Customers Bank Welcomes Sal Cortorillo to Serve as Senior Vice President and Regional Executive for the New York Metropolitan Markets

WYOMISSING, Pa., May 12, 2011 /PRNewswire/ -- Customers Bank announced today that Sal Cortorillo has joined the Retail Banking Team.  Cortorillo will serve as Senior Vice President and Regional Executive for the New York metropolitan markets (New York, Connecticut and New Jersey).  Sal will be working from our Port Chester, New York Office.

Cortorillo, of Franklin Lakes, NJ has more than 28 years of commercial banking experience in the New York and New Jersey metropolitan markets. Before coming to Customers Bank, Sal was Director for Lake Street Capital Group.  His responsibilities included originating and closing commercial loans.  Before moving to Lake Street Group, Cortorillo was Senior Vice President and Senior Lending Officer for Hudson Valley Bank, NA where he concentrated on middle market banking customers; primarily commercial loans and related banking services.

Cortorillo will focus his energies on expanding the Customers Bank franchise in the New York metropolitan markets by developing and maintaining key business relationships. Customers Bank provides a full range of banking services to small and medium-sized businesses, professionals, individuals and families.

"Our name reflects our passion to place the needs of our customers at the forefront of all that we do.  Our customers experience an entirely new way of banking, which features 'high tech' and 'high touch' customized service," said Dick Ehst, President and Chief Operating Officer.  "Sal has years of experience in developing new relationships and deepening the existing ones."

Cortorillo graduated from William Patterson University with a Bachelor of Arts degree in Business Administration.  Sal obtained his MBA from Fairleigh Dickinson University.  He is a member of the New York Bankers Association (NYBA), Westchester County Bankers Association (WCBA), NJ League of Community Bankers, and other professional organizations.

About Customers Bank

Customers Bank (the "Bank") is a state-chartered, full-service bank headquartered in Phoenixville, Pennsylvania.  The Bank is a member of the Federal Reserve System and is insured by the Federal Deposit Insurance Corporation (FDIC).  With assets of more than $1. billion, the Bank provides a full range of banking services to small and medium-sized businesses, professionals, individuals and families through branch locations in Pennsylvania, New York and New Jersey. The 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 and consumers.  

"Safe Harbor" Statement

In addition to historical information, this information may contain "forward-looking statements" which are made in good faith by the Bank, pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements include statements with respect to the Bank's strategies, goals, beliefs, expectations, estimates, intentions, financial condition, 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 the Bank's control).  Numerous competitive, economic, regulatory, legal and technological factors, among others, could cause the Bank's financial performance to differ materially from the goals, plans, objectives, intentions and expectations expressed in such forward-looking statements.  The Bank cautions that the foregoing factors are not exclusive, and neither such factors nor any such forward-looking statement takes into account the impact that any future acquisition may have on the Bank and any such forward-looking statement.  The Bank does not undertake to update any forward-looking statement whether written or oral, that may be made from time to time by or on behalf of the Bank.

SOURCE Customers Bank