The Bancorp’s Board of Directors Announces Damian Kozlowski as New CEO and President
May 24 2016 - 8:00AM
Business Wire
The Board of Directors of The Bancorp, Inc. (NASDAQ: TBBK), and
The Bancorp Bank, today announced that Damian Kozlowski has been
appointed Chief Executive Officer of The Bancorp, Inc., President
of The Bancorp Bank and a Director of the company and the bank,
effective June 1, 2016. Mr. Kozlowski succeeds Interim Chief
Executive Officer John C. Chrystal, who will work with Mr.
Kozlowski to ensure a smooth transition. Mr. Chrystal will remain a
Director of both the company and the bank.
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Damian Kozlowski joins The Bancorp as
CEO, effective June 1, 2016 (Photo: Business Wire)
Daniel Cohen, The Bancorp’s Chairman of the Board and Executive
Vice President, commented, “Damian brings to The Bancorp
well-rounded knowledge of the business of banking and deep
understanding of its regulatory complexities. His experience in
both smaller and larger financial institutions has given him the
unique perspective that’s required of The Bancorp’s business model
within the financial services and technology sectors.”
According to Mr. Kozlowski, “I am eager to become part of The
Bancorp, a widely recognized leader in financial services and
technology solutions. The experience and knowledge that I
bring, combined with the expertise of the outstanding executive
leadership team currently in place, will help drive the company to
achieve its fullest potential, both fiscally and
operationally.”
Mr. Kozlowski joins The Bancorp after having served, since 2010,
as Chief Executive Officer, President, and Director of Modern Bank,
N.A. Previously, Mr. Kozlowski served as Chairman and Chief
Executive Officer of Alpha Capital Financial Group, Inc.
(2007-2010). From 2000 to 2007, Mr. Kozlowski was responsible for
developing The Citigroup Private Bank’s global growth strategy to
significantly build position in the high net worth wealth
management market. At Citigroup Private Bank, Mr. Kozlowski managed
4500 employees in 98 offices in 31 countries; he served as Chief
Executive Officer, Global Private Bank (2005-2007); President, US
Private Bank (2002-2005); Chief Operating Officer and Chief
Financial Officer (2001-2002); and Global Head of Business
Development and Strategy (2000-2001). Mr. Kozlowski served as a
member of Citigroup’s Operating and Management Committees, and was
the ranking business leader on the Global Anti-Money Laundering
Council. His prior experience includes positions held at Banc of
America Securities, Marakon Associates, Rostra Holdings and US
Trust, which have equipped him with deep expertise in private
equity, wealth management, and investment banking.
As Managing Director of Payment Solutions, The Bancorp’s largest
division, Jeremy Kuiper commented, “The Bancorp is on an exciting
trajectory that will now be further fueled by Damian’s exceptional
track record. We welcome his leadership in shaping and bringing The
Bancorp’s strategic vision to fruition.”
The Bancorp is widely recognized for its dedication to serving
the needs of non-bank financial service companies, ranging from
entrepreneurial start-ups to those on the Fortune 500. With total
assets of $4.379 billion, the company has over recent years
strategically refocused its services to the payments industry as
well as to a handful of highly specialized, lower-risk lending
categories, including: Institutional Banking, Government Guaranteed
Lending, Commercial Fleet Leasing and Commercial Mortgage-Backed
Securitization. During this same time, the company has made
significant capital investments in fortifying its operational
infrastructure.
About The Bancorp
With operations in the US and Europe, The Bancorp, Inc. (NASDAQ:
TBBK) is dedicated to serving the unique needs of non-bank
financial service companies, ranging from entrepreneurial start-ups
to those on the Fortune 500. The company’s chief financial
institution, The Bancorp Bank (Member FDIC, Equal Housing Lender),
has been repeatedly recognized in the payments industry as the Top
Issuer of Prepaid Cards (US), a top merchant sponsor bank, and a
top ACH originator. Specialized lending distinctions include
National Preferred SBA Lender, a leading provider of
securities-backed lines of credit, and one of the few bank-owned
commercial leasing groups in the nation. For more information,
please visit www.thebancorp.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160524005319/en/
The Bancorp, Inc.Andres Viroslav,
215-861-7990aviroslav@thebancorp.com
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