Deals
Sidhu’s Customers Bancorp Weighs Making an Offer for Silicon Valley Bank
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Customers Bancorp Inc., a small Pennsylvania lender whose holding company is led by Jay Sidhu, is exploring a deal for all or part of the failed Silicon Valley Bank, according to people familiar with the matter.
The bank has been seeking potential co-investors for a deal for Silicon Valley Bank, said the people, who asked to not be identified because the matter isn’t public. A final decision hasn’t been made and Customers Bancorp could opt against pursuing a deal, the people added.