Customers Bank, one of the nation’s top 100 digital and fintech banks with nearly $20 billion in assets, announced the launch of a Financial Institutions Group (FIG) serving securities brokers, future commission merchants, market makers and liquidity providers, insurance companies, trust companies and broader financial institutions. Brandon Troster has been hired as Senior Vice President, Head of Banking Group to lead the Broker and Dealer Banking Group within the larger FIG team.
Customers Bank has an experienced team with specialist knowledge gained from serving the deposit needs of brokers since 2015. The bank, with the addition of Troster, expands the services provided to FIG customers and is able to structure solutions and financial products to meet these needs. corporate financial responsibilities for day-to-day liquidity induced by regulatory and trading activities. The Broker Dealer Banking group will focus on clients ranging in size from $100 million to $1 billion.
“Our continued success and growth stems from leaders’ ability to identify underserved market segments where we can differentiate the bank by developing services and building personal relationships to help customers grow their businesses,” said Sam. Sidhu, President and CEO of Customers Bank. “We are delighted to welcome Brandon to our team and look forward to seeing him grow our relationships in this market.”
Troster brings to Customers Bank over 14 years of relationship management and service experience for FIG customers. Most recently, he served as Vice President of the Broker Dealer Group at Texas Capital Bank. Troster held senior positions at Apex Clearing Corporation and Penson Financial Services earlier in his career.
“We plan to continue to introduce financial products and services that generate value for our new and existing financial institution customers,” said Lyle Cunningham, EVP, Managing Director of Customers Bank. “We are excited to expand our team to include expertise in bringing this value to market and deepening our relationships with our customers.”
Customers Bank recently introduced additional banking groups that serve the financial services industry, including the Funds Finance Group and the Technology and Venture Banking Group that support customers across the country. The bank also launched a blockchain-based real-time payment system for cryptocurrency and digital asset institutions using its Customers Bank Instant Tokens (CBITMT), which generated $1.5 billion in deposits.
To learn more about Customers Bank and its products and services, visitwww.customersbank.com.