Company Profile
- The Bancorp, Inc. (NASDAQ: TBBK) (“the company”) is financial holding company for its primary subsidiary, The Bancorp Bank, National Association (“the bank”) (est. 2000). Headquartered in Wilmington, Delaware, TBBK is a nationally branded, branchless banking operation, with a focus on payments services, banking-as-a-service, and national lending activities.
- The payments division has positioned itself as an industry leader for prepaid and debit cards as well as created a space within the payments ecosystem as a facilitator of ACH and other rapid funds transfer services. Through this division, TBBK has well-established partnerships with institutions such as PayPal and Chime, providing meaningful long-term growth opportunities for the company.
- TBBK’s lending activities come from within four national business lines, including institutional banking, which was largely comprised of securities backed and insurance backed lines of credit (SBLOC/IBLOC),…