Exhibit A, Customers Bank October 2022 Remittances — In re KServicing (Dkt. 357-1)

Summary

Exhibit A, filed December 21, 2022 as Doc 357-1 in Case 22-10951-CTG, the Kabbage bankruptcy, accompanying the Declaration of Tamica Williams in support of an objection to a CUBI motion. The two-page exhibit is a reconciliation titled Customers Bank October 4 - 31, 2022 Remittances Tied to Bank Statement. It compares gross remittances of 1,301,569.46 for 10/4-10/31 with bank credits of 1,551,275.91 and explains the difference of 249,706.45 through items such as a holdback, refunds and ACH returns, and amounts later paid to CUBI in November or December. It then deducts 925,242.87 remitted to SBA for customer payments received after guaranty payment, leaving a net wire to CUBI of 376,326.59.

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               Case 22-10951-CTG   Doc 357-1   Filed 12/21/22   Page 1 of 2




                                     EXHIBIT A




RLF1 28380580v.1
                       Case 22-10951-CTG          Doc 357-1     Filed 12/21/22     Page 2 of 2
                       Customers Bank October 4 ‐ 31, 2022 Remittances Tied to Bank Statement



(1,301,569.46) Gross Amount of Remittances 10/4‐10/31
(1,551,275.91) Bank Credits Per Bank Statement 10/1‐10/31
   249,706.45 Difference between Gross Remittances and Bank Credits

   92,532.21 In 10/03 Remit File; Part of Holdback
  147,656.04 Refunds for customer credit balances/ACH returns (debits on bank statement)
    8,643.85 Amount received in October and further researched; paid to CUBI in December
      792.11 Amount received in October and further researched; paid to CUBI in December
        40.00 SBA # 1492338409 Deposited to bank 10/17/22 but not initially remitted; paid to CUBI in December 2022
        68.24 SBA # 1492338409 Deposited to bank 10/19/22 but not initially remitted; paid to CUBI in December 2022
       (26.00) Reconciled paper draft remittance not initially accounted for; paid to CUBI in November
  249,706.45 Sum of explained items

        0.00




1,301,569.46 Gross Amount of Remittances 10/4‐10/31
 (925,242.87) Remitted to SBA for Customer Payments Received after Guaranty Payment (debits on bank statement)
  376,326.59 Net Wire to CUBI


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gov.uscourts.deb.188293.357.1.pdf

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gov.uscourts.deb.188293.357.1.pdf

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archive.org