<SEC-DOCUMENT>0000950159-19-000187.txt : 20191025
<SEC-HEADER>0000950159-19-000187.hdr.sgml : 20191025
<ACCEPTANCE-DATETIME>20191025155957
ACCESSION NUMBER:		0000950159-19-000187
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20191020
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20191025
DATE AS OF CHANGE:		20191025

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Customers Bancorp, Inc.
		CENTRAL INDEX KEY:			0001488813
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				272290659
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35542
		FILM NUMBER:		191169809

	BUSINESS ADDRESS:	
		STREET 1:		1015 PENN AVENUE
		STREET 2:		SUITE 103
		CITY:			WYOMISSING
		STATE:			PA
		ZIP:			19610
		BUSINESS PHONE:		484-359-7113

	MAIL ADDRESS:	
		STREET 1:		1015 PENN AVENUE
		STREET 2:		SUITE 103
		CITY:			WYOMISSING
		STATE:			PA
		ZIP:			19610

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Customers 1st Bancorp, Inc.
		DATE OF NAME CHANGE:	20100408
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>customers8k.htm
<DESCRIPTION>CUSTOMERS FORM 8-K
<TEXT>
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<HEAD>
     <TITLE></TITLE>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>__________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM <FONT ID="xdx_902_edei--DocumentType_c20191023__20191023_zhHgYigbQBs2">8-K</FONT></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>__________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Section 13 or 15(d) </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>of the</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Date of Report (date of earliest event reported):
<FONT ID="xdx_907_edei--DocumentPeriodEndDate_c20191023__20191023_zK8n9AyK4lRc">October 23, 2019</FONT></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>__________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><FONT ID="xdx_908_edei--EntityRegistrantName_c20191023__20191023_zVaY7pWXrz5i">CUSTOMERS BANCORP, INC.</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Exact name of registrant as specified in
its charter)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>__________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 12pt"><B><FONT ID="xdx_909_edei--EntityIncorporationStateCountryCode_c20191023__20191023_zdxoOR2yvEY7">Pennsylvania</FONT></B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 12pt"><B><FONT ID="xdx_904_edei--EntityFileNumber_c20191023__20191023_zSlQOhxYaNS1">001-35542</FONT></B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 12pt"><B><FONT ID="xdx_90D_edei--EntityTaxIdentificationNumber_c20191023__20191023_ziqAnz2OjRj8">27-2290659</FONT></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(State or other jurisdiction</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">of incorporation)</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Commission File Number)</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(IRS Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Identification No.)</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><FONT ID="xdx_90D_edei--EntityAddressPostalZipCode_c20191023__20191023_zdsRGLedEHkf"><FONT ID="xdx_904_edei--EntityAddressAddressLine2_c20191023__20191023_zUDoFqJPzlJ9">1015 Penn Avenue</FONT></FONT></B></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><FONT ID="xdx_901_edei--EntityAddressAddressLine3_c20191023__20191023_zytx4l2jj93f">Suite 103</FONT></B></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><FONT ID="xdx_907_edei--EntityAddressCityOrTown_c20191023__20191023_zNN3hmlhf3dh">Wyomissing</FONT>, <FONT ID="xdx_909_edei--EntityAddressAddressLine1_c20191023__20191023_ztO3x4nda1O6"><FONT ID="xdx_90C_edei--EntityAddressStateOrProvince_c20191023__20191023_zcoZZZ8Q0Vfl">PA</FONT> <FONT ID="xdx_90B_edei--EntityAddressPostalZipCode_c20191023__20191023_zsiR48tOpxH2">19610</FONT></FONT></B></P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Address of principal executive offices, including zip code)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 12pt"><B><FONT ID="xdx_902_edei--CityAreaCode_c20191023__20191023_zFw6T8EGoLy4">(610)</FONT> <FONT ID="xdx_906_edei--LocalPhoneNumber_c20191023__20191023_zqNI0KuB4q25">933-2000</FONT></B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Registrant's telephone number, including area code)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 12pt"><B><FONT ID="xdx_90C_edei--EntityInformationFormerLegalOrRegisteredName_c20191023__20191023_zXKcpT66s9Cl">Not Applicable</FONT></B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Former name or former address, if changed since last report)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 20%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 36%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 21%">&nbsp;</TD></TR>
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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 0.75pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9.9pt 0 0">Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General
Instructions A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%"><FONT STYLE="font-family: Wingdings"><FONT ID="xdx_906_edei--WrittenCommunications_c20191023__20191023_zwf098ayT7ug">&#168;</FONT></FONT></TD>
    <TD STYLE="width: 96%">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%"><FONT STYLE="font-family: Wingdings"><FONT ID="xdx_90F_edei--SolicitingMaterial_c20191023__20191023_zukRG2snMFXa">&#168;</FONT></FONT></TD>
    <TD STYLE="width: 96%">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%"><FONT STYLE="font-family: Wingdings"><FONT ID="xdx_904_edei--PreCommencementTenderOffer_c20191023__20191023_ziTI3PqsfD82">&#168;</FONT></FONT></TD>
    <TD STYLE="width: 96%">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%"><FONT STYLE="font-family: Wingdings"><FONT ID="xdx_906_edei--PreCommencementIssuerTenderOffer_c20191023__20191023_zeTKnhODIVW5">&#168;</FONT></FONT></TD>
    <TD STYLE="width: 96%">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Securities registered pursuant to Section&nbsp;12(b) of the Act:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 42%; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="width: 19%; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="width: 39%; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-size: 9pt"><B><U>Title of each class</U></B></FONT></TD>
    <TD STYLE="padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-size: 9pt"><B><U>Trading Symbol(s)</U></B></FONT></TD>
    <TD STYLE="padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-size: 9pt"><B><U>Name of each exchange on which registered</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.45pt 5.75pt"><FONT STYLE="font-size: 9pt"><FONT ID="xdx_905_edei--Security12bTitle_c20191023__20191023__us-gaap--StatementClassOfStockAxis__custom--VotingCommonStockParValue1.00PerShareMember_zdLfg5WdwkK9">Voting Common Stock, par value $1.00 per share</FONT></FONT></TD>
    <TD STYLE="padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-size: 9pt"><FONT ID="xdx_907_edei--TradingSymbol_c20191023__20191023__us-gaap--StatementClassOfStockAxis__custom--VotingCommonStockParValue1.00PerShareMember_zv8gBjGCpaTf">CUBI</FONT></FONT></TD>
