SOURCE: Customers Bank

Customers Bancorp, Inc.

April 13, 2015 15:45 ET

Customers Bank Appoints Mary Lou Scalese to Chief Auditor and Executive Vice President

WYOMISSING, PA--(Marketwired - April 13, 2015) - Customers Bank has promoted Mary Lou Scalese to chief auditor and executive vice president.

Scalese previously served as senior vice president and chief risk officer.

In her new role, Scalese will develop and implement a risk-focused internal audit program to evaluate and improve the effectiveness of Customers Bank's risk management, control and governance processes. She will report directly to the audit committee chairman, and administratively to Chairman and CEO Jay Sidhu.

As chief risk officer, Scalese developed and executed the Enterprise Risk Management Program, which identifies, and works to mitigate, significant and emerging risks. She worked within the Risk Management Framework to develop the risk appetite statement; performed, evaluated and reported risk assessments to the Board Risk Committee and management; conducted stress testing; and chaired the Risk Management Committee.

Scalese, who received an MBA from St. Joseph's University, joined Customers Bank in 2009 as chief auditor and senior vice president. She lives in Reading, Pa., and is a member of the Institute of Internal Auditors and the Risk Management Association.

About Customers Bancorp, Inc. and Customers Bank

Customers Bancorp, Inc. is a bank holding company in Wyomissing, Pa., engaged in banking and related businesses through its subsidiary, Customers Bank. Customers Bank is a community-based, full-service bank with assets of $6.8 billion. A member of the Federal Reserve System and deposits insured by the Federal Deposit Insurance Corporation ("FDIC"), Customers Bank is an equal housing lender that provides a full range of banking services to small- and medium-sized businesses, professionals, individuals and families through offices in Pennsylvania, New York, Rhode Island, Massachusetts 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 a continually expanding portfolio of loans to small businesses, multi-family projects, mortgage companies and consumers.

Customers Bancorp, Inc. is listed on the NYSE under the symbol CUBI. Additional information about Customers Bancorp, Inc. can be found on the company's website, www.customersbank.com.

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