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Customers Bancorp elevates Sam Sidhu to CEO
In the elevated role, he will guide corporate strategy, oversee growth and innovation, and maintain tech-driven expansion.
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Bhavana P - Sat, 26, Jul 2025
- 16:46 EDT
- 24
Sam Sidhu / LinkedIn
Customers Bancorp, a Pennsylvania-based bank holding company, has announced a leadership transition with Sam Sidhu succeeding his father, Jay Sidhu, as chief executive officer (CEO) effective January 1, 2026.
Currently the president of Customers Bancorp and the CEO of its subsidiary, Customers Bank, Sam Sidhu began his executive career as chief operating officer in 2020, following nearly a decade on the company’s board.
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Since taking over the bank, Sam Sidhu has guided it through growth, doubling assets and delivering a 500 percent increase in share value in five years. He brings prior experience in private equity and investment banking, the company said in a statement.
“It is an honor to receive this vote of confidence, and I look forward to working with our exceptional team and board of directors to constantly strive to delight our clients and produce above average returns for our shareholders. As Customers Bank turns this important page, one thing remains unchanged: our relentless commitment to the people we serve and the entrepreneurial spirit that has defined us since day one,” Sam Sidhu said on his appointment.
Punjab-native Jay Sidhu will assume the role of executive chairman of both Customers Bancorp and Customers Bank while remaining on the board of directors. He founded Customers Bank with an initial investment in a small Pennsylvania-based institution, growing it from $200 million in assets to more than $22 billion.
Under his leadership, the company has become a top-performing national bank, recognized for its client-centric approach and technological innovation. Previously, Jay also served as CEO of Sovereign Bank, transforming it into the 17th largest U.S. bank.
“I look forward to continuing to work with the Board to provide strategic guidance while we continue to grow Customers as an innovative and sound bank that is built to last,” the 73-year-old said.
Customers Bancorp, Inc. has over $22 billion in assets. Through its subsidiary, Customers Bank, it offers tech-enabled commercial and consumer banking services nationwide. Recognized for innovation and strong performance, it ranks among the top 80 U.S. bank holding companies and emphasizes customer-centric financial solutions.
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