    <TD STYLE="padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-size: 9pt"><FONT ID="xdx_904_edei--SecurityExchangeName_c20191023__20191023__us-gaap--StatementClassOfStockAxis__custom--VotingCommonStockParValue1.00PerShareMember_zSmGrHbbSLVj">New York Stock Exchange</FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.45pt 5.75pt"><FONT STYLE="font-size: 9pt"><FONT ID="xdx_90A_edei--Security12bTitle_c20191023__20191023__us-gaap--StatementClassOfStockAxis__custom--FixedtofloatingRateNoncumulativePerpetualPreferredStockSeriesCParValue1.00PerShareMember_zhyCMZpOSDtb">Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C, par value $1.00 per share</FONT></FONT></TD>
    <TD STYLE="padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-size: 9pt"><FONT ID="xdx_909_edei--TradingSymbol_c20191023__20191023__us-gaap--StatementClassOfStockAxis__custom--FixedtofloatingRateNoncumulativePerpetualPreferredStockSeriesCParValue1.00PerShareMember_zUtUurefhID">CUBI/PC</FONT></FONT></TD>
    <TD STYLE="padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-size: 9pt"><FONT ID="xdx_90D_edei--SecurityExchangeName_c20191023__20191023__us-gaap--StatementClassOfStockAxis__custom--FixedtofloatingRateNoncumulativePerpetualPreferredStockSeriesCParValue1.00PerShareMember_zHDzj0u9vmjf">New York Stock Exchange</FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.45pt 5.75pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT ID="xdx_90B_edei--Security12bTitle_c20191023__20191023__us-gaap--StatementClassOfStockAxis__custom--FixedtofloatingRateNoncumulativePerpetualMember_z4bnZAC4udf6">Fixed-to-Floating Rate Non-Cumulative Perpetual</FONT></P>
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">Preferred Stock, Series D, par value $1.00 per share</P></TD>
    <TD STYLE="padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-size: 9pt"><FONT ID="xdx_905_edei--TradingSymbol_c20191023__20191023__us-gaap--StatementClassOfStockAxis__custom--FixedtofloatingRateNoncumulativePerpetualMember_zhbRzC6IR1M">CUBI/PD</FONT></FONT></TD>
    <TD STYLE="padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-size: 9pt"><FONT ID="xdx_90B_edei--SecurityExchangeName_c20191023__20191023__us-gaap--StatementClassOfStockAxis__custom--FixedtofloatingRateNoncumulativePerpetualMember_ztgqsSoNcKA2">New York Stock Exchange</FONT></FONT></TD></TR>
</TABLE>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 42%; padding: 1.45pt 5.75pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">Fixed-to-Floating Rate Non-Cumulative Perpetual</P>
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">Preferred Stock, Series E, par value $1.00 per share</P></TD>
    <TD STYLE="width: 19%; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-size: 9pt">CUBI/PE</FONT></TD>
    <TD STYLE="width: 39%; padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-size: 9pt">New York Stock Exchange</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.45pt 5.75pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">Fixed-to-Floating Rate Non-Cumulative Perpetual</P>
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">Preferred Stock, Series F, par value $1.00 per share</P></TD>
    <TD STYLE="padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-size: 9pt">CUBI/PF</FONT></TD>
    <TD STYLE="padding: 1.45pt 5.75pt; text-align: center"><FONT STYLE="font-size: 9pt">New York Stock Exchange</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 16.75pt 10.35pt 0">Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 0 5.25pt 4.5in">Emerging growth company <FONT STYLE="font-family: Wingdings"><FONT ID="xdx_906_edei--EntityEmergingGrowthCompany_c20191023__20191023_zwm5U3fwezT5">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; vertical-align: top"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR STYLE="clear: both">
</FONT><B>Item 5.02</B></P></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="width: 86%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; vertical-align: top"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On October 23, 2019, Customers Bancorp, Inc. (the &ldquo;Company&rdquo;)
and Carla Leibold, the Company&rsquo;s Executive Vice President, Chief Financial Officer and Treasurer, entered into an Employment
Agreement (the &ldquo;Leibold Employment Agreement&rdquo;). The term of the Leibold Employment Agreement is two years, which is
extended annually unless Ms. Leibold or the Company provide notice to the contrary. Pursuant to the Leibold Employment Agreement,
Ms. Leibold will receive a minimum base salary, plus incentive compensation in cash or equity or both and in such amounts as determined
by the Company&rsquo;s Board of Directors in accordance with incentive programs developed for her.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Ms. Leibold will be entitled to severance compensation under the
agreement if she terminates her employment for &quot;Good Reason&quot; (as defined in the Leibold Employment Agreement), if her
employment is terminated by the Company other than for &quot;Cause&quot; (as defined in the Leibold Employment Agreement) during
the employment term or on expiration of the employment term.&nbsp;If a &quot;Change in Control&quot; (as defined in the Leibold
Employment Agreement) has not occurred within twelve months before termination of employment, then:&nbsp;(1) she will receive the
sum of her then current base salary plus the highest of her last three years' annual performance bonuses, for the greater of (a)
two years or (b)&nbsp;the period of time remaining in her employment term, generally payable in equal installments on her normal
pay dates, subject to normal tax deductions and withholding; (2)&nbsp;any unvested equity awards she has received will vest in
full; (3)&nbsp;she will be entitled to an allocable fraction of any annual performance bonus that would have been payable to her
for the current year had she remained employed through the date of payment; and (4)&nbsp; the Company shall continue to provide
health insurance (including dental if applicable) and any life or disability insurance benefits (&ldquo;health benefits&rdquo;)
for the shorter of the period on which her cash severance compensation is measured or the maximum period then permitted to extend
her benefit under the applicable plan or policy or applicable law.&nbsp; If a Change in Control shall have occurred within twelve
months before termination of her employment, then:&nbsp;(1) she will receive cash equal to three times the sum of her then current
base salary plus the highest of her annual performance bonuses for the immediately preceding three years, payable in a lump sum;
(2)&nbsp;any unvested equity awards she has received will vest in full; (3)&nbsp;she will be entitled to an allocable fraction
of any annual performance bonus that would have been payable to her for the current year had she remained employed through the
date of payment; and (4)&nbsp;the Company shall continue to provide health benefits for the longer of three years or the maximum
period the Company is then permitted to extend her benefit under the applicable plan or policy or applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">To the extent that the payments made pursuant to the Leibold Employment
Agreement, when aggregated with all other payments made to Ms. Leibold by the Company, will be deemed an &quot;excess parachute
