Press Release

The Bancorp Expands Executive Leadership Team to Drive Innovation and Performance

Company Release - 3/11/2019 9:25 AM ET

WILMINGTON, Del.--(BUSINESS WIRE)-- The Bancorp, Inc. (NASDAQ: TBBK) announces key additions to the Company’s Executive Leadership Team. These leaders embody The Bancorp’s core values, bring expertise and experience in the development of strategic plans, and deliver great value to the organization. The following individuals have distinguished themselves as leaders and significant contributors to the Company and join other named Executive Officers and Managing Directors in providing strategic direction to the Company:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190311005497/en/

Erika Caesar, Assistant Legal Counsel, and Chief Diversity Officer (Photo: Business Wire)

Erika Caesar, Assistant Legal Counsel, and Chief Diversity Officer (Photo: Business Wire)

Erika Caesar joined the Bank in October 2017 as Managing Director, Assistant General Counsel, advising the Company on a wide range of legal, regulatory, strategic and corporate governance items. She was recently appointed to also serve as Chief Diversity Officer where she leads the development and implementation of initiatives that advance the Company’s commitment to maintaining a talented, diverse workforce and inclusive culture. Prior to joining The Bancorp, Erika practiced law at a national law firm, where she represented parties in various corporate and commercial matters.

Gregor Garry the Company’s Chief Risk Officer (CRO) has also been appointed Deputy Chief Operating Officer (COO). As the CRO, Greg is responsible for Enterprise Risk Management, Third Party Risk Management, Cyber Security, and Regulatory Affairs functions. As Deputy COO, Greg assists the Company’s COO in leading several key divisions of the Company, including Operations, Financial Crimes Risk Management and Consumer Compliance. Previously, Greg served as The Bancorp’s Chief Audit Executive where he played a lead role in the remediation of regulatory issues and transitioning the Company to a predominantly in-house internal audit operation.

Jennifer F. Terry serves as Managing Director, Chief Human Resources Officer of the Company. Working out of the Company’s Wilmington, DE headquarters, she is responsible for the development and implementation of the strategic plan for all Human Resource operations to ensure a superior employee and candidate experience. Jennifer brings a successful track record spanning more than 20 years of Human Resources experience. She most recently served as TD Bank’s Vice President, Senior Manager of HR Operations and Delivery.

Maria Wainwright, who joined the Company in 2013, was recently named Managing Director, Chief Marketing Officer. In her role, Maria leads the strategic planning, development, and execution of all Marketing, Internal and External Communications, Branding and Investor Relations functions of the organization. Maria is responsible for partnering with the sales organizations to collaborate on driving growth by cost-effectively maximizing leads through market research, product strategy, marketing communications, and public relations. Previously, Maria had various marketing roles in the financial industry, including Lincoln Financial Group, where she worked for 12 years.

Matt Wallace has served as Managing Director, Chief Information Officer of the Company since his hire in July 2017. He plays a critical role in overseeing strategies and capabilities for all areas of Information Technology across the Enterprise. Additionally, he leads the Enterprise Project Management Office advising The Bancorp’s strategic initiatives from start to finish. Prior to joining The Bancorp, Matt was with Bank of America for 13 years where he most recently served as Senior Vice President within the Card Division. There, he was responsible for 300 Information Technology and Operations professionals across the United States, Europe and Asia.

Additionally, transitions were implemented among two current members of the Executive Leadership Team.

John Leto, who joined the Company in July 2016 as Chief Administrative Officer, now serves as Executive Vice President and Head of Institutional Banking. John is uniquely positioned to manage the strategic needs of the Company’s Institutional Banking business as most of his career was spent in leadership roles at some of the most notable wealth management organizations. Prior to joining The Bancorp, John served as President and CEO of Standard Chartered Private Bank for the Americas, as well as Head of National Sales of Wealth Management at TD Bank in the US.

Jeff Nager has expanded his role and is now Executive Vice President and Head of Commercial Lending. In his new role, Jeff will continue to lead the Small Business Lending division but will also oversee the Commercial Fleet Leasing division. With more than 25 years of experience in Small Business Administration (SBA)/Small Business Lending, Jeff most recently led the SBA Lending team at SunTrust Bank. Previously, he held SBA-focused leadership positions at Wells Fargo, Community South Bank, and several other national SBA Lenders throughout his career.

“These talented individuals provide leadership skill that cultivates a high-performing corporate environment,” says Chief Executive Officer and President, Damian Kozlowski. “Together with our existing members of the Executive Leadership Team, they are responsible for the collective management of our operating activities and strategic plans. Each officer brings deep expertise, long experience and incredible vision and enthusiasm for our business. I believe these changes will help strengthen and guide us to a very exciting future focused on innovation and excellence.”

About The Bancorp

The Bancorp, Inc. (NASDAQ: TBBK) is dedicated to serving the unique needs of non-bank financial service companies, ranging from entrepreneurial start-ups to those on the Fortune 500. The company’s subsidiary, The Bancorp Bank (Member FDIC, Equal Housing Lender), has been repeatedly recognized in the payments industry as the Top Issuer of Prepaid Cards (US), a top merchant sponsor bank and a top ACH originator. Specialized lending distinctions include National Preferred SBA Lender, a leading provider of securities-backed lines of credit, and one of the few bank-owned commercial vehicle leasing groups in the nation. For more information please visit www.thebancorp.com.

Media Relations
Rachel Weiss, AVP Marketing & Communications Manager
(302) 385-5410
rweiss@thebancorp.com

Investor Relations
Andres Viroslav, Director of Investor Relations
(215) 861-7990
aviroslav@thebancorp.com

Source: The Bancorp, Inc.