More Than $150 Million in Deposits in 12 Months

WYOMISSING, Pa., June 30, 2011 /PRNewswire/ -- Customers Bank opened its Doylestown branch one year ago this month.  Today, the branch has more than $150 million in deposits with a diverse customer base of individuals and small businesses in Central Bucks County. The Bank has eleven branches in Pennsylvania, New Jersey and New York.

"The Doylestown branch is a significant contributor to Customers Bank being ranked fourth out of 3,077 community banks with assets less than $3 billion in the USA by the ABA Banking Journal in its 19th Annual Bank Performance Rankings published this month," said Dom Paciolla, Vice President, Customers Bank, located in Doylestown.

"Our success is due to our very convenient banking experience, and simple and easy to understand banking products," said Paciolla. "Our customers experience an entirely new way of banking, an unrivaled level of convenience, which results from combining high-tech tools delivered with high-touch customized service so that our customers can bank when, where and how they want. They have access to easy to understand products like our Convenience Checking, which refunds all surcharges incurred from using any of the 400,000 ATM machines in the USA. Our customers receive no charge from Customers Bank for using someone else's ATM and any surcharge incurred from using any other ATM is refunded automatically each month."

"Convenience Checking offers free online banking, bill pay services, and a free debit card," continued Paciolla. "Customers earn cash back rewards when using their debit card at various merchants. They can rely on free text messaging services to receive low account balance alerts to avoid bouncing checks, they can use text messaging to ask for their account balance, transfer funds, or see what checks have recently cleared."

"Customers Bank is committed to providing our customers with the best possible banking experience. Our success in large part is due to our philosophy that touches every area of our organization: putting the needs of our customers first," said Warren Taylor, President of Community Banking, Customers Bank.

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 $1.6 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.

"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