payment&quot; in accordance with Section 280G of the Internal Revenue Code of 1986, as amended, and be subject to the excise tax
provided under Section 4999 thereof, all sums payable under the Leibold Employment Agreement will be reduced in such manner and
to such extent so that no &quot;excess parachute payment&quot; shall be made.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The foregoing summary description of the Leibold Employment Agreement
is qualified in its entirety by the terms of the Leibold Employment Agreement, a copy of which is filed as Exhibit 10.1 to this
Current Report on Form 8-K and are incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR STYLE="clear: both">
</FONT><B>Item 9.01</B></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 86%; padding-right: 5.4pt; padding-left: 5.4pt"><B>Financial Statements and Exhibits.</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.4pt 0 0">(d) Exhibits.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="width: 90%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>
<DIV STYLE="padding: 0in; border-bottom: Black 0.75pt solid">

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Exhibit</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>No.</B></P>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.75pt solid"><B>Description</B></P></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 8.8pt; text-align: center; text-indent: -8.8pt"><A HREF="ex10-1.htm" STYLE="-sec-extract: exhibit">10.1</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Employment Agreement, dated as of October 23, 2019, by and between
        Customers Bancorp, Inc. and Carla Leibold.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 8.8pt; text-align: center; text-indent: -8.8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements
of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>CUSTOMERS BANCORP, INC.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">By: <U>/s/ Carla A. Leibold&#9;</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Name: Carla A. Leibold</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Title: Executive Vice President - Chief Financial Officer and Treasurer</P></TD></TR>
</TABLE><BR STYLE="clear: both">
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9.9pt 0 0">Date:&#9;October 25, 2019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9.9pt 0 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.4pt 0 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="width: 90%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>
<DIV STYLE="padding: 0in; border-bottom: Black 0.75pt solid">

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Exhibit</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>No.</B></P>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.75pt solid"><B>Description</B></P></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 8.8pt; text-align: center; text-indent: -8.8pt"><A HREF="ex10-1.htm">10.1</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Employment Agreement, dated as of October 23, 2019, by and between
        Customers Bancorp, Inc. and Carla Leibold.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 8.8pt; text-align: center; text-indent: -8.8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.4pt 0 0">&nbsp;</P>



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<P STYLE="margin: 0"></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center">EMPLOYMENT
AGREEMENT</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>THIS AGREEMENT</B>,
made as of October 23, 2019 (&#8220;Effective Date&#8221;), is by and between CUSTOMERS BANCORP, INC., a Pennsylvania corporation,
with its main office located at 1015 Penn Avenue, Wyomissing, PA 19610 (&#8220;Company&#8221;) and Carla Leibold (&#8220;Executive&#8221;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><B><U>Background</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">A.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Company wishes to secure the continued services of Executive as the Company&#8217;s Chief Financial Officer on the terms
and conditions set forth herein.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">B.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Subject to the terms and conditions hereinafter, Executive is willing to enter into this Employment Agreement (this &#8220;Agreement&#8221;)
upon the terms and conditions set forth.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">C.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company&#8217;s Board of Directors has approved this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>,
in consideration of the mutual promises and agreements set forth herein, the parties agree as follows:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Employment.</U></B> Company agrees to employ Executive as its Chief Financial Officer during the &#8220;Term&#8221;
defined in Section 2 of this Agreement. Executive shall report to and be subject to the direction of the Chief Executive Officer
and Board of Directors of the Company. Executive shall have the powers and authority ordinarily given to the position described
above as provided under the Bylaws of the Company. Executive will have such duties as normally apply to such position. Executive
shall devote all of her working time, abilities and attention to the business of the Company, and will fulfill all of the duties
required of her as Chief Financial Officer. The services of Executive shall be rendered principally in Wyomissing, PA, but Executive
shall undertake such traveling on behalf of Company as may be reasonably required.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Term of Employment</U>.</B> Subject to the terms and conditions of this Agreement, the initial term of employment
hereunder shall be for the two (2)-year period commencing on the Effective Date and ending on the day preceding the two (2)-year
anniversary of the Effective Date. As of each one (1)-year anniversary of the Effective Date, the term of employment hereunder
shall be extended for another one (1) year, automatically, unless either party delivers notice to the contrary to the other party
at least sixty (60) days prior to such one (1)-year anniversary, in which case the term of employment hereunder shall expire as
of the date to which it was last extended pursuant to this sentence. Such notice shall be delivered in a manner consistent with
the requirements of Section 12. References in this Agreement to the &#8220;Term&#8221; shall refer both to such initial term and
any successive terms.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Compensation</U>.</B> In consideration of the services to be rendered by Executive, Company shall pay to Executive
during the initial Term:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>A base salary of not less than four hundred thousand dollars ($400,000) per annum for each year of the Term, payable in
equal installments over such payroll cycles as the Company pays its executive officers generally, with any salary for initial or
final partial months or other payroll periods being prorated based on the number of calendar days in question. It is understood
