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CST: 20/05/2019 06:26:42   

Customers Bank Deepens Roots with Philadelphia Businesses, Expands Commercial and Industrial Lending Office to Logan Square

131 Days ago

PHILADELPHIA, Sept. 13, 2018 (GLOBE NEWSWIRE) -- Customers Bank, the region’s leading super-community bank with operations in Pennsylvania, D.C., Illinois, New York, New Jersey and New England, has opened a second Commercial Lending office in Philadelphia to address market growth and the needs of the city’s thriving businesses.

Customers Bank’s expansion into Logan Square enables the Bank to provide its expertise in commercial banking, along with customized solutions and access to a wide range of financial services, to a broader range of organizations and customers throughout the Philadelphia region. It also allows the bank to more efficiently serve commercial, industrial, and small business customers’ specialized needs. The Logan Square office offers loan production for commercial, industrial and real estate lending, leveraging Customers Bank's proven high-tech, high-touch, single-point-of-contact model.

“Economic conditions in Philadelphia have increased demand for a bank that is flexible and truly understands the local growth market for emerging and mid-sized companies,” said Jay Sidhu, Chairman and CEO of Customers Bank. “At the same time, Philadelphia businesses have expressed a need for a bank that can grow with them, while giving them the highest quality of personalized service.”

“By opening an office in Logan Square, we are better positioned to leverage our network of local relationships to help our customers succeed across all areas of their businesses, while providing the products and personal, single-point-of-contact service that they need in order to achieve growth,” said Timothy D. Romig, Executive Vice President, Managing Director & Market President - Pennsylvania and New Jersey. “We’re proud to belong to such a vibrant, dynamic community of business professionals, and we look forward to serving our Philadelphia customers for years to come.”

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 $11.1 billion at June 30, 2018. 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, District of Columbia, Illinois, 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 Single Point of Contact 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
610-917-3263

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