Customers Bancorp acquires $631M loan portfolio from FDIC at 15% discount, hires 30 venture bankers

Customers Bancorp, Inc.

Acquired $631M venture banking loan portfolio from FDIC at ~85% of book value (15% discount).
Recruited 30 team members from the originating group to service venture-backed growth companies.
New venture banking coverage in Austin, Bay Area, Boston, Southern California, Chicago, Denver, Raleigh/Durham, D.C.
Portfolio will be combined with existing Technology & Venture Capital Banking and Fund Finance groups.
Additional details to be provided on Q2 earnings call.

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