BANCORP INC/THE (TBBK)

Company Profile

The Bancorp, Inc. operates as a financial holding company. The company is headquartered in Wilmington, Delaware and currently employs 717 full-time employees. The company went IPO on 2004-02-02. The firm's segments include Specialty Finance and Payments. Its primary lines of specialty lending include securities-backed lines of credit (SBLOC) and cash value of insurance-backed lines of credit (IBLOC), leasing (direct lease financing), Small Business Administration (SBA) loans and non-SBA commercial real estate (CRE) loans. Its SBLOCs and IBLOCs are loans which are generated through institutional banking affinity groups and are respectively collateralized by marketable securities and the cash value of insurance policies. The company offers investment advisor financing to investment advisors. The firm also offers small business loans (SBL), which are comprised primarily of SBA loans and vehicle fleet and, to a lesser extent, other equipment leasing to small and medium sized businesses. Its SBLOCs and IBLOCs are offered in conjunction with brokerage accounts. Its subsidiaries include The Bancorp Bank, National Association.

Company Info

BANCORP INC/THE

409 Silverside Road

Wilmington DELAWARE 19809

P: 13023855000

CEO: Damian M. Kozlowski

Employees: 717

Website: https://www.thebancorp.com/