Wyomissing, Pa. – Customers Bank, a leading super-community bank with operations in Pennsylvania, District of Columbia, Illinois, New Jersey, New York and New England, is proud to announce that the Pennsylvania Housing Finance Agency (PHFA) has named the Bank as the top minority lender for the second year in row. PHFA ranked Customers Bank ninth out of more than 80 institutions in Pennsylvania in terms of overall volume of originated residential mortgages.
Customers Bank originated $26.5 million dollars in Community Reinvestment Act (CRA) qualified loans to 287 homebuyers through its programs in 2018, of which 138 loans for a total of $11.6 million where PHFA loans. PHFA also named Customers Bank’s Elsie Maduro, Vice President and CRA Mortgage Officer, as the top originator of loans to minority homebuyers in 2018. This marks the second year in a row that Maduro has received this coveted distinction.
“This is a tremendous honor for everyone at Customers Bank and wonderful recognition of our commitment to helping neighbors achieve their dreams of home ownership,” said Richard Ehst, President and Chief Operating Officer of Customers Bank. “We are equally excited that Elsie has been recognized by the PHFA for her commitment to making home ownership possible for everyone for a second year in a row.”
Customers Bank realizes that every real estate purchase has its own financial characteristics. The Bank offers many mortgage programs to assist everyone from first-time homebuyers to individuals and families looking to buy a dream beach house or mountain getaway.
The Pennsylvania Housing Finance Agency recognized Customers Bank and Elsie Maduro for their respective accomplishments at the PHFA’s Annual Lender Awards Luncheon in Harrisburg, PA.