Flash FinanceUS
Market closed S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Customers Bancorp (CUBI)

Customers Bancorp amends CFO Mark McCollom's employment agreement, adds 12-month non-compete

Neutral Impact 2 of 5 leadership Written later

Customers Bancorp and Chief Financial Officer Mark McCollom signed a First Amended Employment Agreement on July 24, 2026, replacing his June 10, 2025 agreement. The amendment adds a 12-month non-compete, requires a release of claims for severance, and sets a 45-day notice period for him to resign, down from 60 days.

Key points

  • Agreement dated July 24, 2026 amends and replaces the employment agreement dated June 10, 2025 with Mark R. McCollom, EVP and CFO.
  • Term now renews automatically each year unless either party gives at least 60 days' notice before the anniversary date.
  • Mr. McCollom's notice period to terminate employment shortened from 60 days to 45 days.
  • New 12-month restrictive covenant bars competing in the Company's Field of Interest in the Restricted Area(s).

The filing

CompanyCustomers Bancorp (CUBI)
Form8-K, current report
Filed with the SECJul 27, 2026, 5:03 PM ET
Accession number0001488813-26-000089

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 27, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.