Customers Bank Hires Louis Ciarlante to Join Our Commercial Banking Team

WYOMISSING, Pa., May 16, 2011 /PRNewswire/ -- Customers Bank is pleased to announce that Louis Ciarlante was hired as Vice President and Portfolio Manager in Commercial Lending.  He will be working from our Phoenixville Office.

Ciarlante, of Delaware County, PA, has more than 16 years of retail and commercial banking experience. Before coming to Customers Bank, Louis was Vice President in Commercial Lending for NOVA Bank, located in Philadelphia and managed a significant loan portfolio.  

In the early 90's Ciarlante began his banking career with CoreStates Bank and moved on to First Cornerstone Bank in King of Prussia, with assignments in underwriting, credit and lending. During his career, Louis has participated in numerous civic and business organizations in Delaware County.

"Customers Bank is focused on expanding our commercial loan portfolio to small and mid-sized businesses," said Dick Ehst, President and Chief Operating Officer.  "Lou has years of experience in portfolio management and will be responsible for managing some of our loan portfolio as well as assisting our Commercial Lenders."

Ciarlante graduated from LaSalle University with a Bachelor of Science degree in Finance. He has attended the Philadelphia Commercial Lending School and pursued a variety of additional courses in banking education throughout his career.

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 $1.5 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