-
BankUnited, the Florida bank led by John Kanas, has hired two of his former colleagues at Capital One — Joe Roberto and Kelly Sheehan — to run its nascent operation in the Big Apple.
March 19 -
Customers Bancorp, led by Jay Sidhu, is set to go public. The one-time Sovereign Bank chief and others say he has learned from the past about how to balance internal growth and acquisitions.
May 3 -
Bond Street announced Tuesday it would acquire Atlantic Coast Financial for roughly $13 million in cash, but 40% of the consideration is being set aside to handle any potential shareholder suits.
February 26
Another banker with a track record of building up companies, then selling them, is making a grand entrance into New York City.
Customers Bancorp (CUUU), led by Chairman and Chief Executive Jay Sidhu, has applied with the Federal Reserve Board to open an office at 99 Park Avenue in Manhattan. The application does not indicate if the location will house a branch or a loan production office.
The Wyomissing, Pa., company follows BankUnited (BKU), led by CEO John Kanas, in
The office would be the first for Customers inside the city of New York; it has a branch in Rye Brook, N.Y., along with 13 branches in Pennsylvania and one in Hamilton, N.J.
Sidhu grew Sovereign Bancorp in Pennsylvania from $500 million of assets to $90 billion before resigning amid credit concerns. Now, he has built Customers into a $3.2 billion-asset bank
Recently, Sidhu has pressed for changes to the board of Atlantic Coast Financial (ACFC) in Jacksonville, Fla. Atlantic Coast in February
