ROSEN, RECOGNIZED INVESTOR COUNCIL, encourages customers of Bancorp, Inc. to inquire about class action securities research – CUBI

New York, New York–(Newsfile Corp. – October 13, 2024) – WHY:Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Customers Bancorp, Inc. (NYSE: CUBI) following allegations that Customers Bancorp may have provided materially misleading corporate 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 costs or fees through a contingency fee arrangement. Rosen law firm is preparing a class action to recover investor losses.

WHAT TO DO: To join the potential class action, visit 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 about the class action.

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 Actions with Customers Bancorp, Inc. and Customers Bank.” Accompanying the announcement was a written agreement between the Federal Reserve Bank of Philadelphia, Customers Bancorp, Inc. and Customers Bank. The agreement stated that “the most recent investigations and inspections of (Customers Bancorp and Customers Bank) conducted by the Federal Reserve Bank of Philadelphia (…) revealed significant deficiencies related to the Bank’s risk management practices and compliance with applicable anti-money laundering (“AML”) laws, rules, and regulations, including the Bank Secrecy Act (…), including the rules and regulations promulgated thereunder by the U.S. Department of Treasury (…), and the AML requirements of Regulation H of the Board of Governors (of the Federal Reserve System) (…); .)”

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

WHY ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Companies issuing notices often do not have comparable experience, resources or any meaningful recognition from peers. Many of these companies do not actually litigate securities class actions. Be wise when choosing counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company managed to raise more than $438 million for investors. In 2020, founder Laurence Rosen was named Titan of Plaintiffs’ Bar by law360. Many of the firm’s lawyers are recognized by Lawdragon and Super Lawyers.

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