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Financial information and card statistics are at or for the year ended December 31, 2022.
The Bancorp, Inc. (NASDAQ: TBBK), headquartered in Wilmington, Delaware, is a payment services provider and specialized lender within the U.S. through its subsidiary, The Bancorp Bank, N.A. (headquartered in Sioux Falls, South Dakota). We support the payments and banking needs of nonbank companies, ranging from entrepreneurial startups to those on the Fortune 500.
Our Fintech Solutions, Institutional Banking, Commercial Lending and Real Estate Bridge Lending businesses help our clients transform their businesses with banking solutions powered by cutting-edge technology and a “partner first” perspective. As a result, we’ve gained industry recognition as the #1 issuer of prepaid cards1 in the U.S., leading merchant servicer and a top ACH originator. We are also an SBA National Preferred Lender, institutional banking services provider and one of the few bank-owned vehicle and fleet leasing groups in the nation.
1Nilson Report, April 2023.
The Bancorp has more than 20 years of experience successfully developing and delivering complex banking products and services for our business partners and their clients. At the helm of our operations are financial service professionals — bankers, technologists, strategists and many others — committed to maintaining the highest standards of performance and regulatory best practices to ensure service excellence.
Our partners benefit from nearly 100% uptime, enabling them to have continuous and convenient access to the applications and functionality they need most.
The Bancorp takes risk management very seriously. In addition to regularly monitoring our operational procedures, our internal risk and compliance monitoring infrastructure ensures compliance from our third-party service providers, partners and their customers.
Founded in 1999 by Betsy Z. Cohen, Esquire, The Bancorp had an auspicious start. While not her first venture, The Bancorp benefitted from the achievements of a woman who blazed trails to achieve significant accomplishments in law, finance and banking, investing and real estate.
A graduate of the University of Pennsylvania Law School, Ms. Cohen became the second female law professor on the East Coast after Supreme Court Justice Ruth Bader Ginsburg. Her business ventures were equally impressive, having founded her first bank, Jefferson Bank, at 32 years old. She also built a commercial law firm and created global shipping and leasing businesses.
However, it was her founding of The Bancorp, with the mission of identifying disruptive technology innovation in the financial services industry, that solidified her position as a true financial services visionary. The Bancorp thanks Ms. Cohen for her leadership and her revolutionary approach to business. Today, we honor Ms. Cohen’s vision by continuing to not settle for what is possible today, but always looking for how to improve tomorrow.
