Customers Bank unveils national technology, venture banking group

West Reading, Pa.-based Customers Bancorp Inc. unit Customers Bank unveiled a national technology and venture banking group that offers products and structures to meet the needs of technology and venture businesses in all life-cycle stages.

The group takes a stage-based approach in assessing opportunities and risks, according to a Jan. 3 news release. The stages are mainly categorized by overall run-rate revenue and, to a lesser degree, customer base, product adoption, total addressable market and overall capitalization.

The team's offerings include growth capital term loans; monthly and annual recurring revenue credit facilities; unitranche and first-out, last-out credit facilities; revolving lines of credit; and traditional term loans.

The national technology and venture banking group is co-headed by Sean McGah and Bobby Bryant, both managing directors.