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About
The Bancorp, Inc. operates as a bank holding company for The Bancorp Bank. It engages in the provision of services including private label banking for investment advisory companies through the company's institutional banking department; credit and debit card processing for merchants affiliated with independent service organizations; and prepaid cards for general purpose card sponsors, insurers, incentive plans, large retail chains, consumer service organizations, and others. It operates through its lending segments: SBLOC Loans; SBA Loans; Automobile Fleet and Other Equipment Leasing; and the Origination of Loans for Sale into CMBS and CLO Capital Markets. The company was founded in 1999 and is headquartered in Wilmington, DE. | |||
Description
The Bancorp, Inc. operates as the financial holding company for The Bancorp Bank that provides banking products and services to individuals, and small and mid-size businesses in the United States. The company offers a range of deposit products and services, including checking accounts, savings accounts, money market accounts, commercial accounts, and prepaid and payroll cards. It also provides securities backed lines of credit, automobile fleet and other equipment leasing, small business administration loans, and loans generated for sale into capital markets primarily through commercial mortgage backed securities and collateralized loan obligations. In addition, it offers private label banking for investment advisory companies; credit and debit card payment processing for merchants affiliated with independent service organizations; institutional banking to investment advisors; and Internet banking services. The Bancorp, Inc. was founded in 1999 and is based in Wilmington, Delaware. | |||
