WYOMISSING, Pa., July 24, 2018 (GLOBE NEWSWIRE) -- Customers Bank, the region’s leading super-community bank with operations in Pennsylvania, D.C., Illinois, New York, New Jersey and New England, shared its insight and expertise in EB-5 funding at the 2018 EB-5 Convention in Los Angeles this week as part of its commitment to driving the U.S. economy through increased investments and job creation.
The EB-5 Immigrant Investor Program, which is administered by the Department of U.S. Citizenship and Immigration Services, was created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investments. The program, which uses globalization to solve the need for flexible and affordable financing for regional economic development projects throughout the country, has produced a substantial increase in much-needed foreign direct investments in the U.S., and has experienced exponential growth since 2008.
Namia Sultana, Senior Vice President and Banking Group Head for Customers Bank, CB Private & Commercial Bank, presented as part of a panel discussion, “Capital Stack Completion: Where to Go for Non EB-5 Funds – Solutions for When Your Raise Has Come Up Short.” Customers Bank also sponsored the Top 100 Global Migration Agency CEOs Awards Ceremony, which was held on Sunday, July 22, 2018.
“The EB-5 Immigrant Investor Program brings much-needed economic stimuli and jobs to the United States without any additional costs to the taxpayer – truly a win-win for everyone involved,” said Jay Sidhu, Chairman and CEO of Customers Bank. “As industry innovators, Customers Bank is able to develop and deliver financing solutions that other banks aren’t capable of, offering our customers and the communities we serve unparalleled service and support. We’re proud to support the EB-5 program.”
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 at 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.
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