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Customers Bank adds Charles J. Margiotti III to New York Metro Private and Commercial Banking Division


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Wyomissing, Pa. (April 5, 2016) - Customers Bank, a community-based, full-service bank that is a subsidiary of Customers Bancorp, Inc. (NYSE:CUBI), has added Charles “Chuck” J. Margiotti as senior vice president and regional credit officer.

Margiotti will review new and existing loan requests from $1 million to $60 million.

Margiotti is joining Customers Bank with more than three decades of commercial and industrial lending experience. Most recently he served as senior vice president and middle market underwriting team leader at Capital One Bank, where he led a team of four senior underwriters in successfully managing a $2.1 billion middle market commercial and industrial loan portfolio, overseeing transactions ranging from $5 million to $75 million. Margiotti also managed multi-million dollar commercial portfolios at Citibank and Atlantic Bank of New York, respectively.

“Chuck is a veteran credit officer and his addition to our organization will help Customers Bank meet the needs of medium-sized businesses throughout the New York Metropolitan marketplace,” said George Maroulis, Executive Vice President and Head of Private and Commercial Banking at Customers Bank.

Margiotti will be based out of Customers Bank’s New York Metro Private and Commercial Banking Division office at 99 Park Avenue in New York, NY.

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 $8.4 billion that was named one of Forbes magazine’s 2016 100 Best Banks in America (there are over 6,200 banks in the United States). A member of the Federal Reserve System and 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.'s 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.