Customers Bancorp amends CFO McCollom employment agreement to add 12-month noncompete clause

Customers Bancorp amended CFO Mark R. McCollom’s employment agreement on July 24, 2026, replacing his June 2025 contract.

• The term shifts to an annual rolling extension unless either side gives at least 60 days’ notice ahead of an anniversary date.
• Executive resignation notice requirement is shortened to 45 days from 60 days.
• Severance now requires a release of claims; health, dental, and life insurance benefits continue during the cash-severance period.
• A new 12-month non-compete was added for specified businesses and geographies, covering similar duties to his prior role.