8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.   20549

__________________

FORM 8-K

__________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the

Securities Exchange Act of 1934

Date of Report (date of earliest event reported):  April 4, 2013

__________________

CUSTOMERS BANCORP, INC.

(Exact Name of Registrant as specified in its charter)

__________________

Pennsylvania	333-166225	27-2290659
(State or other jurisdiction	(Commission File Number)	(I.R.S. Employer
of incorporation)		Identification No.)

1015 Penn Avenue

Suite 103

Wyomissing PA 19610

Registrant's telephone number, including area code:  (610) 933-2000

None

(Former name or former address, if changed since last report) 

Check the appropriate box below if the form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instructions A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01 Entry into a Material Definitive Agreement

On April 4, 2013, Customers Bancorp, Inc. (the “Company”), Acacia Life Insurance Company (“Acacia”) and Ameritas Life Insurance Corp. (together with Acacia, “Sellers”) announced their mutual decision, due to delays in the receipt of regulatory approvals, not to extend the term of that certain Stock Purchase Agreement, dated as of June 20, 2012, as amended by those certain Amendment to Stock Purchase Agreement, dated as of December 18, 2012, Amendment No. 2 to Stock Purchase Agreement dated as of January 30, 2013, and Amendment No. 3 to Stock Purchase Agreement dated as of February 28, 2013,  by and among the Company and Sellers (the “Purchase Agreement”).  Instead, on April 4, 2013, the parties entered into a Termination and Non-Renewal Agreement to terminate the Purchase Agreement and the transactions contemplated thereby (the “Termination Agreement”).  Each party will bear its own costs and expenses in connection with the terminated transaction, without penalties.  The parties mutually agreed that the termination was in each company’s best interest.

The foregoing summary of the Termination Agreement is not complete and is qualified in its entirety by reference to the complete text of the Termination Agreement, which is attached as Exhibit 10.1 hereto and incorporated herein by reference in its entirety.

Item 1.02 Termination of a Material Definitive Agreement

The information set forth in Item 1.01 is incorporated by reference herein.

Item 2.02 Results of Operations and Financial Condition

On April 10, 2013, the Company issued a press release announcing unaudited financial information for the quarter ended March 31, 2013, a copy of which is included as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.

The information in this Current Report on Form 8-K, including Exhibit 99.1 attached hereto and incorporated by reference into this Item 2.02, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that Section. Furthermore, such information, including the exhibit attached hereto, shall not be deemed incorporated by reference into any of the Company’s reports or filings with the SEC, whether made before or after the date hereof, except as expressly set forth by specific reference in such report or filing. The information in this Current Report on Form 8-K, including the exhibits attached hereto, shall not be deemed an admission as to the materiality of any information in this report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit	Description
Exhibit 10.1	Termination and Non-Renewal Agreement, dated as of April 4, 2013, by and among the Company, Acacia Life Insurance Company  and Ameritas Life Insurance Corp.
Exhibit 99.1	Press Release

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

CUSTOMERS BANCORP, INC.

By:  /s/ James D. Hogan

Name:  James D. Hogan

Title:  Executive Vice President and Chief Financial Officer

Date:           April 10, 2013

EXHIBITS INDEX

Exhibit	Description
Exhibit 10.1	Termination and Non-Renewal Agreement, dated as of April 4, 2013, by and among the Company, Acacia Life Insurance Company and Ameritas Life Insurance Corp.
Exhibit 99.1	Press Release

EX-10.1

Exhibit 10.1

TERMINATION AND NON-RENEWAL AGREEMENT

This Termination and Non-Renewal Agreement (this “Agreement”) is entered into as of April 4, 2013 by and among Customers Bancorp, Inc., a Pennsylvania corporation (“Buyer”), on the one hand, and Acacia Life Insurance Company, a District of Columbia life insurance company (“Acacia Life”), and Ameritas Life Insurance Corp., a Nebraska corporation (“Ameritas Life”), on the other hand. Acacia Life and Ameritas Life are referred to herein collectively as the “Sellers” and individually as a “Seller”.

