About The Bancorp, Inc.
The Bancorp, Inc. is a financial holding company that operates through its subsidiary, The Bancorp Bank, National Association, providing banking products and services in the United States. The company was founded by Betsy Z. Cohen in 1999 and is headquartered in Wilmington, Delaware. Its common stock trades on the Nasdaq exchange under the ticker symbol TBBK. The Bancorp operates through three segments: Fintech Solutions, Credit Solutions, and Corporate. The Fintech Solutions segment partners with fintech and technology-focused payment firms to deliver payment, deposit, and sponsored lending products. The Credit Solutions segment provides specialized lending, including securities-backed lines of credit, SBA loans, commercial real estate bridge loans, and vehicle fleet lease financing. The company also offers FDIC-insured deposit products, prepaid and debit card issuing, ACH processing, and other payment services to non-bank financial companies ranging from startups to Fortune 500 firms. The Bancorp operates in the financial services sector and is recognized as a leading fintech sponsor bank and one of the largest issuers of prepaid cards in the United States.
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