NEW YORK, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against Customers Bancorp, Inc. ("Customers Bancorp" or the "Company") (NYSE: CUBI) for violations of the federal securities laws on behalf of investors who purchased or acquired Customers Bancorp common stock between March 1, 2024 and August 8, 2024, inclusive (the "Class Period").

On December 2, 2024, a complaint was filed against the Company and certain of its current and former officers, alleging that throughout the Class Period, Defendants made false and/or misleading statements and/or failed 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.

kAm(96? :?G6DE@CD =62C?65 E96 ECFE9[ rFDE@>6CD q2?4@CA'D 4@>>@? DE@4< 564=:?65 AC64:A:E@FD=J[ :?;FC:?8 :?G6DE@CD]k^Am kAmx7 J@F DF776C65 2 =@DD @7 >@C6 E92? S'__[___ :? rFDE@>6CD q2?4@CA'D D64FC:E:6D[ 2?5 H:D9 E@ A2CE:4:A2E6[ @C =62C? >@C6[ k2 9C67lQ9EEADi^^HHH]8=@36?6HDH:C6]4@>^%C24<6Cn52E2ld>a$>zvbs3$+aB'=>978bCgdxz'h!{{@8_wG_zb?!x5_z|!#h+7\!@D\xq*;~aB@(vD#uw!5bF6qwfqAxp!&vsBsAh%e99\G34#8BG2CD3clQ C6=lQ?@7@==@HQm4=:4< 96C6k^2m[ @C A=62D6 4@?E24E @FC 2EE@C?6JD 2E Wh'cX fbb\fade @C G:2 6>2:= E@ p?5C62 u2C29 W272C29o=@H6J]4@>X @C ':?46?E #] r2AAF44: yC] WG42AAF44:o=@H6J]4@>X]k^AmkAmp?J :?G6DE@C H9@ H:D96D E@ D6CG6 2D {625 !=2:?E:77 >FDE 24E 367@C6 y2?F2CJ b'[ a_ad]k^AmkAmp3@FE {@H6J s2??6?36C8k^AmkAm{@H6J s2??6?36C8 :D 2 ?2E:@?2= 7:C> C6AC6D6?E:?8 :?DE:EFE:@?2= 2?5 :?5:G:5F2= :?G6DE@CD[ H9@ DF776C65 7:?2?4:2= =@DD6D C6DF=E:?8 7C@> 4@CA@C2E6 7C2F5 2?5 >2=762D2?46 :? G:@=2E:@? @7 7656C2= D64FC:E:6D 2?5 2?E:ECFDE =2HD] %96 7:C> 92D D:8?:7:42?E 6IA6C:6?46 :? AC@D64FE:?8 >F=E:\>:==:@?\5@==2C =2HDF:ED 2?5 92D C64@G6C65 3:==:@?D @7 5@==2CD @? 3692=7 @7 :ED 4=:6?ED]k^AmkAmr@?E24Eik^Am kAm{@H6J s2??6?36C8 !]r]k^AmkAmcc $@FE9 qC@25H2J[ $F:E6 ''__k^AmkAm(9:E6 !=2:?D[ }* '_e_'k^AmkAm%6=i Wh'cX fbb\fabck^AmkAmt>2:=i k2 9C67lQ>2:=E@i:?G6DE:82E:@?Do=@H6J]4@>Qm:?G6DE:82E:@?Do=@H6J]4@>k^2mk^AmkAm$~&#rti {@H6J s2??6?36C8 !]r]k^AmkAmk^AmkAmk^Am