Supply & Demand Chain Executive Names Puga Sankara as Recipient of 2026 Pros to Know Award
• Why We're Holding the Line on Pricing

What is this about: On August 8, 2024, during market hours, the Federal Reserve Board of Governors issued an announcement entitled "Federal Reserve Board issues enforcement action with Customers Bancorp, Inc. and Customers Bank." Attached to the announcement was a written agreement between the Federal Reserve Bank of Philadelphia, Customers Bancorp, Inc., and Customers Bank. The agreement stated "the most recent examinations and inspection of [Customers Bancorp and Customers Bank] conducted by the Federal Reserve Bank of Philadelphia [. . .] identified significant deficiencies related to the Bank's risk management practices and compliance with the applicable laws, rules, and regulations relating to anti-money laundering ("AML"), including the Bank Secrecy Act [. . .], including the rules and regulations issued thereunder by the U.S. Department of the Treasury [. . .], and the AML requirements of Regulation H of the Board of Governors [of the Federal Reserve System] [. . .]; and the regulations issued by the Office of Foreign Assets Control of the United States Department of the Treasury[.]"

More on The PennZone

• Moravian Academy Announces New Full-Tuition Impact Scholarship for Upper School Students
• AI Disruption Meets Marine Scale: Off The Hook YS, Inc. (N Y S E American: OTH) Targets Breakout Growth with NextBoat Launch and Aggressive Expansion
• Targeting the Billion-Dollar U.S. Countermeasure Market With AI-Driven Biodefense Platform: Lunai Bioworks (N A S D A Q: LNAI)
• National Focus Turns to Global Conflict, Families of Veterans Lost to Suicide Call for Recognition
• New Global Standard for Transparency Across Critical Resources and Energy Markets: SMX (Security Matters) PLC (N A S D A Q: SMX)

On this news, Customers Bancorp's common stock fell $7.22 per share, or 13.3%, to close at $47.01 per share on August 8, 2024.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

SOURCE THE ROSEN LAW FIRM, P. A.

---

Show All News | Report Violation