---
title: "09:49 ET\n\t\t\t\n\t\t\t\n\t\t\t\tDEADLINE REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Customers Bancorp"
description: "Faruqi & Faruqi, LLP is investigating potential claims against Customers Bancorp, Inc. (NYSE: CUBI) for investors who suffered losses exceeding $100,000 between March 1, 2024, and August 8, 2024. The "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/222694020.md"
published_at: "2024-12-18T14:50:24.000Z"
---

# 09:49 ET
			
			
				DEADLINE REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Customers Bancorp

> Faruqi & Faruqi, LLP is investigating potential claims against Customers Bancorp, Inc. (NYSE: CUBI) for investors who suffered losses exceeding $100,000 between March 1, 2024, and August 8, 2024. The firm reminds investors of the January 31, 2025, deadline to seek lead plaintiff status in a federal securities class action. Allegations include inadequate anti-money laundering practices and misleading statements by the company. Following a Federal Reserve enforcement action announcement on August 8, 2024, Customers Bancorp's stock fell 13.3%.

**Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Customers Bancorp To Contact Him Directly To Discuss Their Options**

**If you suffered losses exceeding $75,000 in Customers Bancorp between March 1, 2024 and August 8, 2024** and would like to discuss your legal rights, call Faruqi & Faruqi partner **Josh Wilson directly** at **877-247-4292** or **212-983-9330** **(Ext. 1310)**.

**\[You may also click here for additional information\]**

, /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Customers Bancorp, Inc. ("Customers Bancorp" or the "Company") (NYSE: CUBI) and reminds investors of the **January 31, 2025 deadline** to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Customers Bancorp had inadequate anti-money laundering practices; (2) as a result, it was not in compliance with its legal obligations, which subjected it to heightened regulatory risk; and (3) as a result, defendants' statements about Customers Bancorp's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.

On August 8, 2024, during market hours, the Federal Reserve Board of Governors issued an announcement entitled "Federal Reserve Board issues enforcement action with Customers Bancorp, Inc. and Customers Bank." Attached to the announcement was a written agreement between the Federal Reserve Bank of Philadelphia, Customers Bancorp, Inc., and Customers Bank.

The agreement stated "the most recent examinations and inspection of \[Customers Bancorp and Customers Bank\] conducted by the Federal Reserve Bank of Philadelphia \[. . .\] identified significant deficiencies related to the Bank's risk management practices and compliance with the applicable laws, rules, and regulations relating to anti-money laundering ("AML"), including the Bank Secrecy Act \[. . .\], including the rules and regulations issued thereunder by the U.S. Department of the Treasury \[. . .\], and the AML requirements of Regulation H of the Board of Governors \[of the Federal Reserve System\] \[. . .\]; and the regulations issued by the Office of Foreign Assets Control of the United States Department of the Treasury\[.\]"

On this news, Customers Bancorp's common stock fell 13.3% on August 8, 2024.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Customers Bancorp's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the **Customers Bancorp, Inc.** class action, go to **www.faruqilaw.com/CUBI** or **call** Faruqi & Faruqi partner **Josh Wilson directly** at **877-247-4292** or **212-983-9330** **(Ext. 1310)**.

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Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

SOURCE Faruqi & Faruqi, LLP

### Related Stocks

- [CUBI.US - Customers Bancorp](https://longbridge.com/en/quote/CUBI.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Customers Bancorp Inc. Files Initial Beneficial Ownership Statement for Chief Operating Officer Stephen Francis Wyremski | Customers Bancorp Inc. has filed an initial beneficial ownership statement listing Stephen Francis Wyremski, the Chief O | [Link](https://longbridge.com/en/news/275166515.md) |
| A Peek at Customers Bancorp's Future Earnings | Customers Bancorp (NYSE:CUBI) will release its quarterly earnings report on January 22, 2026, with analysts predicting a | [Link](https://longbridge.com/en/news/273257270.md) |
| Customers Bank Appoints Steve Wyremski as Chief Operating Officer | Customers Bancorp Inc. has appointed Steve Wyremski as Chief Operating Officer of Customers Bank, effective January 26,  | [Link](https://longbridge.com/en/news/273748839.md) |
| Customers Bancorp sets January earnings webcast ahead of market close | WEST READING, PA — Customers Bancorp, Inc. (NYSE: CUBI) said it will report fourth-quarter and full-year 2025 earnings f | [Link](https://longbridge.com/en/news/273525493.md) |
| Customers Bancorp Q4 net income reaches $70.1 mln | Customers Bancorp reported a Q4 net income of $70.1 million, with earnings per share (EPS) of $1.98. Total deposits incr | [Link](https://longbridge.com/en/news/273427364.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
