Expands Premier National Business Serving Innovation and Technology Companies
WEST READING, Pa.–(BUSINESS WIRE)–$CUBI #Hiring–Customers Bancorp (NYSE:CUBI), through its principal subsidiary, Customers Bank (“Customers”), has acquired a $631 million1 venture banking loan portfolio from the FDIC at approximately 85% of book value.1 Separate from the loan pool purchase, Customers has successfully recruited 30 team members from the group that originated these loans to service the venture-backed growth industry from seed-stage through late-stage.
The newly recruited team will give clients access to the capital to grow from innovation to maturity and leverage a customized, best-in-class tech platform to support their growth. The team has long-standing relationships with these clients offering them premier end-to-end financial services meeting all of their needs. The addition of these team members creates venture banking client coverage in Austin, the Bay Area, Boston, Southern
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