Customers Bank Expands New York Metro Private and

NEW YORK, July 24, 2017 (GLOBE NEWSWIRE) -- Customers Bank, a community-based, full-service bank that is a subsidiary of Customers Bancorp, Inc. with assets of approximately $9.9 billion, announced today that it has expanded its New York Metro Private and Commercial Banking Division group. The new team members will be based out of the division’s headquarters in Manhattan at 101 Park Avenue, Suite 1101 and in Melville, NY. They include:

• Paul G. Hodowanec, Senior Vice President and Banking Group Head
• Danny K. Wong, Vice President & Client Manager
• Kinwa “Danny” Auyeung, Vice President & Client Manager

Prior to joining Customers Bank, all three worked for First American International Bank, where Hodowanec was Head of Commercial Lending and his team sourced, closed and managed more than $295 million in new loans over a three-year period. Auyeung served as Vice President of Commercial Lending and Wong served as Director of Product Management and Marketing, as well as the Community Reinvestment Act Officer. Wong was also responsible for electronic banking, cash management and deposit products.

“We value Customers Bank’s dedication to full service, and its commitment to treating clients as individuals through its single-point-of-contact model,” said Hodowanec. “We’re proud to be part of a team where clients are more than just numbers, and where growth is focused on long-term relationships.”

"Paul and his team are aligned with our high-tech, high-touch, single-point-of-contact business model, and they bring a wealth of experience in developing businesses, managing portfolios and building longstanding banking relationships,” said George Maroulis, Managing Director, Executive Vice President and Head of Customers Bank’s New York Metro Private and Commercial Banking Division. “We are pleased to welcome them to Customers Bank.”

About Customers Bank Customers Bancorp, Inc. is a bank holding company located in Wyomissing, Pennsylvania engaged in banking and related businesses through its bank subsidiary, Customers Bank. Customers Bank is a community-based, full-service bank with assets of approximately $9.9 billion that was named by Forbes magazine as the 35th Best Bank in America (there are over 5,700 banks in the United States). A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender that provides a range of banking services to small and medium-sized businesses, professionals, individuals and families through offices in Pennsylvania, New York, Rhode Island, Massachusetts, New Hampshire, and New Jersey. Committed to fostering customer loyalty, Customers Bank uses a High Tech/High Touch strategy that includes use of industry-leading technology to provide customers better access to their money, as well as Concierge Banking® by appointment at customers’ homes or offices 12 hours a day, seven days a week. Customers Bank offers a continually expanding portfolio of loans to small businesses, multi-family projects, mortgage companies and consumers.

Customers Bancorp, Inc. voting common shares are listed on the New York Stock Exchange under the symbol CUBI. Additional information about Customers Bancorp, Inc. can be found on the Company's website, www.customersbank.com .

Contact:  Richard Ehst, President & COO 610-505-9190 rehst@customersbank.com