SOURCE: Customers Bank

Customers Bancorp, Inc.

January 29, 2015 08:00 ET

Steven Issa Named Chief Lending Officer of Customers Bank

WYOMISSING, PA--(Marketwired - January 29, 2015) - Steven J. Issa, executive vice president and president of the New England Group, has been named to assume additional responsibilities as Chief Lending Officer for Customers Bank, effective Feb. 1, 2015.

Issa, who has more than 35 years of experience in banking, will continue to report directly to Jay Sidhu, chairman and CEO, Customers Bank, and will also have responsibilities to Richard Ehst, president and COO, Customers Bank. He will continue to be based in Providence, RI.

"Steve will continue to provide his experience, wisdom and knowledge about all forms of commercial and industrial lending at Customers Bank," said Ehst. "Steve's responsibilities as Chief Lending Officer will contribute to the continued success of the bank's commercial/specialized and business lending divisions."

Ehst added that Customers Bank has an exceptional quality of lending experience, ranking among best-in-class of banking companies of less than $10 billion in size.

Issa joined Customers Bank in 2013. Prior to joining Customers he was with Flagstar Bank in Troy, MI. He also spent 13 years with then Sovereign Bank, now Santander, where he was managing director of the New England middle market and specialty groups.

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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