Customers Bank Expands Senior Leadership Team, Names Andrew Bowman to Office of the Chair

WYOMISSING, Pa.--(BUSINESS WIRE)--Customers Bank announced it elevated Andrew Bowman, to Senior Executive Vice President and a member of the Office of the Chair. In January, he was named Chief Credit Officer, a role he continues to hold. Bowman will rely on his vast front-end and back-end credit experience, as well as his experience helping clients navigate complex economic uncertainty to share his perspective with the bank’s highest level of management.

As a member of the Office of the Chair, Bowman will expand his responsibilities to work directly with the bank’s leaders, including Jay Sidhu, Chairman; Richard Ehst, President and Chief Executive Officer; and others to guide Customers Bank’s short- and long-term credit strategies. Prior to January, Bowman served as Customers Bank’s deputy chief credit officer and has more than 30 years of credit industry experience spanning large and small banks, as well as in non-traditional credit markets.

“Andrew has proven to be a valuable asset and trusted advisor to our clients and the executive team,” stated Jay Sidhu. “I look forward to working more closely with Andrew in the future. His extensive market knowledge and broad credit experience will continue to be key differentiators that help us provide clients with the financial tools and resources they need to re-establish operations as the economy continues to reopen.”

Bowman leads a team of more than 50 experienced financial professionals involved in credit underwriting, loan work-out, collections, appraisals, environment orders and reviews. He also serves as the chairperson for the bank’s various loan committees and is a member of the bank’s ALCO, Allowance for Loan Loss, Enterprise Risk Management and Executive Management Committees.

Previously, Bowman served as the senior vice president and director of special loans at VIST Financial. He has also held various management and credit roles of increasing responsibility at Penske Truck Leasing and Wachovia Bank. During his career, Bowman has managed commercial loan portfolios ranging in value up to approximately $1 billion during some of the most turbulent market conditions with sensitivity to clients’ needs and changing economic pressures.

Bowman earned a Bachelor of Science in Finance with a minor in Economics from Susquehanna University. Later, he earned an MBA in Finance and International Business from St. Joseph University.

To learn more about Customers Bank and its products and services, please visit www.customersbank.com.

About Customers Bank

Customers Bank, a subsidiary of Customers Bancorp, Inc. a bank holding company, is a full-service super-community bank with assets of approximately $12 billion at March 31, 2019. A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender that provides a range of banking and lending services to small and medium-sized businesses, professionals, individuals and families. Services and products are available wherever permitted by law through mobile-first apps, online portals, and a network of offices and branches. Customers Bancorp, Inc.’s voting common shares are listed on the New York Stock Exchange under the symbol CUBI. Additional information can be found on the company’s website, www.customersbank.com.