Customers Bank Appoints Allen Love as Chief Compliance & AML Officer

Customers Bank, the $22 billion subsidiary of Customers Bancorp (NYSE:CUBI), has appointed Allen Love as Chief Compliance and AML Officer. In this role, Love will be responsible for leading the bank’s enterprise-wide compliance program and ensuring it continues to evolve as regulators’ expectations increase.

Love will immediately begin work on strengthening Bank Secrecy Act and Anti-Money Laundering (BSA/AML) protocols for the company’s digital assets operations, in support of the bank’s recent agreement with the Federal Reserve Bank of Philadelphia and the Commonwealth of Pennsylvania.