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Bancorp Inc
409 Silverside Road
Phone: (302) 385-5000p:302 385-5000 WILMINGTON, DE  19809  United States Ticker: TBBK TBBK
On March 3, 2025, The Bancorp, Inc. inappropriately filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. After receiving notification on March 3, 2025 from the company’s independent public accounting firm, Crowe LLP, on March 4, 2025, the Audit Committee of the Board of Directors concluded that the company’s filed financial statements for the fiscal years ended December 31, 2022 through 2024 as shown in the Annual Report, should no longer be relied upon because the company’s independent public accounting firm, Crowe LLP, did not provide final approval to include the audit opinion with respect to the fiscal year ended December 31, 2024.
Business Summary
The Bancorp, Inc. is a financial holding company. Its primary, wholly owned subsidiary is The Bancorp Bank, National Association (the Bank). The Bank is a nationally chartered commercial bank located in Sioux Falls, South Dakota and is a Federal Deposit Insurance Corporation insured institution. Its segments include fintech, specialty finance and corporate. Fintech segment includes the deposit balances and non-interest income generated by prepaid, debit and other card access accounts, ACH processing and other payments-related processing. It also includes loan balances and interest and non-interest income from credit products generated through payment relationships. Specialty finance includes real estate bridge lending, comprised of apartment building rehabilitation loans; institutional banking, comprised of security-backed lines of credit, cash value insurance policy-backed lines of credit and advisor financing and commercial loans, comprised of SBA loans and direct lease financing.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
Yes--Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202412/31/2024YesYes-YesYes

Industries
SIC Code Description
6021 National commercial banks
6029 Commercial banks, not elsewhere classified
6712 Offices of bank holding companies

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Independent Chairman of the Board James J.Mcentee 66 11/1/2021 9/1/2000
Chief Executive Officer, Director; President of the Bank Damian M.Kozlowski 59 1/1/2017 6/1/2016
Chief Financial Officer, Executive Vice President, Secretary PaulFrenkiel 71 1/1/2023 9/29/2009
11 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
The Bancorp Bank 409 Silverside Road, Suite 105 Wilmington DE United States

Business Names
Business Name
McMahon Leasing
TBBK
The Bancorp Bank
The Bancorp Bank, National Association

General Information
Number of Employees: 771 (As of 12/31/2024)
Outstanding Shares: 48,067,178 (As of 2/24/2025)
Shareholders: 29,784
Stock Exchange: NASD
Federal Tax Id: 233016517
Fax Number: (302) 655-5049


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Friday, March 28, 2025