Customers Bank Partners with OakNorth to Analyze Loan Portfolio Amid COVID-19

Customers Bancorp which has $11.5 billion in assets is working with OakNorth to help monitor their loan portfolio; OakNorth will assist in identifying sectors and businesses which will be impacted the most by COVID-19; OakNorth platform currently works with 17 banks globally including OakNorth Bank and NIBC; they target what they call the ‘missing middle’ or businesses seeking loans from $1 million to $25 million; OakNorth has created a COVID-19 vulnerability rating which looks at how sustainable a business may be over certain time periods. American Banker