Press Release

Customers Bank Appoints Industry Veteran Daniel Park as Senior Vice President, Treasurer

WYOMISSING, PA. (June 18, 2020) – Customers Bank is pleased to announce industry veteran Daniel Park has joined the bank as Senior Vice President and Treasurer. Park will use his three decades of experience to enhance interest rate risk management processes, integrate capital and liquidity stress testing into corporate planning, as well as optimize funding, liquidity and capital management to maximize the bank’s profitability and fortify financial resilience.

In his new role, Park will establish relationships with Customers Bank’s business leaders to ensure Treasury is effectively delivering funding solutions to the bank’s clients. He will also be responsible for continuing to enhance relationships with the bank’s regulatory stakeholders as he focuses on investment portfolio management, liquidity and funding capital stress testing, as well as risk management.

“We are happy to have Dan join our team. Customers Bank is growing rapidly coming out of the COVID pandemic,” stated Richard Ehst, President and Chief Executive Officer of Customers Bank. “Dan will help to shape and guide our financial performance, returning greater value to our investors.”

Park’s financial expertise spans various executive management roles of increasing responsibility at industry-leading banking institutions where he directed capital planning, portfolio management, investment strategies, liquidity and capital management, regulatory compliance and other obligations. Most recently, Park served as Managing Director, Americas Capital Planning and Strategy at UBS. Previously, Park held executive positions at Morgan Stanley, Merrill Lynch, First Union National Bank, Deutsche Bank and Citibank.

“I’m thrilled to join Jay and the Customers Bank team,” stated Park. “I am looking forward to contributing to the management team’s vision for sustained growth and profitability.”

Park earned a Bachelor’s in Economics from The University of Chicago. He later earned an MBA in Finance and Marketing from The University of Chicago Booth School of Business. Park and currently resides in Manhattan with his wife and is looking forward to New York City’s inevitable revival.

To learn more about Customers Bank, please visit www.CustomersBank.com.

About Customers Bank

Customers Bank, a subsidiary of Customers Bancorp, Inc. a bank holding company, is a full-service super-community bank with assets of approximately $12 billion at March 31, 2019. 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 and lending services to small and medium-sized businesses, professionals, individuals and families.  Services and products are available wherever permitted by law through mobile-first apps, online portals, and a network of offices and branches. Customers Bancorp, Inc.’s voting common shares are listed on the New York Stock Exchange under the symbol CUBI.  Additional information can be found on the company’s website, www.customersbank.com.