Customers Bank Expands Private and Commercial Bank

WASHINGTON, D.C., July 26, 2017 (GLOBE NEWSWIRE) -- Customers Bank, a community-based, full-service bank that is a subsidiary of Customers Bancorp, Inc. (NYSE: CUBI ) with assets of approximately $9.9 billion, announced today that it is expanding its Private and Commercial Banking division into the Washington, D.C. metropolitan area. Leveraging the success of its high-tech, high-touch, single-point-of contact model, the Bank will establish a limited-purpose office in downtown Washington, D.C., subject to regulatory approval.

Jay Sidhu, Chairman and Chief Executive Officer said, “Our high-tech, high-touch, single-point-of-contact model has been successful in New York, Boston, Providence and Philadelphia. We are excited to make it available to private and commercial customers in Washington, D.C. as well.”  

Travis L. Gray, a seasoned commercial banker, has been appointed Senior Vice President and Banking Group Head of the Washington, D.C. group. Prior to joining Customers Bank, Gray served in several roles at Bank of America’s Global Commercial and Investment Bank and its predecessor companies. These roles included Senior Vice President and National Sales Executive, Regional Product Executive, and Program Manager in Washington, D.C.

“Customers Bank’s high-tech, high-touch, single-point-of-contact model is the perfect fit for capital-area customers,” said Gray. “I look forward to achieving the same success in the D.C. market as the bank has achieved in other markets through this innovative, customer-centric approach.”

“Working with Travis Gray to grow our presence in Washington D.C. is an exciting move for Customers Bank,” said George Maroulis, Managing Director, Executive Vice President and Head of Customers Bank’s Private and Commercial Banking Division. “We look forward to building new relationships and becoming active members of this community."

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