The Law Offices of Frank R. Cruz announces an investigation of Customers Bancorp, Inc. (“Customers Bancorp” or the “Company”) (NYSE: CUBI) concerning whether the board of directors breached its fiduciary duties to Customers Bancorp shareholders.

If you are a shareholder who suffered a loss, click here to participate.

On April 12, 2024, Customers Bancorp disclosed that its Executive Vice President and Chief Financial Officer, Carla Leibold, had been terminated “for ‘cause’ under her employment agreement for violating Company policy.” However, later that month, the Company amended this description to state that her termination “was a separation by mutual agreement” and that Ms. Leibold would be paid $2.5 million in “post-employment compensation.”

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you still hold Customers Bancorp shares purchased before 2021, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240513688283/en/