Press Release

The Bancorp Appoints Two New Members to the Board of Directors

Company Release - 10/31/2019 9:17 AM ET

Additional Board Members Offer Unmatched Experience and Provide Unique Insights

WILMINGTON, Del.--(BUSINESS WIRE)-- The Bancorp, Inc. (NASDAQ: TBBK) announces the addition of Daniela Mielke and Stephanie Mudick to its Board of Directors. The wide range of experiences, competencies and perspectives that they both bring to the already dynamic Board will offer enhanced support for The Bancorp’s vision and strategic agenda.

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Daniela Mielke (Photo: Business Wire)

Daniela Mielke (Photo: Business Wire)

Daniela Mielke has nearly 30 years of experience in the financial services industry and has held numerous leadership roles. She is currently the North American CEO of RS2 Inc., one of the leading providers of payment processing services in Europe and Asia Pacific.

Mielke is also Managing Partner of Commerce Technology Advisors, LLC, a privately held consulting firm which she founded in April 2016. Commerce Technology Advisors, LLC provides services to technology, financial services and private equity companies on organic and inorganic growth strategies, building payment businesses, and using artificial intelligence.

In addition to her position on The Bancorp’s Board of Directors, Mielke also serves as a member of the board of Finca International, a global NGO dedicated to alleviating poverty.

Stephanie Mudick has had a long-standing career in the financial services industry, most recently having spent 11 years as Executive Vice President at JPMorgan Chase and Co. During her tenure, she served as Head of Regulatory Strategy, where she managed the global regulatory agenda for the firm across all of its businesses and products.

Mudick served Citigroup, Inc. in various roles providing a wide array of banking, lending, insurance and investment services to individual and small business consumers in over 50 countries, with $12 billion in earnings, and as General Counsel of the firm.

In her combined experience, Mudick served on senior management committees and regularly engaged with and advised the respective Boards of Directors and Board Committees. She has previously served as a director of two public company Boards and numerous nonprofit Boards, including City Year New York, which she chaired for six years.

“I am very pleased to have Daniela and Stephanie join our Board,” said Damian Kozlowski, President and CEO. “Their contributions drawing from their extensive experience will provide refreshed perspectives that will accelerate business growth and support The Bancorp’s Strategic Agenda.”

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 SBA National Preferred 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, VP 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.