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DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION
3 Months Ended
Mar. 31, 2012
DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION [Abstract]  
DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION
NOTE 1 - DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION
 
Customers Bancorp, Inc. (the "Bancorp") is a Pennsylvania corporation formed on April 7, 2010 to facilitate the reorganization of Customers Bank (the "Bank") into a bank holding company structure.  The reorganization was completed on September 17, 2011.  Any financial information for periods prior to September 17, 2011, contained herein reflects those of Customers Bank as the predecessor entity.  The unaudited consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States ("U.S. GAAP") for interim financial statements and pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") for interim reporting.  Certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to those rules and regulations, although the Bancorp believes that the disclosures made are adequate to make the information not misleading. The accounting policies of Customers Bancorp, Inc. and Subsidiary, as applied in the consolidated interim financial statements presented herein, are substantially the same as those followed on an annual basis as disclosed on pages 80 through 90 of Customers' Annual Report on Form 10-K for the fiscal year ended December 31, 2011.  It is suggested that these financial statements be read in conjunction with the financial statements and the notes thereto included in the latest Form 10-K.
 
The Bancorp's unaudited consolidated interim financial statements reflect all adjustments that are, in the opinion of management, necessary for fair statement of the results of interim periods presented.
 
Certain amounts reported in the 2011 consolidated financial statements have been reclassified to conform to the 2012 presentation.  These reclassifications did not significantly impact the Bancorp's financial position or results of operations.
 
The Bancorp evaluated its March 31, 2012 consolidated financial statements for subsequent events through the date the financial statements were issued.  The Bancorp is not aware of any additional subsequent events which would require recognition or disclosure in the financial statements.