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Nov. 25, 2013 /PRNewswire/
-- Customers Bancorp, Inc. (CUBI), the parent company of Customers Bank (collectively referred to as "Customers"), today announced that it has retained MZ Group as its investor relations advisor. MZ Group will assist Customers with executing a comprehensive investor relations and outreach program.
"We plan to increase our investor relations and outreach efforts. Our strong year-to-date results – with loans growing 95% to over
$2 billion and book value per share growing 11% to
$15.75 – combined with the additions to our leadership team, reinforces my confidence that we have a compelling story to tell," said Chairman and CEO
Jay Sidhu. "With the success MZ has demonstrated working with another community bank of our size, we are excited about working with them to expand our retail and institutional shareholder base."
"CUBI possesses all of the qualities our investors look for – a differentiated and sound growth strategy; a seasoned management team; and an attractive valuation," stated
Ted Haberfield, President of MZ North America. "We see tremendous opportunities for the Company to sustain disciplined growth at 2-3 times the industry average while maintaining sound credit quality and solid returns."
About Customers BankCustomers Bancorp, Inc. is a bank holding company located in
Wyomissing, Pennsylvania engaged in banking and related businesses through its bank subsidiary, Customers Bank. Customers Bank is a community-based, full-service bank with assets of approximately
$3.9 billion. A member of the Federal Reserve System and deposits insured by the Federal Deposit Insurance Corporation ("FDIC"), Customers Bank is an equal housing lender that provides a range of banking services to small and medium-sized businesses, professionals, individuals and families through offices in
New Jersey, and
Northern Virginia. 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 Bancorp, Inc. is listed on the NASDAQ exchange under the symbol CUBI. Additional information about Customers Bancorp, Inc. can be found on the company's website,
About MZ Group MZ Group, subsidiary of @titude Global, a multinational company and the world's largest independent global investor relations consulting firm, provides investor relations, corporate communications, market intelligence, corporate governance and technology products and services. Founded in 1999, MZ Group focuses on innovation and personalized services, supported by its exclusive "one-stop-shop" business model. With offices in São Paulo,
Mumbai, MZ has approximately 350 professionals who serve over 580 clients in 12 countries. For more information, please visit
"Safe Harbor" StatementIn 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.
SOURCE Customers Bancorp, Inc.