RECITALS

WHEREAS, Buyers and Sellers are parties to a Stock Purchase Agreement, dated June 20, 2012, as amended and extended on December 18, 2012, January 30, 2013 and February 28, 2013 (the “Stock Purchase Agreement”); and

WHEREAS, capitalized terms used but not otherwise defined herein shall have the respective meanings assigned to such terms in the Stock Purchase Agreement; and

WHEREAS, Section 7.1(a) of the Stock Purchase Agreement provides that the Stock Purchase Agreement may be terminated at any time prior to the Closing Date by mutual written consent of Buyer and Sellers; and

WHEREAS, due to delays in the receipt of regulatory approvals, the parties have decided to not further extend the Stock Purchase Agreement, and desire to enter into this Agreement.

AGREEMENT

NOW, THEREFORE, in consideration of the promises and the agreements set forth herein, the parties agree as follows:

1.           Termination of Stock Purchase Agreement.  Effective immediately, Buyer and Sellers hereby terminate the Stock Purchase Agreement pursuant to Section 7.1(a) of the Stock Purchase Agreement by the mutual consent of the parties thereto.

2.           Effect of Termination; Mutual Discharge and Waiver.

(a)           Except as expressly provided in this Agreement, including Section 3 hereto, as a result of the termination of the Stock Purchase Agreement pursuant to this Agreement, the Stock Purchase Agreement shall become void, and there shall be no liability under the Stock Purchase Agreement on the part of any party hereto or any of their respective affiliates, subsidiaries, directors, officers, shareholders, employees, agents, financial and legal advisors and other representatives, and all rights and obligations of each party thereto shall cease, except that no party shall be relieved or released from any liabilities or damages arising out of its willful breach as provided in Section 7.2 of the Stock Purchase Agreement.

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(b)           Each party hereto, on behalf of itself and, to the extent permitted by law, its affiliates, subsidiaries, directors, officers, shareholders, employees, agents, financial and legal advisors and other representatives, and the successors and assigns of each of them (each, a “Releasing Party”), hereby releases the other party hereto and each of its respective affiliates, subsidiaries, directors, officers, shareholders, employees, agents, financial and legal advisors and other representatives, and the successors and assigns of each of them, from any and all liabilities and obligations, claims, causes of action and suits, at law or in equity, whether now known or unknown, whether arising under any federal, state, local or foreign law or otherwise, that any Releasing Party has, has had or may have in the future arising out of, relating to, or in connection with the Stock Purchase Agreement and the transactions contemplated thereby, including, without limitation, any liability or obligation arising out of any breach or alleged breach of any representation, warranty, covenant or agreement contained in the Stock Purchase Agreement, provided that nothing in this Section 2 shall impair the survival and full force of the Confidentiality Agreement (as defined in Section 3 below).

3.           Survival of Confidentiality Agreement.  Notwithstanding anything contained in this Agreement or in the Stock Purchase Agreement to the contrary, the provisions of the Confidentiality Agreement by and among Buyer, Acacia Federal Savings Bank and Sellers, dated as of May 9, 2012 shall survive and remain in full force and effect in accordance with its terms.  On or before April 15, 2013, Buyer agrees to return all Confidential Information (as such term is defined in the Confidentiality Agreement) held by it or any of its Representatives (as such term is defined in the Confidentiality Agreement), and to destroy all other documents, memoranda, notes, summaries, analyses, extracts, compilations, studies or other material prepared by or in the possession of Buyer or its Representatives, based on the Confidential Information.  Each party acknowledges that the Confidentiality Agreement shall apply to any respective successor(s) thereof.

4.           Public Announcement.  Buyer and Sellers acknowledge that Buyer intends to issue a press release promptly after the execution of this Agreement with respect to this Agreement and the termination of the Stock Purchase Agreement.  Buyer shall consult with Sellers before issuing such press release.

5.           Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania, without regard to conflicts of laws principles.  This Agreement shall be binding upon any successor to Buyer or Sellers.

6.           Headings.  The descriptive headings contained in this Agreement are included for convenience of reference only and shall not effect in any way the meaning or interpretation of this Agreement.

