Our dedicated, experienced team is ready to assist with all your banking needs, providing unparalleled service and competitive rates. We will work with you to achieve the highest possible yield. Our products include Insured Cash Sweeps and FHLB Letters of Credit.
Banking solutions for municipalities and government agencies
We specialize in supporting municipalities and government agencies through:
Municipalities landing page – Deep industry knowledge…
- Deep industry knowledge
- Single point of contact service
- Competitive rates
Municipalities and government agencies – Tailored solutions
- Tailored solutions
- Simplified banking experience with Treasury management tools
Secure your funds easily
with our unparalleled service and competitive rates.
Insured Cash Sweeps
Access to full FDIC insurance coverage on account balances up to $150M.
Your account funds are deposited among member banks to ensure full FDIC coverage, while providing a simple, safe and seamless experience.
FHLB letters of credit
As the finance manager of a public entity, it is your responsibility to secure your public funds. Instead of offering treasury securities as collateral, Customers Bank offers a Standby Letter of Credit issued by FHLB Pittsburgh that has Moody’s Aaa and S&P AA+ ratings.
Financial institutions may be required to regularly report on the value of securities collateral. Backed by the safety and stability provided by a Standby Letter of Credit from FHLB Pittsburgh, there is no need to constantly monitor the fluctuating value of your collateral, making the process simple and less time consuming.
Cash management
Efficiently manage your cash with our advanced cash management tools and technologies
Our Story
Founded in 2009…
Founded in 2009, Customers Bank is a super-community bank with about $21 billion in assets. We believe in dedicated personal service for the businesses, professionals, individuals and families we work with.
Customers Bank is an equal opportunity…
Customers Bank is an equal opportunity lender. We offer banking and loan services across Florida, Illinois, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island and Texas.
Strong liquidity to meet your ongoing needs
$9.7 billion
in immediately available liquidity
$11.5 billion
in total liquidity
*Data as of 9/30/2023
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Standard & Poor’s and Moddy’s Investors Service are both Nationally Recognized Statistical Rating Organizations. These organizations rank the creditworthiness of borrowers by using a standardized rating scale that measures expected investor loss in the event of a default. Ratings of Aaa (Moody’s) and AA+ (Standard & Poor’s) are deemed to be very high quality with a very low degree of risk. An obligor carrying such a rating is thought to have an extremely strong capacity to meet its financial commitments.