RTTNews | Dec 16, 2021 12:17PM EST

12:16 Thursday, December 16, 2021 (RTTNews.com) - Pennsylvania-based banking company, Customers Bancorp, Inc. (CUBI) is trading 9% higher on news of the bank rebranding itself as a fintech-forward-focus bank from a digital-focus bank. The bank has experienced exponential growth in recent times through its Paycheck Protection Program loans and blockchain-based payment platform resulting in over $10 billion in assets. Sam Sidhu, President and Chief Executive Officer of Customers Bank, said, "We're keeping our promise to connect our clients with growth opportunities to achieve their financial goals and provide them with the confidence to take on tomorrow." The stock is currently trading at $65.67, up $5.50 or 9.14% since the previous close at $60.17. The stock opened at $61.78 in the morning. In the 52-weeks period, the stock has ranged between $17.32 and $65.65 per share.

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