The Bancorp Bank Obtains National Charter from the OCC
September 19 2022 - 9:17AM
Business Wire
The Bancorp Bank (“Bank”,) a wholly-owned subsidiary of The
Bancorp, Inc., is pleased to announce it has completed the charter
conversion process with the Office of the Comptroller of the
Currency (OCC). The Bank now operates as a national bank under the
regulatory supervision of the OCC as The Bancorp Bank, National
Association (or “The Bancorp Bank, N.A.”)
“We are delighted to have a new regulatory partner to further
the development of the financial services industry. As a national
platform that enables many of the most innovative companies, The
Bancorp will continue to focus on safe and sound innovation and
greater access to banking services,” said Damian Kozlowski, Chief
Executive Officer and President.
For over 20 years, the Bank has provided payments and
specialized lending services to nonbank corporate partners, ranging
from entrepreneurial startups to companies listed on the Fortune
500. Through its Fintech Solutions, Institutional Banking,
Commercial Lending, and Real Estate Bridge Lending businesses, the
Bank uses a “partner first” approach to deliver valuable banking
solutions backed by innovative technology and service
excellence.
To learn more about The Bancorp, please visit
https://www.thebancorp.com/.
About The Bancorp
The Bancorp Inc., (NASDAQ: TBBK), through its subsidiary, The
Bancorp Bank, N.A., 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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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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