that the Board of Directors of the Company shall review Executive&#8217;s</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">performance and make a determination
regarding increases in her salary at least once in every calendar year during the Term.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Incentive Compensation in an amount, in such form, and at such time as is provided in such executive incentive plan for
Executive, either alone or for Executive and other officers and management employees of the Company, as shall be approved by the
Board of Directors of the Company and in effect from time to time. Such incentive compensation may take the form of cash payments
(&#8220;Cash Bonus&#8221;), transfers of stock, stock appreciation awards, restricted stock units or stock options (collectively,
&#8220;Equity Awards&#8221;). Equity Awards shall be subject to such restrictions, vesting and other conditions and limitations
as set forth in such executive incentive plan.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Reimbursement of Expenses.</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">4.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B>Reimbursement of Expenses.</B> During the Term, Company shall reimburse Executive for reasonable expenses incurred by
her in the performance of her duties, as well as those incurred in furtherance of or in connection with the business of Company,
including but not limited to traveling, entertainment, dining and other expenses.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Termination of Employment.</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">5.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B>Termination by Company; &#8220;Cause.&#8221;</B> Company shall have the right to terminate Executive&#8217;s employment
hereunder at any time, with or without &#8220;Cause&#8221; (as defined below). In the event of any termination by Company, Company
shall give Executive forty-five (45) days prior notice of any termination without Cause, but shall not be obligated to give Executive
prior notice of a termination with Cause. Company shall nevertheless be obligated to pay Executive such compensation and severance,
if any, as may be provided for in this Agreement under the applicable circumstances. Company will give Executive notice of termination
of her employment pursuant to a &#8220;Notice of Termination&#8221; (as defined below).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">5.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B>No Right to Compensation or Benefits Except as Stated.</B> If the Company terminates Executive&#8217;s employment for
Cause, Executive shall have no right to severance compensation of any kind, or any right to salary or other benefits for any period
after such date of termination. If Executive is terminated by Company other than for Cause, Executive&#8217;s rights to compensation
and benefits under this Agreement shall be as set forth in Section 5.5.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">5.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B>Termination by Executive.</B> Executive shall have the right to terminate her employment, whether or not for &#8220;Good
Reason&#8221; (as hereinafter defined), but, in all events, Executive shall give Company notice pursuant to a written &#8220;Notice
of Termination&#8221; (as defined below). If the termination by Executive is other than for Good Reason: (i) Executive must give
Company a Notice of Termination not less than forty five (45) days prior to the date her termination of employment will be effective,
and (ii) Executive shall have no right to severance compensation of any kind, or any right to salary or other benefits for any
period after such date of termination. If termination is by Executive for Good Reason, Executive&#8217;s rights to compensation
and benefits under this Agreement shall be as set forth in Section 5.5.</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">5.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B>Certain Definitions.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In connection with a termination of Executive&#8217;s employment by the Company, &#8220;Cause&#8221; shall mean any one
or more of the following reasons: (l) the willful material failure by the Executive to perform the duties required of her hereunder
(other than any such failure resulting from incapacity due to physical or mental illness of the Executive or material changes in
the direction and policies of the Board of Directors of Company), if such failure continues for fifteen (15) days after a written
demand for substantial performance is delivered to the Executive by the Company which specifically identifies the manner in which
it is believed that the Executive has failed to attempt to perform her duties hereunder; (2) the willful engaging by the Executive
in willful misconduct materially injurious to the Company; (3) receipt by the Company of a notice (which shall not have been appealed
by Executive or shall have become final and non-appealable) of any governmental body or entity having jurisdiction over the Company
requiring termination or removal of the Executive from her then present position, or receipt of a written directive or order of
any governmental body or entity having jurisdiction over the Company (which shall not have been appealed by Executive or shall
have become final and non-appealable) requiring termination or removal of the Executive from her then present position; (4) personal
dishonesty, incompetence, willful misconduct, willful breach of fiduciary duty involving personal profit or conviction of a felony;
or (5) material breach of any provision set forth in Sections 6, 7, 8 or 9, to the extent applicable. For purposes of this section,
no act, or failure to act, on the Executive&#8217;s part shall be considered &#8216;&#8216;willful&#8217;&#8217; unless done or
omitted to be done by Executive in bad faith and without reasonable belief that her action or omission was in the best interest
of Company. Any act or omission to act by the Executive in reliance upon a written opinion of counsel to Company shall not be deemed
to be willful.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Good Reason</U>. For purposes of this Agreement, &#8220;Good Reason&#8221; shall mean (1) a material breach by Company
of the provisions of this Agreement, which failure has not been cured within 30 days after a written notice of such noncompliance
has been given by Executive to Company; (2) any purported termination of Executive&#8217;s employment which is not effected in
compliance with the requirements of this Agreement; (3) any reduction in title or a material adverse change in Executive&#8217;s
responsibilities or authority which are inconsistent with, or the assignment to Executive of duties inconsistent with, Executive&#8217;s
status as Chief Financial Officer of Company; or (4) any reduction in Executive&#8217;s annual base salary as in effect on the
date hereof or as the same may be increased from time to time.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Notice of Termination</U>. Any termination of Executive&#8217;s employment by Company or by Executive shall be communicated
