NEW YORK, Dec. 14, 2015 (GLOBE NEWSWIRE) -- BankMobile, America's first absolutely no-fee, mobile, tablet and online bank, today announced that Jay Sidhu, Chairman and CEO of Customers Bank and BankMobile, was selected by Bank Innovation as one of its "10 Most Innovative CEOs in Banking 2015."
"I am honored to have been selected by Bank Innovation for this distinction and congratulate the other esteemed business executives and leaders who were recognized," stated Jay Sidhu, Chief Executive Officer of BankMobile and Customers Bank. "We have seen tremendous success in our inaugural year and are excited for 2016 as we continue to make BankMobile the most financially empowering bank in the country."
The list was developed by Philip Ryan, Associate Editor at Bank Innovation. Ryan states, "Simple, the original mobile-first banking service, struggled to gain users. Sidhu is confident his bank will meet the challenge. 'We have publicly announced that we will have 25,000 users in our first year,' Jay Sidhu said at Bank Innovation Israel last month. 'Today, I can say that we will exceed that. We have announced 250,000 users in five years. We will exceed that, too.' When Simple was sold to BBVA in 2014, it had around 33,000 active users, and Simple was launched in 2009. That should tell you something about Sidhu's plans."
For Bank Innovation's full list of top innovative CEOs, visit: http://bankinnovation.net/2015/12/10-most-innovative-ceos-in-banking-2015/.
About BankMobile: Established in 2015, BankMobile is America's first no-fee, online and mobile bank and is a division of Customers Bank, with its headquarters in New York. It provides target customers – millennials, the underbanked and middle income households – a digital, effortless, and financially empowering experience. BankMobile offers checking, savings, lines of credit, joint accounts and access to over 55,000 surcharge-free ATMs nationwide (BankMobile VIP customers have free access to every ATM in the country, which is more than 400,000 ATMs), a guaranteed higher savings rate than the top four banks in the nation, a personal banker for all customers, and a free financial advisor for VIP customers. It is a Federal Reserve regulated and FDIC-insured commercial bank. Customers Bancorp is the bank holding company for Customers Bank. BankMobile is an independent operating Digital Banking Division of Customers Bank and also of Customers Bancorp. For more information, please visit www.bankmobile.com.
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