7.           Amendment; Counterparts.  This Agreement may be modified or amended only by a writing signed by the parties hereto.  This Agreement may be executed and delivered (including by facsimile transmission) in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed and delivered shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.

2

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized officers as of the date first written above.

Buyer
CUSTOMERS BANCORP, INC.
By:	/s/ Richard Ehst
	Richard Ehst
	President and Chief Operating Officer
Sellers
AMERITAS LIFE INSURANCE CORP.
By:		/s/ William W. Lester
		William W. Lester
		Executive Vice President and Corporate
		Treasurer
ACACIA LIFE INSURANCE COMPANY
By:		/s/ William W. Lester
		William W. Lester
		Executive Vice President and Corporate
		Treasurer

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EX-99.1

Exhibit 99.1

	Customers Bancorp SM
	1015 Penn Avenue
	Wyomissing, PA 19610
	Contacts:
	Jay Sidhu, Chairman & CEO 610-935-8693
	Richard Ehst, President & COO 610-917-3263
	Investor Contact:
	James D. Hogan, CFO 484-359-7113

CUSTOMERS BANCORP ANNOUNCES 131% INCREASE IN NET INCOME AND 42% INCREASE IN EPS FOR THE FIRST QUARTER 2013

Wyomissing, PA – April 10, 2013 – Customers Bancorp, Inc. (CUUU) today reported net income of $7,188,997 or $0.38 per diluted share for the first quarter of 2013.  Highlights for the first quarter 2013 included:

·   Net income increased 131% over the same quarter in 2012.

·   Diluted EPS increased 42% over the same quarter in 2012.

·   For the quarter ended March 31, 2013, ROA was 0.98% and ROE was 10.63%.  Assets at March 31, 2013 were $3.5 billion.

·   Capital ratios remained strong with Tier 1 Leverage of 9.16% and Total Risk Based Capital of 10.59%1 at March 31, 2013.

·   Asset quality remained strong.  NPA’s in originated portfolio were $ 25.0 million or 0.84% of average assets at March 31, 2013.

·   Company intends to list on a national securities exchange in the second quarter.

·   Announces non-renewal / termination of agreement to acquire Acacia Federal Savings Bank due to continued regulatory delays.

Jay Sidhu, Chairman and CEO of Customers Bancorp, Inc., stated “the bank continues to report solid financial performance, loan and deposit growth, and asset quality.  During the first quarter ended March 31, 2013, net loans, including loans held for sale, grew from $1.472 billion at March 31, 2012 to $2.952 billion at March 31, 2013, a 100.5% increase.  Total deposits at March 31, 2012 were $1.805 billion compared to $2.536 billion at March 31, 2013, a 40.5% increase.  Net income for the first quarter of 2013 was $7.189 million with diluted EPS of $0.38, compared to net income of $3.1 million and EPS of $0.27 for the first quarter 2012.  We continued to build out our infrastructure to provide state of the art banking services to both our retail and business customers.  Despite a sluggish economy, we look forward to the remainder of 2013 with confidence in our ability to profitably deliver quality banking services to our customers”.

___________

1 Total Risk Based Capital at March 31, 2013 is estimated.

James D. Hogan, Executive Vice President and CFO, reported “Our first quarter earnings included continued strong warehouse lending and other lending activity, which contributed to our revenue growth.  We saw very good growth in multifamily and CRE lending and we expect to continue growing these lines of business.  To better serve our shareholders, we intend to list our stock on a national securities exchange in the second quarter of 2013”.

In addition, Mr. Sidhu continued, “despite a difficult environment, we are committed to serve our customers and provide a wide range of customer services.  Our organic growth in the first quarter indicates we can attract new customers and provide the services they need.   As a result of the current environment and due to continued regulatory delays we have decided not to pursue the acquisition of Acacia and instead continue to focus on organic growth and other opportunities at this time”.

“To continue our strong organic growth, in late March 2013 we hired very experienced lending teams in Providence, Rhode Island, Boston, Massachusetts, and New York, New York.  We have purchased $200 million of commercial loan commitments from Flagstar Bank and have brought on the entire banking team responsible for these relationships.  With $157 million of loans outstanding, this team is capable of booking an additional $200 million of commercial loans before the end of the year.  The New York team is already in place and will generate significant loans and deposits during the remainder of the year.  We welcome these new team members and are confident they will succeed”.