by written Notice of Termination to the other party hereto. For purposes of this Agreement, a &#8220;Notice of Termination&#8221;
shall mean a dated notice which shall (1) indicate the specific termination provision in this Agreement relied upon; (2) set forth
in reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive&#8217;s employment under
the provision so indicated; and (3) be given in a manner consistent with the requirements of Section 12.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">5.5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B>Compensation Upon Certain Types of Termination.</B> If Executive shall terminate her employment for Good Reason during
the Term, or if Executive&#8217;s Employment is terminated by the Company other than for Cause during the Term, or if Executive&#8217;s
Employment is terminated for any reason other than Cause upon expiration of the Term, then in lieu of any</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">salary or damages payments to Executive
for periods subsequent to the date of termination, Company shall pay as &#8220;Severance Compensation&#8221; to Executive, in lieu
of all other damages, compensation and benefits other than any benefits the right to which shall have previously vested, an amount
(the &#8220;Severance Compensation&#8221;) equal to the following, depending upon whether a &#8220;Change in Control&#8221; (as
defined below) shall have occurred at the time of termination of employment:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If a Change in Control shall not have occurred within twelve (12) months prior to the date of termination of Executive&#8217;s
employment with the Company, the Company shall pay Executive the following Severance Compensation, payable at the respective times
and on the respective conditions set forth in this subsection for each type of Severance Compensation:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 2in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Cash Severance Compensation</U>. Notwithstanding anything to the contrary elsewhere in this Agreement, Executive shall
be entitled to receive a dollar amount equal to the sum of Executive&#8217;s then current base salary plus the average of the annual
performance bonus (consisting of both cash and other incentive compensation, but excluding the Company match of any deferred compensation)
provided to her with respect to the three (3) fiscal years of the Company immediately preceding the fiscal year of termination,
for the greater of two (2) years or the period of time remaining in the Term. This element of Severance Compensation shall be payable
in equal installments on the normal pay dates following Executive&#8217;s separation from service with the Company within the meaning
of Section 409A of the Internal Revenue Code of 1986, as amended (the &#8220;Code&#8221;), and the Treasury Regulations promulgated
thereunder (such Section and regulations are sometimes referred to in this Agreement as &#8220;Section 409A&#8221;). If, as of
the date of the Executive&#8217;s separation from service, stock of the Company or a holding company or other parent entity with
respect to the Company is publicly traded on an established securities market or otherwise, and if necessary to comply with Section
409A, payments otherwise due during the six (6)-month period following her separation from service shall be suspended and paid
in a lump sum upon completion of such six (6)-month period, at which time the balance of the payments shall commence in installments
as described in the preceding sentence. Payments shall be subject to deduction for such tax withholdings as Company may be obligated
to make;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 2in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Equity Awards</U>. All Equity Awards shall be vested in full;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 2in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Cash Bonus</U>. Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within
which Executive&#8217;s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would
have been payable to Executive had she remained employed through the date of payment, the numerator of which is the number of days
of such fiscal year prior to her termination of employment and the denominator of which is three hundred and sixty-five (365);
and</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 2in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Insurance</U>. Company shall continue to provide health insurance (including dental if applicable) and any life insurance
benefits for the shorter of (i) the length of the severance measurement period set forth in Section 5.5(a)(i) above, or (ii) the
maximum period the Company is then permitted to extend each individual benefit under the applicable plan or policy or applicable
law.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If a Change in Control shall have occurred within twelve (12) months prior to the date of termination of Executive&#8217;s
employment with the Company, the Company shall pay Executive Severance Compensation equal to three hundred percent (300%) of the
sum of Executive&#8217;s then current base salary plus the average of the annual performance bonus (consisting of both cash and
other incentive compensation, but excluding the Company match of any deferred compensation) provided to her with respect to the
three (3) fiscal years of the Company immediately preceding the fiscal year of termination. The Severance Compensation shall be
payable in a single lump sum within thirty (30) days following Executive&#8217;s separation from service within the meaning of
Section 409A. If, as of the date of the Executive&#8217;s separation from service, stock of the Company or a holding company or
other parent entity with respect to the Company is publicly traded on an established securities market or otherwise, and if necessary
to comply with Section 409A, payment of the lump sum shall be suspended and paid within the thirty (30)-day period following the
close of the six (6)-month period following her separation from service. Payments shall be subject to deduction for such tax withholdings
as Company may be obligated to make. In addition to the aforesaid Executive Severance Compensation, additional Executive Severance
Compensation shall be provided as set forth below.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 2in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Equity Awards</U>. All Equity Awards shall be vested in full;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 2in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Cash Bonus</U>. Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within
which Executive&#8217;s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would
have been payable to Executive had she remained employed through the date of payment, the numerator of which is the number of days
of such fiscal year prior to her termination of employment and the denominator of which is three hundred and sixty-five (365);</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 2in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Insurance</U>. Company shall continue to provide health insurance (including dental if applicable) and any life insurance
