CUSTOMERS BANCP (CUBI) Upgraded by Zacks to NEUTRAL

Zacks Zacks Investment Research upgraded shares of CUSTOMERS BANCP (CUBI) from UNDERPERFORM to NEUTRAL on December 03, 2013, with a target price of $18.20.

Customers Bancorp is a bank holding company of Customers Bank, a state-chartered bank in Pennsylvania. It provides banking services to small and medium-sized businesses, professionals, individuals and families. The company offers depository products, commercial lending products, specialty lending products and consumer lending. In addition, the company offers other financial services, including Internet banking, wire transfers, electronic bill payment, lock box, remote deposit capture, courier services, merchant processing, cash vault, controlled disbursements, and positive pay services, as well as cash management services comprising account reconciliation, collections, and sweep accounts. The bank has its branches in Pennsylvania, New York and New Jersey. Customers Bancorp is headquartered in Wyomissing, Pennsylvania.

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