In March 2013 a suspected fraud was discovered in the Bank’s loans held-for-sale portfolio.  Immediate steps were taken to protect the bank’s position and this process is continuing.  Although we are very early in the process, the bank is taking steps to minimize any loss exposure that may result.  Total loans involved in this fraud appear to be approximately $5.2 million.  In estimating the loss exposure we believe a range of possible loss could be as low as $1.5 million or less to a maximum of $3.2 million.  Accordingly we have provided a loss contingency of $2.0 million at March 31, 2013.  “Excluding this one-time charge, earnings for the quarter would have been even stronger,” stated Hogan.

EARNINGS SUMMARY
(dollars in thousands, except per-share data)
		Q1 2013			Q4 2012			Q1 2012		Percent Change 1Q13 vs 1Q12
Net income applicable to common shareholders	$	7,189		$	7,566		$	3,112			131.0	%
Diluted earnings per share	$	0.38		$	0.40		$	0.27			42.1	%
Return on average assets (%)		0.98	%		1.06	%		0.66	%		50.1	%
Return on average common equity (%)		10.63	%		11.32	%		8.36	%		27.1	%
Net interest margin (%)		3.26	%		3.20	%		3.00	%		8.6	%
Efficiency ratio (%)		57.54	%		51.44	%		62.76	%		-8.3	%
Book value per common share (period end)	$	14.98		$	14.60		$	13.33			12.4	%

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Net Income and Revenue Growth

Net income available to common shareholders for Customers Bancorp, Inc. was $7.2 million for the first quarter of 2013, 131.0% higher than the $3.1 million for the first quarter of 2012. Diluted earnings of $0.38 per share for the first quarter of 2013 were 42.1% higher than the $0.27 per share for the first quarter of 2012. Return on average assets and return on average common equity were 0.98% and 10.63%, respectively, for the first quarter of 2013, compared with 0.66% and 8.36%, respectively, for the first quarter of 2012.

Growth in total net revenue during the first quarter 2013 was 67% over the same period in 2012 and was driven by increases in net interest income and non-interest income. Non-interest expenses during the same period were up approximately 55%, including one time charges in 2013.

Loan Growth

Total loans increased by $213.7 million during the first quarter of 2013 to $2.952 billion at March 31, 2013, compared to $2.738 billion at December 31, 2012, and $1.472 billion at March 31, 2012. Loan growth was primarily attributable to growth in commercial loans of $28.8 million, multi-family loans of $116.1 million and the purchase of a commercial loan portfolio of $157.2 million offset by a decline in mortgage warehouse loans of $82.4 million.

Deposit Growth

Total deposits were $2.5 billion at March 31, 2013, which was 3.9%, or $95.0 million, higher than deposits at December 31, 2012, and 40.5%, or $731.2 million, higher than deposits of $1.8 billion at March 31, 2012. The average cost of deposits fell 40 basis points from the first quarter of 2012. Non-interest demand deposits were up 81% over same period in 2012.  Interest bearing demand deposits were up another 33% over the first quarter of 2012.

Asset Quality

Total non-performing assets in the originated loan portfolio increased by $2.7 million from December 31, 2012 to $25.0 million at March 31, 2013.  Other real estate owned in the originated portfolio increased approximately $0.8 during the first quarter to $3.1 million at March 31, 2013 compared to $2.2 million at December 31, 2012. Total non-performing assets in the covered portfolio increased by $0.4 million to $15.0 million at March 31, 2013 from $14.6 million at December 31, 2012.

The provision for loan losses for the first quarter was $1.1 million, a decrease of $0.5 million from the fourth quarter of 2012 and $0.7 million for the same period in 2012.  New originations continue to perform very well with almost no delinquencies.

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Net Interest Income

Net interest income was $22.5 million for the first quarter of 2013, 68% higher than the $13.4 million for the first quarter of 2012.  The increase of $9.1 million was primarily the result of growth in the loan portfolio.