benefits for the shorter of (i) the length of the severance measurement period set forth in above in this Section 5.5(b), or (ii)
the maximum period the Company is then permitted to extend each individual benefit under the applicable plan or policy or applicable
law; and</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 2in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Golden Parachute Limitation</U>. Notwithstanding any provision of this Agreement to the contrary, if, as a result of
a payment provided for under or pursuant to this Agreement, together with all other payments in the nature of compensation provided
to or for the benefit of the Executive under any other plans or agreements in connection with a Change in Control, the Executive
becomes subject to excise taxes under Section 4999 of the Code, then the amount of severance to be paid pursuant to this Agreement
shall be reduced to the maximum amount allowable without causing Executive to become subject to such excise taxes. Such maximum
amount shall be determined by a registered public accounting firm selected by the Compensation Committee of the Board of Directors
of the Company, whose determination, absent</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">manifest error, shall be treated as
conclusive and binding.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>For purposes of this Agreement, &#8220;Change in Control&#8221; means the occurrence of any one or more of the following
events:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 2in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>There occurs a merger, consolidation or other business combination or reorganization to which the Company is a party, whether
or not approved in advance by the Board of Directors of the Company, in which (A) the members of the Board of Directors of the
Company immediately preceding the consummation of such transaction do not constitute a majority of the members of the Board of
Directors of the resulting corporation and of any parent corporation thereof immediately after the consummation of such transaction,
and (B) the shareholders of the Company immediately before such transaction do not hold more than fifty percent (50%) of the voting
power of securities of the resulting corporation;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 2in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>There occurs a sale, exchange, transfer, or other disposition of substantially all of the assets of the Company to another
entity, whether or not approved in advance by the Board of Directors of the Company (for purpose of this Agreement, a sale of more
than one-half of the branches of Customers Bank, a wholly owned subsidiary of the Company, would constitute a Change in Control,
but for purposes of this section, no branches or assets will be deemed to have been sold if they are leased back contemporaneously
with or promptly after their sale);</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 2in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>A plan of liquidation or dissolution is adopted for the Company; or</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 2in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Any individual, firm, corporation, partnership or other entity (&#8220;Person&#8221;) (except Company, any subsidiary of
Company, any employee benefit plan of Company, any Person or entity organized, appointed or established by Company or any subsidiary
of Company for or pursuant to the terms of any such employee benefit plan), together with all Affiliates and Associates of such
Person is or shall become the &#8220;beneficial owner&#8221; (as defined in Rule 13d-3 under the Securities Exchange Act of 1934
(the &#8220;Exchange Act&#8221;) of securities of the Company representing 50% or more of the combined voting power of the Company&#8217;s
then outstanding securities. For purposes of this subsection, &#8220;Affiliate&#8221; and &#8220;Associate&#8221; shall have the
respective meanings ascribed to such terms in Rule 12b-2 of the General Rules and Regulations issued under the Exchange Act.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In the event that the Executive&#8217;s employment is terminated during the Term as a result of her death or disability,
she (or her estate, as the case may be) shall not be entitled to any payments or other benefits pursuant to this Section 5.5 or
otherwise.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">5.6<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B>Release</B>. The Company&#8217;s obligation to pay Severance Compensation under Section 5.5 hereof is expressly conditioned
upon Executive&#8217;s execution of and delivery to the Company (and non-revocation) of a release (as drafted at the time of Executive&#8217;s
termination of employment, and which will include, but not be limited to: (a) an unconditional release of all rights to any claims,
charges, complaints, grievances, known or unknown to Executive, against the Company, its affiliates or assigns, or any of their
officers, directors, employees and agents, through to the date of Executive&#8217;s termination from employment, and (b) a representation
and warranty</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">that Executive has not filed or assigned
any claims, charges, complaints, or grievances against the Company, its affiliates or assigns, or any of their officers, directors,
employees and agents.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">5.7<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B>Mitigation by Executive.</B> Executive shall not be required to mitigate the amount of any payment provided for in Section
5.5 by seeking other employment or otherwise.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Non-Disclosure</U>. </B>The Executive covenants and agrees that Executive will not at any time, either during the
Term or thereafter, use, disclose or make accessible to any other person, firm, partnership, corporation or any other entity any
Confidential and Proprietary Information (as defined herein), other than to (a) Executive&#8217;s attorney or spouse in confidence,
(b) while employed by the Company, in the business and for the benefit of the Company, or (c) when required to do so by a court
of competent jurisdiction, any government agency having supervisory authority over the business of the Executive or the Company
or any administrative body or legislative body, including a committee thereof, with jurisdiction.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">For purposes of
this Agreement, &#8220;Confidential and Proprietary Information&#8221; shall mean non-public, confidential, and proprietary information
provided to the Executive concerning, without limitation, the Company&#8217;s financial condition and/or results of operations,
statistical data, products, ideas and concepts, strategic business plans, lists of customers or customer information, information
relating to marketing plans, management development reviews, including information regarding the capabilities and experience of
the Company&#8217;s employees, compensation, recruiting and training, and human resource policies and procedures, policy and procedure
