Customers Bancorp Announces Appointment of Robert E. Wahlman as Chief Financial Officer

Customers Bancorp, Inc.

today announced that it has appointed Robert E. Wahlman as Chief Financial Officer of Customers Bancorp and its wholly-owned subsidiary Customers Bank, effective August 13, 2013. Mr. Wahlman is expected to first join the Customers team as an Executive Vice President, effective August 5, 2013, prior to his transition to the role of Chief Financial Officer in mid-August. "We are pleased to announce Bob Wahlman is joining the Customers Bank team," stated Jay Sidhu, Chairman and CEO of Customers Bancorp, Inc." His 25 years in the financial service industry has given him the knowledge to assist in the management and growth of the bank. Our entire management team looks forward to working with Bob." Before joining Customers, Mr. Wahlman was Executive Vice President and Chief Financial and Investment Officer of Doral Financial Corporation, a bank holding company with principal operations in Puerto Rico and growing operations in the New York City metropolitan area and northwest Florida. Mr. Wahlman's experience prior to Doral Financial Corporation included serving as Chief Financial Officer of various affiliates of Merrill Lynch & Co., including its U.S. Bank Group, Merrill Lynch Bank USA, and Merrill Lynch Bank and Trust. Before Merrill Lynch & Co., Mr. Wahlman was with CIGNA Corporation, a global health service company, serving as Controller and Chief Accounting Officer of CIGNA's four life insurance subsidiaries. Mr. Wahlman is a Certified Public Accountant and holds a Bachelor of Arts degree in Economics and History and a Master of Business Administration degree with a concentration in Finance from the University of Arkansas. Mr. Wahlman will succeed James D. Hogan who will retire as Interim Chief Financial Officer of the Company and the Bank, effective August 13, 2013. Mr. Sidhu commented: "The bank is very grateful and appreciative of Jim's efforts in filling this critical role over the last ten months. His efforts as CFO and, prior to that, Director of Enterprise Risk Management, have made a significant contribution over the last three years to the success of Customers Bancorp. Management and the board wish him well in his future endeavors." About Customers Bancorp, Inc. and Customers Bank Customers Bancorp, Inc., based in Wyomissing, Pennsylvania, is a bank holding company for Customers Bank. Customers Bank is a state-chartered, full-service bank headquartered in Phoenixville, Pennsylvania. Customers Bank is a member of the Federal Reserve System and is insured by the Federal Deposit Insurance Corporation. With assets of approximately $3.5 billion at March 31, 2013, Customers Bank provides a full range of banking services to small and medium-sized businesses, professionals, individuals and families through branch and office locations in Pennsylvania, New York, New Jersey, Rhode Island and Massachusetts. Customers Bank is focused on serving its targeted markets with a growth strategy that includes strategically placed branches throughout its market area and continually expanding its portfolio of loans to small businesses, multi-family projects, mortgage companies and consumers.