Press Release

The Bancorp Expands Small Business Lending with Two New Officers

Company Release - 11/8/2017 9:00 AM ET

New Hires to Focus on Business Development and New Market Initiatives

WILMINGTON, Del.--(BUSINESS WIRE)-- The Bancorp, Inc. (NASDAQ: TBBK) announces the addition of Kelly Isley and Teresa Carlson to its Small Business Lending team. They will support The Bancorp’s expansion into industries that are new to its portfolio, including: funeral home lending, senior living and self-storage.

Isley will serve as Vice President, SBA New Markets. In this role, she will work with the bank’s small business lenders to expand market share into a broader range of industries. Formerly the Chief Operating Officer for a national lender service provider, Isley brings more than 17 years of financial services experience including an extensive understanding of all aspects of SBA lending to businesses nationwide.

Carlson will serve as Vice President, SBA Business Development Officer, with a focus on the funeral home industry in addition to supporting general small businesses across the country. Carlson joins The Bancorp with over 24 years of experience in SBA lending. Previously, she worked as Vice President, SBA Business Development, at Mission Valley Bank.

“This is an exciting time for The Bancorp,” said Jeff Nager, Executive Vice President, Head of Small Business Lending. “Kelly and Teresa are key additions who will add greater depth and expertise to our team as we take our first steps into expanding our offerings across new markets.”

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 only 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.

The Bancorp Media Relations
Maria Wainwright, 302-385-5316
mwainwright@thebancorp.com
or
The Bancorp Investor Relations
Andres Viroslav, 215-861-7990
aviroslav@thebancorp.com

Source: The Bancorp, Inc.