On March 24, 2022, Rick B. Burkey, a member of the board of directors of Customers Bancorp, Inc. and Customers Bank, informed the company that he intends to retire from the board of directors and will not stand for reelection at the company's 2022 Annual Meeting of Shareholders. His retirement will become effective immediately following the 2022 Annual Meeting of Shareholders. Mr. Burkey has served as a director of the Company since 2016, and currently is a member of the Nominating and Corporate Governance Committee of the Company, a member of the Directors' Risk Committee of the Company and the chairman of the Board Compliance Committee of Customers Bank.