Customers Bancorp announces planned retirement of board member

The latest update is out from Customers Bancorp ( (CUBI) ).

On March 20, 2026, Customers Bancorp announced that board member Robert N. Mackay will retire from the boards of both Customers Bancorp, Inc. and Customers Bank and will not stand for reelection at the company’s 2026 Annual Meeting of Shareholders. His retirement, effective immediately following the 2026 meeting, is driven by the increasing demands of his role as CEO of a global regulatory technology company and is not related to any disagreement with the company’s or the bank’s operations, policies, or practices.

Mackay, who has served as a director since 2022 and sits on the Directors Risk & Compliance Committee and the Leadership Development & Compensation Committee, will leave key governance roles that may prompt adjustments in board composition and oversight responsibilities. The transition underscores normal board succession planning and suggests a proactive response to external professional commitments, with no sign of underlying operational or strategic disputes for shareholders or other stakeholders.

The most recent analyst rating on (CUBI) stock is a Hold with a $71.00 price target. To see the full list of analyst forecasts on Customers Bancorp stock, see the CUBI Stock Forecast page.

Spark’s Take on CUBI Stock

According to Spark, TipRanks’ AI Analyst, CUBI is a Neutral.

The score is driven primarily by solid (but not elite) financial performance and a constructive, growth-oriented 2026 outlook from management. Valuation is also supportive due to a low P/E, while the main offset is weak technical momentum with the stock trading below key moving averages and a negative MACD.

To see Spark’s full report on CUBI stock, click here.

More about Customers Bancorp

Customers Bancorp, Inc. is a U.S. financial services company that operates Customers Bank as its wholly owned banking subsidiary. The group focuses on providing commercial and consumer banking services, with governance overseen by a board of directors and specialized committees such as risk, compliance, and compensation to support prudent management and regulatory alignment.

Average Trading Volume: 402,773

Technical Sentiment Signal: Buy

Current Market Cap: $2.27B

For a thorough assessment of CUBI stock, go to TipRanks’ Stock Analysis page.