Non-Interest Income

Non-interest income for the three months ended March 31, 2013 increased $2.4 million, or 63.9%, to $6.1 million, from $3.7 million for the same period in 2012. The increase was primarily from increased mortgage warehouse lending fees and indemnification fees.

Non-Interest Expense

Non-interest expense for the three months ended March 31, 2013 increased $5.9 million, or 55.1%, to $16.5 million, from $10.6 million for the same period in 2012. The increase was primarily driven by higher costs for staffing and technology infrastructure needed to support the strong loan growth and one time charges related to the potential fraud discussed above.

BALANCE SHEET HIGHLIGHTS
(dollars in thousands)		Q1 2013		Q42012		Q1 2012	Percent Change  1Q13 vs 4Q12			Percent Change  1Q13 vs 1Q12
Cash and cash equivalents	$	181,140	$	186,016	$	90,824		-2.6	%		99.4	%
Investment securities		162,030		129,093		309,368		25.5	%		-47.6	%
Loans held for sale		1,359,817		1,439,889		175,868		-5.6	%		673.2	%
Total loans receivable, net		1,592,416		1,298,630		1,296,463		22.6	%		22.8	%
Other assets		163,221		147,606		103,069		10.6	%		58.4	%
Total assets	$	3,458,624	$	3,201,234	$	1,975,592		8.0	%		75.1	%
Demand, non-interest bearing	$	242,509	$	219,687	$	133,916		10.4	%		81.1	%
Demand, interest bearing		1,051,831		1,020,946		791,923		3.0	%		32.8	%
Savings		23,081		20,299		20,024		13.7	%		15.3	%
Certificates of deposit		1,218,405		1,179,886		858,737		3.3	%		41.9	%
Total deposits		2,535,826		2,440,818		1,804,600		3.9	%		40.5	%
Borrowings		629,000		478,000		13,000		31.6	%		4738.5	%
Other liabilities		16,888		12,941		6,684		30.5	%		152.7	%
Total liabilities		3,181,714		2,931,759		1,824,284		8.5	%		74.4	%
Total shareholders' equity		276,910		269,475		151,308		2.8	%		83.0	%
Total liabilities and shareholders'equity	$	3,458,624	$	3,201,234	$	1,975,592		8.0	%		75.1	%

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INCOME STATEMENT HIGHLIGHTS
(dollars in thousands)		Q12013		Q4 2012		Q1 2012	Percent Change  1Q13 vs 1Q12
Net interest income	$	22,525	$	21,665	$	13,410		68.0	%
Non-interest income		6,115		4,483		3,732		63.9	%
Total net revenue		28,640		26,148		17,142		67.1	%
Non-interest expense		16,480		13,444		10,627		55.1	%
Income before provision and taxes		12,160		12,704		6,515		86.6	%
Provision for loan losses		1,100		1,617		1,800		-38.9	%
Income before tax expense		11,060		11,087		4,715		134.6	%
Income tax expense		3,871		3,521		1,603		141.5	%
Net income	$	7,189	$	7,566	$	3,112		131.0	%

Average Balance Sheet / Margin
	Three Months Ended March 31,
	2013					2012
(Dollar amounts in thousands)				Average yield or cost (%)					Average yield or cost (%)
Assets
Interest Earning Deposits	$	174,637		0.25	%	$	100,578			0.26	%
Investment securities, taxable		143,028		2.32	%		344,804			3.38	%
Investment securities, non taxable		-		0.00	%		2,070			4.15	%
Loans, Taxable		2,502,648		4.36	%		1,362,835			4.61	%
Loans, non-taxable		11,491		2.53	%		2,463			2.24	%
Allowance for loan and lease losses		(26,299	)				(15,513	)
Total interest-earning assets		2,805,505		4.03	%		1,797,237			4.17	%
Non-interest-earning assets		156,969					111,604
Total Assets	$	2,962,474				$	1,908,841
Liabilities
Total Interest bearing deposits		2,249,385		0.93	%		1,527,604			1.34	%
Other borrowings		171,333		0.61	%		91,264			0.67	%
Total interest-bearing liabilities		2,420,718		0.90	%		1,618,868			1.30	%
Non-interest-bearing deposits		254,859					132,303
Total deposits & borrowings		2,675,577		0.82	%		1,751,171			1.20	%
Other non-interest-bearing liabilities		12,550					7,939
Total Liabilities		2,688,127					1,759,110
Shareholders' equity		274,347					149,731
Total liabilities & shareholders' equity	$	2,962,474				$	1,908,841
Net interest margin				3.25	%					3.00	%
Net interest margin tax equivalent				3.26	%					3.00	%

