Customers Bancorp adopts supplemental executive retirement plan for Lyle Cunningham with $12,500 monthly benefit
Customers Bancorp, Inc. CUBI | 0.00 |
- Customers Bancorp entered a new Supplemental Executive Retirement Plan for Lyle Cunningham on July 8, 2026, replacing his April 27, 2022 plan.
- Plan sets a monthly benefit of USD 12,500 upon separation from service at normal retirement age, paid for life.
- Early separation before normal retirement age triggers a vested monthly lifetime benefit, excluding death or a change in control.
- Change in control benefit provides monthly lifetime payments if separation occurs within 12 months, excluding termination for cause.
- Includes clawback, noncompete, nondisclosure, nonsolicitation terms; benefits can be forfeited if terminated for cause.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Customers Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001488813-26-000078), on July 08, 2026, and is solely responsible for the information contained therein.