manuals, together with all materials and documents in any form or medium (including oral, written, tangible, intangible, or electronic)
concerning any of the above, and other non-public, proprietary and confidential information of the Company; provided, however,
that Confidential and Proprietary Information shall not include any information that is known generally to the public or within
the industry other than as a result of unauthorized disclosure by the Executive. It is specifically understood and agreed by the
Executive that any non-public information received by the Executive during Executive&#8217;s employment by the Company is deemed
Confidential and Proprietary Information for purposes of this Agreement. In the event the Executive&#8217;s employment is terminated
for any reason, the Executive shall immediately return to the Company upon request all Confidential and Proprietary Information
in Executive&#8217;s possession or control.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Non-Solicitation</U>. </B>Executive agrees that during the Term and for a period of twelve (12) months thereafter,
unless the Executive obtains the Company&#8217;s prior written permission, which may be granted or denied at the Company&#8217;s
sole and absolute discretion, the Executive shall not:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>solicit or divert to any competitor of the Company or, upon termination of the Executive&#8217;s employment with the Company,
accept any business from any individual or entity that is a customer or a prospective customer of the Company, to the extent that
such prospective customer was identifiable as such prior to the date of the Executive&#8217;s termination, except that this covenant
of non-solicitation shall not apply with respect to anyone who, while having previously been a customer or prospect of the Company,
is no longer a customer or prospect of the Company at the time of the solicitation; and/or</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>induce or encourage any officer and/or employee of the Company</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">to leave the employ of the Company,
hire any individual who was an employee of the Company as of the date of the termination of the Executive&#8217;s, or induce or
encourage any customer, vendor, participant, agent or other business relation of the Company to cease or reduce doing business
with the Company or in any way interfere with the relationship between any such customer, vendor, participant, agent or other business
relation and the Company.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Noncompete Agreement</U>. </B>For a period of twelve (12) months after any resignation or termination of Executive&#8217;s
employment for any reason, Executive shall not, directly or indirectly, within 10 miles of any office of the Company, enter into
or engage directly or indirectly in competition with the Company or any subsidiary or other company under common control with the
Company, in any financial services business conducted by the Company or any such subsidiary at the time of such resignation or
termination, either as an individual on her own or as a partner or joint venturer, or as a director, officer, shareholder, employee,
agent, independent contractor, nor shall Executive assist any other person or entity in engaging directly or indirectly in such
competition.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">9.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Non-Disparagement</U>. </B>During the Term, after its expiration and following the termination of this Agreement by
the Company or the Executive for any reason, each party agrees not to make any statements, in writing or otherwise, that disparage
the reputation or character of the other party or, in the case of the Company, any subsidiaries or affiliates of the Company or
any of their respective managers, directors, officers, stockholders, partners, members or employees, at any time for any reason
whatsoever, except that nothing in this section shall prohibit any party from giving truthful testimony in any litigation or administrative
proceedings either between the Executive and the Company or in connection with which such party is subpoenaed and required by law
to give testimony, including without limitation, any action by the Executive to enforce Executive&#8217;s rights hereunder.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">10.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Severance Compensation Conditional; Remedies for Breach of Sections 6, 7, 8 and 9; Independence of Covenants; Notice
to Others; Savings Clause</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">10.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B>Severance Compensation Independent</B>. Company&#8217;s obligation to pay Severance Compensation is conditioned on Executive&#8217;s
compliance with Sections 6, 7, 8 and 9 of this Agreement and Company shall not be obligated to pay such Severance Compensation
in the event of any breach by Executive of such sections.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">10.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B>Remedies for Breach of Sections 6, 7, 8 and 9</B>. Executive and Company agree that the covenants in Sections 6, 7, 8
and 9 are reasonable covenants under the circumstances. Executive agrees that any breach of the covenants set forth in Sections
6, 7, 8 and 9 of this Agreement will irreparably harm the Company. The Executive and the Company agree that in the event of any
breach by the Executive of the provisions set forth in Sections 6, 7, 8 and 9 of this Agreement, the Company shall be entitled
to all rights and remedies available at law or in equity, including without limitation, the following cumulative and not alternative
rights:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the right to obtain injunctive or other equitable relief to restrain any breach or threatened breach or otherwise to specifically
enforce the provisions of this Agreement, it being agreed that monetary damages alone would be inadequate to compensate the Company,
the amount of such damages will be difficult (if not impossible) to prove precisely, and would be</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">an inadequate remedy for such breach;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the right to institute civil suit to recover damages suffered by the Company;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the right to recover actual reasonable attorneys&#8217; fees and other costs incurred by the Company in connection with
pursuing remedies hereunder; and</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the right to seek an equitable accounting of all earnings, profits and other benefits arising from any such violation.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">10.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B>Independence of Covenants.</B> The existence of any claim or cause of action of the Executive against the Company, whether
predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of the provisions of
Sections 6, 7, 8 and 9.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">10.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B>Notice to Others.</B> Executive agrees to notify any future prospective employers and future employers, and any future
