Investigation into Customers Bancorp, Inc.: What Investors Should Know

Investors can contact the law firm at no cost to learn more about recovering their losses.

LOS ANGELES, Oct. 31, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm has announced that it is looking into Customers Bancorp, Inc. (commonly referred to as "Customers Bancorp" or simply "the Company") regarding potential securities fraud. Investors who have lost money in their investments in Customers Bancorp are encouraged to reach out to the firm for expert assistance.

Lesley F. Portnoy, an attorney at the firm, is available for consultations. Investors wishing to discuss their legal rights can do so by calling 310-692-8883 or via email at [email protected]. Additionally, interested individuals can click this link to join the case. The Portnoy Law Firm offers a complimentary case evaluation to help investors understand their options for pursuing claims to recover their losses.

On August 8, 2024, during market trading hours, the Federal Reserve Board of Governors took action against Customers Bancorp, Inc. and its affiliated Customers Bank. This enforcement action was disclosed alongside a written agreement involving the Federal Reserve Bank of Philadelphia. The agreement pointed out serious deficiencies in the bank's risk management practices and its compliance with anti-money laundering laws and regulations. These included issues linked to the Bank Secrecy Act, relevant Treasury regulations, and the regulations enforced by the Office of Foreign Assets Control.

For further information and to submit transaction details, investors are welcome to visit the firm's website.

The Portnoy Law Firm represents investors in legal actions against corporate misconduct. The founding lawyer has successfully recovered over $5.5 billion for affected investors in prior cases. While past results showcase their capability, they do not guarantee similar outcomes in every situation.

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