The acquisition of the $631 million loan portfolio from the FDIC at 85% of book value is a significant addition to Customers Bancorp's assets. The hiring of 30 team members from the loan origination group will help support the venture-backed growing industry from seed to late-stage. The combination of the technology and life sciences portfolio with CUBI's existing Technology and Venture Capital Banking vertical in Boston and the capital call loans with CUBI's Fund Finance group in New York and Chicago will strengthen the company's position in these markets. This is expected to have a positive short-term impact on CUBI's stock price.