WYOMISSING, Pa., Aug. 13, 2013 /PRNewswire/ -- Customers Bank recently appointed Joseph E. Schupp as its Community Reinvestment Act (CRA) officer.
Schupp has an extensive background in community reinvestment and economic development activities and programs. Most recently he served as Community Reinvestment Officer and Foundation Administrator for Sovereign Bank's approximately $90 billion financial footprint.
In his new role, Schupp will focus on ensuring that Customers Bank helps meet the credit needs of the communities throughout its service area, including low- and moderate-income neighborhoods in Philadelphia and the surrounding region, in ways that are consistent with safe and sound banking practices.
Schupp will report to Glenn Yeager, Executive Vice President and General Counsel for Customers Bank, as well as to the board of director's CRA & Fair Lending Committee, chaired by Ken Mumma.
"We are pleased to have a high caliber professional of Joe's talent, energy and experience in what we consider to be a crucial responsibility for a community bank such as ours," said Richard Ehst, President and Chief Operating Officer for Customers Bank. "One of the guiding tenets of our strategic growth has been to provide loans and other means of support in ways that help strengthen the communities we serve. By reinvesting in our communities, we will help create greater opportunities for local families and businesses to find success."
"We believe Joe will provide a unique blend of vision and experience to help lead this vital mission for Customers Bank," Ehst said.
Schupp plays an active role in a number of regional affordable housing and economic development initiatives throughout the Greater Philadelphia and Lehigh Valley regions, as well as statewide. He serves as treasurer for the Alliance for Building Opportunities, a developer and manager of affordable housing in communities in Lehigh, Northampton, Berks and Monroe counties, president of Valley Housing Development Corporation, and program manager for the Federal Home Loan Bank of Pittsburgh Affordable Housing Program.
Schupp graduated from Kutztown University, Kutztown, Pa., with a Bachelor of Arts degree in Business Administration.
He lives with his wife, Susan and daughter, Megan in Bethlehem, PA.
About Customers Bank
Customers Bank is a community-based, full-service bank headquartered in Phoenixville, Pa., with assets of approximately $3.5 billion. A member of the Federal Reserve System and deposits insured by the Federal Deposit Insurance Corporation ("FDIC"), Customers Bank provides a full range of banking services to small and medium-sized businesses, professionals, individuals and families through offices in Pennsylvania, New York, Rhode Island, Massachusetts and New Jersey. 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 Bank is a subsidiary of Customers Bancorp, Inc., a bank holding company based in Wyomissing, Pa. For more information, visit www.customersbank.com. Follow us at www.twitter.com/@CustomersBank
SOURCE Customers Bank