Press Release

Pennsylvania Housing Finance Agency Ranked Customers Bank as a Top-10 Lender for Third Straight Year

Customers Bank’s Elsie Maduro named PHFA’s Top Individual Mortgage Originator for third consecutive year

Wyomissing, Pa. (April 27, 2020) – Customers Bank is proud to announce the Pennsylvania Housing Finance Agency (PHFA) ranked the bank a top-10 lender for the third year in a row. PHFA named Elsie Maduro, Vice President and CRA Mortgage Officer at Customers Bank, as the Top Individual Mortgage Originator for the third consecutive year.

Customers Bank ranked in the top 10 out of PHFA’s approximately 93 lending partners across Pennsylvania. The rankings were based on the total volume of closings for PHFA home loans throughout the year. PHFA also recognized organizations and individuals in special categories, including naming Customers Bank the Top Minority Lender, an honor the bank also won in 2017 and 2018.

“Everyone at Customers Bank is very proud of Elsie’s accomplishments and her continued commitment to helping Pennsylvania residents achieve homeownership,” said Richard Ehst, President and Chief Executive Officer of Customers Bank. “Customers Bank has a long history of serving as an advocate for low- and moderate-income individuals and families, as well as those with special housing needs throughout the communities we serve. Our partnership with the PHFA is very important to us and being recognized as a Top-10 and Top Minority Lender in the state for three consecutive years demonstrates the dedication of our Team Members.”

Customers Bank realizes that every real estate purchase has its own financial characteristics. The bank offers numerous mortgage programs to assist everyone from first-time homebuyers to individuals and families seeking to purchase their dream home.

About Customers Bank

Customers Bancorp, Inc. is a bank holding company located in Wyomissing, PA engaged in banking and related businesses through its bank subsidiary, Customers Bank, a community-based, full-service bank with assets of approximately $11.5 billion at December 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 about Customers Bancorp, Inc. can be found on the Company’s website, www.customersbank.com.