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Customers Bancorp Names Banking Industry Senior Analyst Bob Ramsey as Senior Vice President, Director of Investor Relations and Strategic Planning

WYOMISSING, Pa., Oct. 12, 2017 (GLOBE NEWSWIRE) -- Customers Bancorp (NYSE:CUBI) announced today the appointment of Bob Ramsey to serve as Senior Vice President, Director of Investor Relations and Strategic Planning. In this newly created role, Mr. Ramsey will serve as Customers Bancorp, Inc.’s (“Customers”) Investor Relations Officer and lead long-term strategic and financial planning efforts at the Bank.

Jay Sidhu, Chairman and Chief Executive Officer said, “We are delighted that Bob Ramsey has decided to join Customers. Bob’s extensive knowledge of the financial services industry and understanding of how investors view Customers and the banking industry will help us improve our outreach and communication with current and prospective investors. In addition, after rapidly growing to become a $10 billion asset bank, we believe it is prudent to strengthen the strategic and financial planning functions as we build a stronger balance sheet to support the next phase of growth.”

Commenting on his new appointment, Bob Ramsey stated, “I have analyzed Customers for several years and have developed a deep respect for Customers’ management and strategy. I am excited to be part of the team and help the bank continue to improve its fundamentals and execute strategies to deliver above average shareholder value.”

Bob Ramsey comes to Customers from FBR Capital Markets, where he served as SVP, Senior Analyst in the equity research department. During his 13-year tenure at FBR, Bob Ramsey covered community banks, regional banks, super-regional banks, consumer finance and fintech companies. Prior to that he worked at Wachovia Securities.

Mr. Ramsey is a Chartered Financial Analyst (CFA). He earned a Bachelor of Arts (BA) Degree from Hampden-Sydney College in managerial economics and a Master of Business Administration (MBA) from the College of William and Mary.

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 $10.9 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.

Contacts:
Jay Sidhu, Chairman & CEO 610-935-8693
Richard Ehst, President & COO 610-917-3263
Investor Contact:
Robert Wahlman, CFO 610-743-8074

Source:Customers Bancorp, Inc.