CUSTOMERS BANCORP INC

Ticker: CUBI CUSIP: 23204G100 Class: Common Stock

Watershed Asset Management, L.L.C.'s Holding History (CIK: 0001315926)

Note: Option positions (PUT/CALL) are excluded.

Q3 2015

Shares 4,811 Value ($000) $124 Avg Close $25.43 Range $22.36 - $29.69

Q2 2015

Shares 259,601 Value ($000) $6,981 Avg Close $25.56 Range $23.79 - $28.00

Q1 2015

Shares 352,401 Value ($000) $8,584 Avg Close $21.56 Range $17.85 - $24.86

Q4 2014

Shares 441,483 Value ($000) $8,591 Avg Close $18.52 Range $17.10 - $20.16

Q3 2014

Shares 356,820 Value ($000) $6,408 Avg Close $18.92 Range $17.71 - $20.66

Q2 2014

Shares 354,799 Value ($000) $7,100 Avg Close $19.77 Range $18.25 - $21.25

Q1 2014

Shares 322,546 Value ($000) $6,732 Avg Close $18.23 Range $17.27 - $20.03

Q4 2013

Shares 271,846 Value ($000) $5,562 Avg Close $15.94 Range $14.39 - $21.04

Q3 2013

Shares 271,846 Value ($000) $4,377 Avg Close $15.21 Range $14.12 - $16.35

Q2 2013

Shares 150,000 Value ($000) $2,438 Avg Close $15.14 Range $13.77 - $16.36

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	4,811	$124	$25.43	$22.36 - $29.69
Q2 2015	259,601	$6,981	$25.56	$23.79 - $28.00
Q1 2015	352,401	$8,584	$21.56	$17.85 - $24.86
Q4 2014	441,483	$8,591	$18.52	$17.10 - $20.16
Q3 2014	356,820	$6,408	$18.92	$17.71 - $20.66
Q2 2014	354,799	$7,100	$19.77	$18.25 - $21.25
Q1 2014	322,546	$6,732	$18.23	$17.27 - $20.03
Q4 2013	271,846	$5,562	$15.94	$14.39 - $21.04
Q3 2013	271,846	$4,377	$15.21	$14.12 - $16.35
Q2 2013	150,000	$2,438	$15.14	$13.77 - $16.36