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INVESTIGATION ALERT: Berger Montague PC Investigates Customers Bancorp, Inc.'s Board Of Directors For Breach of Fiduciary Duties (NYSE: CUBI)
CUBICustomers Bancorp(CUBI) GlobeNewswire News Room·2025-02-05 16:33

Core Viewpoint - An investigation is underway regarding the Board of Directors of Customers Bancorp, Inc. for potential breaches of fiduciary duties to the company and its shareholders [1] Group 1: Investigation Details - Berger Montague is advising shareholders about the investigation into Customers Bancorp's Board of Directors [1] - Shareholders can contact Berger Montague for more information regarding the investigation [2] Group 2: Regulatory Actions - On August 8, 2024, the Federal Reserve announced an enforcement action against Customers Bancorp due to significant deficiencies in risk management practices and compliance with anti-money laundering laws [3] - A consent order from the Commonwealth of Pennsylvania indicated that these deficiencies suggested unsafe or unsound banking practices related to BSA/AML requirements [3] Group 3: Whistleblower Information - Whistleblowers with non-public information about Customers Bancorp are encouraged to assist in the investigation and may receive rewards under the SEC Whistleblower program [3]