joint venturers, partners and contracting parties of Executive, whose activities may be deemed to compete with Company of the existence
of each of the covenants contained in Sections 6, 7, 8 and 9 of this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">10.5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B>Savings Clause.</B> In the event that any provision or provisions of any of the covenants in Section 6, 7, 8 and 9 would
otherwise be determined by any court of competent jurisdiction to be unenforceable in whole or in part by reason of being for too
great a period of time or covering too great a geographical area or too broad a product market, or for any other reason, each such
covenant shall nevertheless remain in full force and effect and be construed so as to be enforceable as to that period of time
and geographical area and product market, and on such other conditions, as may be determined to be reasonable by the court.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">11.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Amendments</U>.</B> No amendments to this Agreement shall be binding unless in writing and signed by both parties.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">12.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Notices</U>.</B> All notices under this Agreement shall be in writing and shall be deemed effective (i) when delivered
in person or by fax or other electronic means capable of being embodied in written form, or (ii) forty-eight (48) hours after deposit
thereof in the U.S. mails by certified or registered mail, return receipt requested, postage prepaid, addressed, in the case of
Executive, to her last known address as carried on the personnel records of Company and, in the case of Company, to the corporate
headquarters, attention of the Chairman of the Board of Directors, or to such other address as the party to be notified may specify
by notice to the other party.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">13.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Entire Agreement</U>.</B> This Agreement is the entire agreement of the parties with respect to its subject matter
and supersedes and replaces all other negotiations, discussions and prior or contemporaneous agreements between the parties, whether
oral or written, with respect to the subject matter of Executive&#8217;s employment with Company. For avoidance of doubt, this
Agreement supersedes and replaces Executive&#8217;s Change of Control Agreement with the Company dated August 14, 2017.</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">14.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Binding Effect and Benefits</U>.</B> The rights and obligations of Company and Executive under this Agreement shall
inure to the benefit of and shall be binding upon the respective heirs, personal representatives, successors and assigns of Company
and Executive.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">15.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Construction</U>.</B> This Agreement shall be construed under the laws of the Commonwealth of Pennsylvania, as they
may be preempted by federal laws and regulations. Section headings are for convenience only and shall not be considered a part
of the terms and provisions of the Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">16.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Governing Law; Jurisdiction; Venue</U>.</B> The validity, interpretation, construction, performance and enforcement
of this Agreement shall be governed by the internal laws of the Commonwealth of Pennsylvania, without regard to its conflicts of
law rules, and by federal law to the extent it pre-empts state law. For purposes of any action or proceeding, the Executive irrevocably
submits to the exclusive jurisdiction of the courts of the Commonwealth Pennsylvania and the courts of the United States of America
located in Pennsylvania for the purpose of any judicial proceeding arising out of or relating to this Agreement or otherwise. The
Executive irrevocably agrees to service of process by certified mail, return receipt requested, to the Executive at the addressed
listed in the records of the Company. The proper venue for all such disputes, actions or proceedings shall be Chester County. The
parties agree that in any action or proceeds arising under this Agreement, attorneys&#8217; fees and costs shall be awarded to
the prevailing party.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">17.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Executive&#8217;s Acknowledgment of Terms and Right to Separate Counsel</U></B>. Executive acknowledges that she has
read this Agreement fully and carefully, understands its terms and that it has been entered into by Executive voluntarily. Executive
further acknowledges that Executive has had sufficient opportunity to consider this Agreement and discuss it with Executive&#8217;s
own advisors, including Executive&#8217;s attorney and accountants and that Executive has made Executive&#8217;s own free decision
whether and to what extent to do so.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">18.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Legal Expenses</U></B>. Company shall pay to Executive all reasonable legal fees and expenses incurred by her in seeking
to obtain or enforce any rights or benefits provided by this Agreement to the extent she prevails in such efforts.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">19.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Indemnification of Executive</U>.</B> Company shall indemnify Executive against any liability incurred in connection
with any proceeding in which the Executive may be involved as a party or otherwise by reason of the fact that Executive is or was
serving as Chief Financial Officer to the extent permitted by the Company&#8217;s articles of incorporation, bylaws and applicable
law. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the Company shall cause
its director and officer liability insurance to cover Executive during the Term and for such period thereafter as the Company&#8217;s
liability insurance policy permits coverage for actions or omissions of former directors or officers.</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF,
the parties hereto have caused the due execution of this Agreement as of the date first set forth above.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Attest:</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>/s/ Michael DeTommaso</U></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">CUSTOMERS BANCORP, INC.</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">By: <U>/s/ Jay S. Sidhu</U></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">For the Board of Directors</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Witness:</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>/s/ Alan Kidd</U></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">CARLA LEIBOLD</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>/s/ Carla Leibold</U></P></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<P STYLE="margin: 0">&nbsp;</P>

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