Crypto’s New Favorite Bank Sees Future Growth Far Beyond Crypto

A small Pennsylvania bank has emerged as one of the biggest partners for the crypto industry — albeit a somewhat reluctant one.

Customers Bancorp Inc. partners with hundreds of digital-asset firms, including major exchanges, market makers and stablecoin issuers, according to people with knowledge of the matter. It attracted new clients after crypto-friendly lenders Silvergate Capital Corp. and Signature Bank collapsed, leaving Customers Bank — the West Reading-based company’s primary subsidiary — one of a few facilitators of dollar transactions that crypto businesses could turn to.

A Customers Bank branch in Doylestown, Pennsylvania.

Photographer: Hannah Beier/Bloomberg

The lender, ranked the 81st-largest US bank by assets, is now at the ...