We advised the underwriters in connection with the subordinated notes offering

Davis Polk advised the underwriters in connection with the $100 million SEC-registered offering by Customers Bancorp of $100 million aggregate principal amount of 6.875% subordinated notes due 2036.

Customers Bancorp is a bank holding company located in West Reading, Pennsylvania, engaged in banking and related businesses through its bank subsidiary, Customers Bank. Customers Bank is a community-based, full-service bank, and is a member of the Federal Reserve System, with deposits insured by the FDIC. Customers Bank has seven branches and provides commercial banking products, primarily loans and deposits.

The Davis Polk capital markets team included partner Pedro J. Bermeo and associates Xi (Brooke) Zheng and Eric Spiniello. The financial institutions team included counsel Suiwen Liang and associate Boaz B. Goldwater. The tax team included counsel Yixuan Long and associate Fred (Chen) Fu. All members of the Davis Polk team are based in the New York office.

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