Customers Bank opened a second Commercial Lending office in Philadelphia to address market growth and the needs of the city’s thriving businesses.
The expansion into Logan Square enables the bank to provide its expertise in commercial banking to a broader range of organizations and customers throughout the Philadelphia region, as well as more efficiently serve commercial, industrial and small business customers’ specialized needs.
The new office will offer loan production for commercial, industrial and real estate lending, leveraging the bank’s high-tech, high-touch, single-point-of-contact model.
“Economic conditions in Philadelphia have increased demand for a bank that is flexible and truly understands the local growth market for emerging and mid-sized companies,” said Jay Sidhu, chairman and CEO of Customers Bank. “At the same time, Philadelphia businesses have expressed a need for a bank that can grow with them, while giving them the highest quality of personalized service.”
“By opening an office in Logan Square, we are better positioned to leverage our network of local relationships to help our customers succeed across all areas of their businesses, while providing the products and personal, single-point-of-contact service that they need in order to achieve growth,” said Timothy D. Romig, executive vice president, managing director and market president – Pennsylvania and New Jersey. “We’re proud to belong to such a vibrant, dynamic community of business professionals, and we look forward to serving our Philadelphia customers for years to come.”
Customers Bank is a community-based, full-service bank that provides a range of banking services to small and medium-sized businesses, professionals, individuals and families through offices in Pennsylvania, District of Columbia, Illinois, New York, Rhode Island, Massachusetts, New Hampshire, and New Jersey. It has assets of approximately $11.1 billion at June 30, 2018.
A favorite question of the year-end issue is, “What lies ahead?” In the U.S., Canada, Latin America, Europe and China, expect continued industry growth that, in some cases, lacks the gusto of 2018. Trends to watch include the impact of... read more
Equipment finance and leasing industry observers know 2018 has been a good year for U.S. business. And the construction industry is no exception. But before taking a closer look at this important segment, it is crucial to understand its scope.... read more