Customers Bancorp, Inc. (NYSE: CUBI) announced that Sam Sidhu will take over as chief executive officer effective January 1 2026, while Jay Sidhu will become executive chairman and remain on the board. The leadership transition was disclosed on January 5 2026, with a follow‑up statement on January 6 2026, and the change took effect at the start of the new year.
Sam Sidhu has led Customers Bank since 2021, serving as president and CEO after a long tenure as chief operating officer. Under his stewardship, the bank’s assets grew from roughly $200 million in 2019 to more than $24 billion today, driven by a disciplined deposit‑growth strategy and a technology platform that expanded the bank’s product suite without relying on acquisitions.
The transition is part of a long‑term growth plan that emphasizes continued deposit expansion and the scaling of the bank’s digital capabilities. By moving Sidhu to the holding company, the board signals confidence that the same operational excellence and customer‑centric culture that propelled the bank’s rapid growth will carry over to the broader corporate structure.
Analysts have responded positively to the change, raising price targets for the company to $95.00 from $85.00 and maintaining a “Buy” rating. The upgrades reflect expectations of strong core‑deposit growth in 2026 and a narrowing valuation discount as tangible book value compounds, according to the analysts’ commentary.
In a statement, Sam Sidhu said, “I am honored to lead Customers Bancorp and to build on the momentum we have created at Customers Bank. Our focus will be on delivering innovative banking solutions to our U.S. clients while continuing to grow deposits and deepen our technology platform.” Jay Sidhu added, “I have full confidence in Sam’s leadership and look forward to supporting him as executive chairman.”
The leadership change reinforces continuity and signals that the company’s growth trajectory will remain on course. Investors can expect the same disciplined approach to deposit growth and technology investment that has driven the bank’s expansion, while the executive‑chairman role provides strategic oversight and stability during the transition.
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