# Customers Bancorp, Inc. (CUBB) — tender_offer/third_party [announced]
Source: SEC API (secapi.ai) · situation sit_744755ecde88bdbd4e3c · retrieved 2026-08-11T15:54:01.513Z

## Overview
Customers Bancorp, Inc. is a Pennsylvania-incorporated state commercial bank holding company headquartered in West Reading, Pennsylvania.

Customers Bancorp, Inc. amended the employment agreement of Mark R. McCollom, Executive Vice President and Chief Financial Officer, effective July 24, 2026. The amended agreement modifies the original June 10, 2025 employment agreement by: (i) converting the fixed term to an auto-renewal structure whereby the employment term automatically extends for one additional year on each anniversary unless either party provides 60 days' notice of cancellation; (ii) reducing McCollom's required notice period for termination from 60 days to 45 days; (iii) requiring McCollom to execute a release of claims as a condition to receiving severance compensation; (iv) continuing health, dental, and life insurance benefits during the severance payment period; and (v) adding a 12-month non-compete and non-solicitation covenant prohibiting McCollom from competing with the Company or holding a similar position within the Company's field of interest in specified restricted areas.

## Terms
- Counterparty: Mark R. McCollom

## Key dates
- Announced 2026-07-27

## Timeline
- 2026-07-27 · 8-K (0001488813-26-000089): 8-K - Customers Bancorp, Inc. — *Customers Bancorp, Inc. is a Pennsylvania-incorporated state commercial bank holding company headquartered in West Reading, Pennsylvania.* Customers Bancorp, Inc. amended the employment agreement of Mark R. McCollom, Executive Vice President and Chief Financial Officer, effective July 24, 2026. The amended agreement modifies the original June 10, 2025 employment agreement by: (i) converting the fixed term to an auto-renewal structure whereby the employment term automatically extends for one additional year on each anniversary unless either party provides 60 days' notice of cancellation; (ii) reducing McCollom's required notice period for termination from 60 days to 45 days; (iii) requiring McCollom to execute a release of claims as a condition to receiving severance compensation; (iv) continuing health, dental, and life insurance benefits during the severance payment period; and (v) adding a 12-month non-compete and non-solicitation covenant prohibiting McCollom from competing with the Company or holding a similar position within the Company's field of interest in specified restricted areas.
  https://www.sec.gov/Archives/edgar/data/1488813/0001488813-26-000089.txt

## Citations
- 0001488813-26-000089 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000148881326000089