Customers’ Bank President, CEO Ehst Retiring July 1

PHOENIXVILLE PA – A more than 50-year career in banking leadership held by Richard A. Ehst will end July 1 (2021) with his retirement as president and chief executive officer of Phoenixville-based Customers Bank. Ehst will continue his relationship with Customers, a subsidiary of Customers Bancorp Inc., as a member of its board of directors, the company said Monday (March 29, 2021).

Samvir (“Sam”) Sidhu, currently vice chairman and chief operating officer, has been named as Ehst’s successor, also effective July 1.

Sidhu, son of Customers Bancorp Inc. Chairman Jay Sidhu, served as a board member of Customers Bank for eight years before joining the bank’s executive management team. Sam Sidhu earlier was the founder and chief executive of Megalith Financial Corp. LLC, a financial technology-based special purpose acquisition company.

“We cannot thank Dick enough for what he’s done for Customers Bank,” said Jay Sidhu. “He’s positioned us for continued growth and success. He’s worked closely with Sam for the past year to ensure a seamless hand-off and transition.”

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