Jay Sidhu

Who is Jay Sidhu?

Jay Sidhu is the Chairman and CEO of Customers Bank, a $3.5 billion asset bank with headquarters in Wyomissing, Pennsylvania. Customers Bank currently has 14 branches in suburban Philadelphia, Hamilton, NJ and Rye, NY.

Bank Director magazine rated Customers Bank #1 out of all US banks and thrifts, based on 2 key growth areas, Core Income and Net Loans and Leases. This ranking is based on the first 3 quarters of 2012. In 2010, Customers Bank was ranked #4 in the nation out of 3,077 banks by the ABA Banking Journal’s Annual Bank Performance Rankings for “[experiencing] one of the largest year- over-year improvements in earnings performance.” According to the Journal, Customers Bank was ranked #3,002 in 2009 and improved to #4 in 2010.

In May 2010, he led an investment in Atlantic Coast Bank and currently serves as the Chairman of the board. Atlantic Coast is a $900 million asset bank headquartered in Waycross, Georgia with 12 branches in northeastern Florida and southeastern Georgia.

He also serves as the Chairman and CEO of Sidhu Advisors, LLC, a private equity and financial services consulting company. In March 2008, he filed for his own $150 million SPAC, Special Purpose Capital Corp. From 1989 until his retirement in December 2006, he was the Chairman and CEO of Sovereign Bancorp, Inc and Sovereign Bank, a $90 billion financial institution.