The Bancorp Named as the Top Bank Over $5 Billion in Assets in Bank Director’s Ranking Banking Study
August 15 2022 - 4:17PM
Business Wire
Today, The Bancorp Bank, the wholly-owned banking subsidiary of
The Bancorp, Inc. (NASDAQ: TBBK), is proud to share it has been
ranked as the No. 1 bank with assets between $5 billion to $50
billion by Bank Director in their 2022 Ranking Banking study.
Additionally, the Bank was listed as the No. 3 bank overall, which
includes banks with under $5 billion in assets. The annual list
assesses the 300 largest publicly traded banks based on the prior
year’s performance with data provided by S&P Global Market
Intelligence. The ranking of each bank is measured by return on
equity and assets, asset quality, capital adequacy, and total
shareholder return.
“I am incredibly thankful that we are succeeding in the most
innovative space in financial services,” said Damian Kozlowski,
Chief Executive Officer of The Bancorp, Inc., and President of The
Bancorp Bank. “By providing our partners the capabilities to
innovate, The Bancorp is enabling more efficient access to banking
while still producing exemplary returns for our investors.”
The Bancorp facilitates the leading ecosystem for payments
through its Fintech Solutions business, partnering with companies
like PayPal and Chime as clients to help expand banking within a
digital landscape. As a top leader in payments, the Bank has
generated a stable, low-cost deposit base from approximately 150
million active cards issued.
Furthermore, through its Commercial Lending and Institutional
Banking businesses, the Bank’s lending portfolio is 70% variable
rate and maintains low credit risk, with many loans secured by
liquid assets or government guarantees.
“Our success as a company can be attributed to our management
team’s focus and every team members’ commitment to excellence,”
added Kozlowski. “We care about our community and always want to do
better for them.”
To learn more about The Bancorp, please visit
https://www.thebancorp.com/.
About The Bancorp The Bancorp, Inc. (NASDAQ: TBBK),
headquartered in Wilmington, Delaware, through its subsidiary, The
Bancorp Bank, provides non-bank financial companies with the
people, processes, and technology to meet their unique banking
needs. Through its Fintech Solutions, Institutional Banking,
Commercial Lending, and Real Estate Bridge Lending businesses, The
Bancorp provides partner-focused solutions paired with cutting-edge
technology for companies that range from entrepreneurial startups
to Fortune 500 companies. With over 20 years of experience, The
Bancorp has become a leader in the financial services industry,
earning recognition as the #1 issuer of prepaid cards in the U.S.,
a nationwide provider of bridge financing for real estate capital
improvement plans, an SBA National Preferred Lender, a leading
provider of securities-backed lines of credit, with one of the few
bank-owned commercial vehicle leasing groups. By its company-wide
commitment to excellence, The Bancorp has also been ranked as one
of the 100 Fastest-Growing Companies by Fortune, a Top 50 Employer
by Equal Opportunity Magazine, and was selected to be included in
the S&P Small Cap 600. For more about The Bancorp, visit
https://thebancorp.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20220815005659/en/
Media Relations Rachel Weiss, VP, Communications Manager (302)
385-5410 rweiss@thebancorp.com Kathleen Hayn, AVP, Communications
Specialist (302) 385-5183 kahayn@thebancorp.com Investor Relations
Andres Viroslav, Director of Investor Relations (215) 861-7990
aviroslav@thebancorp.com
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