A new national technology and venture banking group based in Phoenixville and around southeastern Pennsylvania has been announced by Customers Bank, where it plans to serve early, growth, and late-stage technology companies, writes Joe Zlomek for The Sanatoga Post.

According to the bank, the new unit intends to provide “unique financial products and structures designed specifically to meet the needs of technology and venture businesses in all life-cycle stages.”

Among the products Customers Bank intends to provide include: revolving lines of credit, growth capital term loans, recurring revenue credit facilities, and more.

“Our team specializes in creating financing structures and offering the portfolio management services that venture capital, growth equity, and private equity firms require,” said CEO and bank president Sam Sidhu.

Managing directors Sean McGah and Bobby Bryant and focused on growing relationships to help further establish the bank’s national presence. Vice president Robbie Barton help create solutions that meet clients’ problems, and the associate vice president Keagan Latta supports the venture loan portfolio.

Read more about Customers Bank and its new technology and venture banking unit at The Sanatoga Post.