Samvir Sidhu has been tapped to replace Richard Ehst as president and CEO of Customers Bank, a subsidiary of Customers Bancorp Inc. of Reading.

Customers Bank contributed $150,000 to support the Reading Youth Initiative, a long-time program of Alvernia University and the Reading School District that supports inner-city children and programs.

During the first round of Paycheck Protection Loans last year, Customers Bank of West Reading was able to assist in more than 100,000 PPP loans totaling more than $5 billion.

“In an era when digital banking continues to expand, we look forward to building our business over the coming years and taking advantage of all strategic opportunities,” Jay Sidhu, CEO of Customers Bank said.

Eric Holmquist was recruited in July to work as Customers Bank’s new Executive Vice President and Chief Risk Officer, bringing more than 35 years of experience in the financial services sector to the job. He will be responsible for the design and execution of the Wyomissing-based bank’s enterprise risk management program.

Customers Bank of Wyomissing has named Jessie John Velasquez as senior vice president, chief accounting officer.

Customers Bank Chief Credit Officer Andrew Bowman has been promoted to the roles of senior executive vice president and member of the office of the chair, positions that will see him help make crucial decisions for the Wyomissing-based community bank’s strategic future.

All Customers Bank branches are switching to appointment-only service. The changes are being made to protect clients and employees from the spread of coronavirus, bank officials said.  Drive-through service will still be available at five locations.

Customers Bank of Wyomissing said it is limiting access at a number of its branches in response to the coronavirus.

The federal Small Business Administration (SBA) is working with state officials to support small businesses impacted by the spread of the coronavirus (COVID-19) with up to $2 million targeted, low-interest disaster recovery loans.