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Customers Bancorp, Inc. entered into a Supplemental Executive Retirement Plan effective March 19, 2026, for the benefit of Executive Samvir Sidhu, superseding the prior plan dated May 3, 2021. The Plan provides supplemental nonqualified pension benefits including a $600,000 annual Normal Retirement Benefit payable monthly for life at age 65, with vesting schedules, Change in Control protections, and forfeiture provisions for Cause.
Event Type
Disclosure
Mandatory
Variant
8-K
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 19,
Financial Statements and Exhibits. (d) Exhibits. Exhibit Description Exhibit 10.1 Supplemental Executive Retirement Plan of Samvir Sidhu SIGNATURE Pursuant to t
Samvir Sidhu
Effective: 2026-03-19
provide supplemental nonqualified pension benefits and incentivize substantial contributions to Company success