WYOMISSING, Pa., Dec. 9, 2013 /PRNewswire/ -- Customers Bancorp, Inc. (CUBI), the parent company of Customers Bank (collectively referred to as "Customers"), announced that it was added to The American Bankers Association (ABA) NASDAQ Community Bank Index on December 26, 2013. The ABA Community Bank index includes approximately 380 community banks with more than $183 billion in market capitalization.
"We are delighted to be added to the ABA Community Bank Index," said Jay Sidhu, Chairman and CEO of Customers Bancorp. "As a strong advocate for all community banks across the nation, the ABA is the premier bank trade association. We believe our addition to the ABA Community Bank Index will increase our visibility among consumers, partners and investors."
The ABA NASDAQ Community Bank Index is a leading benchmark adopted by the financial community for the community banking industry. It is reported daily on the ABA website at www.aba.com and through all financial data services under the ticker symbol "ABAQ".
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 $3.9 billion. A member of the Federal Reserve System and deposits insured by the Federal Deposit Insurance Corporation ("FDIC"), Customers Bank is an equal housing 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 Jersey, and Northern Virginia. 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 a continually expanding portfolio of loans to small businesses, multi-family projects, mortgage companies and consumers.
Customers Bancorp, Inc. is listed on the NASDAQ exchange under the symbol CUBI. Additional information about Customers Bancorp, Inc. can be found on the company's website, www.customersbank.com.
The American Bankers Association is the voice of America's $13 trillion banking industry, representing banks of all sizes and charters, from the smallest community bank to the largest bank holding companies.
Our members rely on us for advocacy, information, training, products and services to make their banks more successful. Every member bank employee enjoys access to ABA resources and expertise that offer insights, analysis and solutions on the range of topics that impact the financial services industry. In addition, our strong alliance with the state bankers associations ensures we are responsive to bankers' views at the local, state and national levels.
"Safe Harbor" Statement
In addition to historical information, this press release may contain "forward-looking statements" which are made in good faith by Customers Bancorp, Inc., pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended. These forward-looking statements include statements with respect to Customers Bancorp, Inc.'s strategies, goals, beliefs, expectations, estimates, intentions, capital raising efforts, financial condition and results of operations, future performance and business. Statements preceded by, followed by or that include the words "may," "could," "should," "pro forma," "looking forward," "would," "believe," "expect," "anticipate," "estimate," "intend," "plan," or similar expressions generally indicate a forward-looking statement. These forward-looking statements involve risks and uncertainties that are subject to change based on various important factors (some of which, in whole or in part, are beyond Customers Bancorp, Inc.'s control). Numerous competitive, economic, regulatory, legal and technological factors, among others, could cause Customers Bancorp, Inc.'s financial performance to differ materially from the goals, plans, objectives, intentions and expectations expressed in such forward-looking statements. Customers Bancorp, Inc. cautions that the foregoing factors are not exclusive, and neither such factors nor any such forward-looking statement takes into account the impact of any future events. All forward-looking statements and information set forth herein are based on management's current beliefs and assumptions as of the date hereof and speak only as of the date they are made. For a more complete discussion of the assumptions, risks and uncertainties related to our business, you are encouraged to review Customers Bancorp, Inc.'s filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K, as well as any changes in risk factors that may be identified in its quarterly or other reports filed with the SEC. Customers Bancorp, Inc. does not undertake to update any forward looking statement whether written or oral, that may be made from time to time by Customers Bancorp, Inc. or by or on behalf of Customers Bank.
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