Customers Bancorp in Wyomissing, Pa., will look to give its shareholders better liquidity this year, but it is not reconsidering an initial public offering.

"We will look to list our stock on Nasdaq or the New York Stock Exchange this year but are not doing an IPO," said Jay Sidhu, the chief executive of the $3.2 billion-asset company, in an interview on Wednesday. The stock currently trades over the counter under the symbol CUUU.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.