Betsy Z. Cohen
Chief Executive Officer
As Chief Executive Officer of The Bancorp Bank, Betsy Cohen brings over 30 years experience in banking, real estate and financial law, as well as real estate lending, investing and development. In 1974, Betsy founded Jefferson Bank with a strong commercial lending focus, serving as Chairman and CEO of the Bank and its holding company, JeffBanks, Inc., for 25 years. In 1999, Betsy sold the $1.8 billion asset company for over $370 million. In August 2000, Betsy founded The Bancorp Bank (NASDAQ: TBBK), an FDIC-insured virtual bank providing services to small and mid-size businesses and their principals in the Philadelphia-Wilmington market area through its community bank Philadelphia Private Bank, and on private-label affinity group programs for organizations and institutions, including merchant card servicing. Betsy's leadership as Chairman and CEO has kept the Jefferson Senior Management Team intact at The Bancorp Bank. Betsy also serves as the Chairman and Chief Executive Officer of RAIT Investment Trust (NYSE: RAS), a real estate investment trust which she formed in 1997 which provides specialty financing to owners of commercial real estate.
The second female law professor on the East Coast after Ruth Bader Ginsberg, Betsy taught business law at Rutgers University Law School. Later, she co-founded a law firm specializing in complex real estate and financial concerns.
In 1999 Working Woman magazine ranked Betsy as 89th in their list of the TOP 500 business-women in the United States. Among her many recognitions, she was named one of the 50 Leading Female Entrepreneurs of the World in 1997 and one of the Top 50 businesswomen in the Commonwealth of Pennsylvania in 1996. Betsy was the recipient of Philadelphia's prestigious Paradigm Award in 1997, and in 1994, she was named Delaware Valley Master Entrepreneur of the Year in association with Inc. magazine.
Betsy is affiliated with many corporate and non-profit boards, serving as a Director of Aetna US Healthcare (NYSE); a Director of COPT (NYSE), Corporate Office Properties Trust; a Director of Maine Merchant Bank, LLC; a Trustee and Chair of the Audit Committee of the Board of Directors of the Philadelphia Museum of Art, and Vice Chair of her alma mater, Bryn Mawr College.