Customers Bank Opens Washington, D.C. Private & Commercial Banking Office and Adds Ronald K. Hobson to their Roster

WASHINGTON, May 01, 2018 -- Customers Bank, a leading super-community bank with operations in Pennsylvania, District of Columbia, Illinois, New York, New Jersey and New England, is pleased to announce that its new Washington, D.C. office, part of the Bank’s Private and Commercial Banking division, is now open for business.

The limited-purpose office, which was first announced last summer, combines the bank’s expertise in private and commercial banking with personalized solutions and access to a wide range of financial services from a single source. These services include loan production for commercial, industrial, consumer and real estate lending, as well as corporate cash management, credit cards, merchant processing, and business and private personal banking, all leveraging the bank’s proven high-tech, high-touch, single-point-of-contact model.

“Our success in major urban markets supports our belief that private and commercial customers are increasingly demanding tailored product and service choices that reflect their needs – which are heavily driven by evolving local market conditions and trends,” said Jay Sidhu, Chairman and CEO of Customers Bank. “While we’ll continue to provide best-in-class technology solutions that permit customers to bank how they want, when they want, having a local office gives our growing customer base in D.C. the flexibility to work with banking professionals that they know and trust. Our customers work directly with their relationship bankers through a single-point-of-contact.”

Banking veteran Travis L. Gray was appointed Senior Vice President and Banking Group Head of the first Washington, D.C. banking group. Prior to joining Customers Bank, Gray served as Senior Vice President and National Sales Executive at Bank of America Global Commercial and Investment Bank, where he built and oversaw the management and growth of a $1.1 billion asset finance business. 

Ronald K. Hobson will join Gray’s D.C. banking group as Senior Vice President and Client Manager. Hobson is a veteran banker with over 30 years of commercial banking experience, most recently serving as Senior Vice President at Main Street Bank. He worked in the Clinton Administration as the Associate Deputy Administrator for Government Contracting and Minority Enterprise Development at the U.S. Small Business Administration, where he oversaw the nation’s $6 billion SBA business development program, and later served as Associate Director at the Office of the Under Secretary of Defense, Small and Disadvantaged Business Utilization at the Department of Defense. Hobson is widely known in the Washington, D.C. market as an advocate for promoting and developing small business entrepreneurs. He has also served at the Pentagon as a non-commissioned officer in U.S. Army Intelligence. Hobson actively supports numerous community-based organizations, including a role as member and Chairman of the Board, respectively, of the Northern Virginia Urban League.

"Travis Gray and his group are amongst the most skilled and highly regarded veteran bankers in the District’s Metro area and they will help lead our entry into our Nation’s capital,” said George Maroulis, Managing Director, Executive Vice President and Head of Customers Bank’s Private and Commercial Banking Division. "Customers Bank is dedicated to providing exceptional customer service and the products and services that businesses need. We look forward to partnering with local community groups to help bolster their missions and expand their outreach, as active corporate citizens of the broader communities in which we serve,” added Maroulis.

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 $10.8 billion as of March 31, 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.

Contacts:
Richard Ehst, President & COO
610-505-9190