FinTech Customers Bank unveils FI Banking Group

Digital FinTech Customers Bank on Tuesday (February 8th) announced the launch of a Financial Institutions Group (FIG), which will serve securities brokers, future commission merchants, market makers, liquidity providers, financial insurance, trust companies and financial institutions.

Customers Bank has also hired Brandon Troster as Senior Vice President, Head of Banking Group to lead the Broker Dealer Banking group within the FIG team. The Broker Dealer Banking group will focus on clients ranging in size from $100 million to $1 billion.

“Our continued success and growth stems from leaders’ ability to identify underserved market segments where we can differentiate the bank by developing services and building personal relationships to help customers grow their businesses,” said Sam. Sidhu, President and CEO of Customers Bank, in the company announcement.

“We are delighted to welcome Brandon to our team and look forward to seeing him grow our relationships in this market,” he said.

Troster has over 14 years of experience in managing relationships and servicing FIG customers at Customers Bank. Most recently, he served as Vice President of the Broker Dealer Group at Texas Capital Bank. Troster has also held senior positions at Apex Clearing Corporation and Penson Financial Services.

“We plan to continue to introduce financial products and services that drive value for our new and existing financial institution customers,” said Lyle Cunningham, EVP, Managing Director of Customers Bank, in the company’s announcement. . “We are excited to expand our team to include expertise in bringing this value to market and deepening our relationships with our customers.”

Recently, Customers Bank introduced banking groups that serve the financial services industry, including the Funds Finance Group and the Technology and Venture Banking Group, as well as a blockchain-based real-time payment system for cryptocurrencies and digital asset institutions through the Customers Bank Instant brand. Tokens (CBITTM), which generated $1.5 billion in deposits.

Related: Customers Bank, Tassat launches instant payments TassatPay

Customers Bank and blockchain-based digital payment provider Tassat Group Inc. announced the launch of the real-time payment platform for B2B customers in October.

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