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LOAN LOSS EXPERIENCE
(dollars in thousands)
		Q1			Q4			Q3			Q2			Q1
		2013			2012			2012			2012			2012
Allowance for loan losses:
Beginning balance	$	(25,837	)	$	(24,974	)	$	(16,118	)	$	(15,400	)	$	(15,032	)
Charge-offs		562			1,171			1,417			2,106			1,472
Recoveries		(64	)		(417	)		(157	)		(86	)		(40	)
Net charge-offs		498			754			1,260			2,020			1,432
Provision for loan losses		(1,100	)		(1,617	)		(10,116	)		(2,738	)		(1,800	)
Ending balance	$	(26,439	)	$	(25,837	)	$	(24,974	)	$	(16,118	)	$	(15,400	)
Cash reserves	$	3,138		$	3,486		$	4,092		$	5,045		$	6,095
Allowance to loans		1.63	%		1.95	%		2.30	%		0.98	%		1.17	%
Net charge-offs to average loans		0.04	%		0.07	%		0.07	%		0.14	%		0.11	%
Originated non-performing assets:
Non-accrual originated loans	$	21,922		$	20,028		$	20,906		$	21,155		$	22,302
Other real estate owned		3,085			2,245			1,624			944			1,924
Total	$	25,007		$	22,273		$	22,530		$	22,099		$	24,226
Originated non-performing assets/average assets		0.84	%		0.79	%		0.91	%		1.06	%		1.27	%
Restructured loans in compliance with modified terms	$	2,703		$	2,189		$	1,701		$	1,892		$	1,604

About Customers Bancorp, Inc. and Customers Bank

Customers Bancorp, Inc. is a bank holding company for Customers Bank based in Wyomissing, Pennsylvania. Customers Bank is a state-chartered, full-service bank headquartered in Phoenixville, Pennsylvania. Customers Bank is a member of the Federal Reserve System and is insured by the Federal Deposit Insurance Corporation (“FDIC”). With assets of approximately $3.5 billion at March 31, 2013, Customers 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, New Jersey, Rhode Island and Massachusetts. Customers Bancorp, Inc. has one pending acquisition, CMS Bancorp, Inc. in White Plains, NY. Customers 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, multi-family projects, mortgage companies and consumers.

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“Safe Harbor” Statement

In addition to historical information, this press release may contain “forward-looking statements” which are made in good faith by Customers Bancorp, Inc., pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended. These forward-looking statements include statements with respect to Customers Bancorp, Inc.’s strategies, goals, beliefs, expectations, estimates, intentions, capital raising efforts, financial condition and 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 Customers Bancorp, Inc.’s control). Numerous competitive, economic, regulatory, legal and technological factors, among others, could cause Customers Bancorp, Inc.’s financial performance to differ materially from the goals, plans, objectives, intentions and expectations expressed in such forward-looking statements. Customers Bancorp, Inc. cautions that the foregoing factors are not exclusive, and neither such factors nor any such forward-looking statement takes into account the impact of any future events. All forward-looking statements and information set forth herein are based on management's current beliefs and assumptions as of the date hereof and speak only as of the date they are made. For a more complete discussion of the assumptions, risks and uncertainties related to our business, you are encouraged to review Customers Bancorp, Inc.’s filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K, as well as any changes in risk factors that may be identified in its quarterly or other reports filed with the SEC. Customers Bancorp, Inc. does not undertake to update any forward looking statement whether written or oral, that may be made from time to time by Customers Bancorp, Inc. or by or on behalf of Customers Bank.

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