Termination Agreement for At Market Issuance Sales Agreement between Customers Bancorp, Inc. and FBR Capital Markets & Co., MLV & Co. LLC, and Maxim Group LLC

Summary

Customers Bancorp, Inc. and the firms FBR Capital Markets & Co., MLV & Co. LLC, and Maxim Group LLC have mutually agreed to immediately terminate their At Market Issuance Sales Agreement dated December 23, 2015. This letter, signed by all parties, serves as a binding agreement confirming the termination. There are no additional conditions or obligations beyond the immediate termination of the prior agreement.

EX-10.20 7 cubi-12x31x2015xex1020.htm EX-10.20 Exhibit

Customers Bancorp, Inc.

1015 Penn Avenue, Suite 103

Wyomissing, PA 19610

January 20, 2016

FBR Capital Markets & Co.

300 North 17th Street, Suite 1400

North Arlington, Virginia 22209

MLV & Co. LLC

1301 Avenue of the Americas, 43^rd Floor

New York, New York 10019

Maxim Group LLC

405 Lexington Avenue

New York, New York 10174

Ladies and Gentlemen:

This will serve to confirm our discussions whereby we have mutually agreed to terminate, effective immediately, the At Market Issuance Sales Agreement dated December 23, 2015.

Please indicate your agreement by providing your signature below, whereupon this letter shall constitute a binding agreement between us.



		Very truly yours,

		CUSTOMERS BANCORP, INC.



	By:		/s/ Robert E. Wahlman
			Name: Robert Wahlman
			Title: CFO



		FBR CAPITAL MARKETS & CO.



	By:		/s/ Patrice McNicoll
			Name: Patrice McNicoll
			Title: Co-head of Capital Markets



		MLV & CO. LLC



	By:		/s/ Patrice McNicoll
			Name: Patrice McNicoll
			Title: CEO



		MAXIM GROUP LLC



	By:		/s/ Jacob Eisen
			Name: Jacob Eisen
			Title: Managing Director