Customers Bank headquarters, located for many years in a Bridge Street, Phoenixville building and which was substantially damaged during Tropical Storm Ida, is being relocated to Malvern during June.
The former primarily local bank is branching into national ventures, like its Monday opening of a business unit that offers services to early, growth, and late-stage technology companies.
The long-time leader of Phoenixville-based Customers' Bank, Richard A. Ehst, will retire July 1 as its president and CEO, to be succeeded by Samvir Sidhu, its vice chairman and chief operating officer.
The Phoenixville area bank's just-sold digital services platform provided tech-based financial services for a variety of users, covered by FDIC insurance and governed by federal banking regulations.
The Phoenixville PA-based bank will acquire the savings institution in Falls Church VA in a stock deal.