Press Release

The Bancorp Small Business Lending Team Adds Three Officers

Company Release - 11/15/2018 9:00 AM ET

New Hires to Support Continued Growth of SBA Lending Across the Nation

WILMINGTON, Del.--(BUSINESS WIRE)-- The Bancorp, Inc. (NASDAQ: TBBK) is pleased to announce that Ryan Beck, Alan (Skip) Canavan and Charles Meyers have joined the Small Business Lending Team in the role of Vice President, SBA Business Development Officer. They will support The Bancorp’s growth strategies as a provider of Small Business Administration (SBA) loans, offering guidance and service to clients throughout the loan process.

Beck will deliver financing solutions to small business owners in the Houston region and develop client and referral relationships throughout Texas. Prior to his role at The Bancorp, he was Assistant Vice President, SBA Lender at Icon Bank.

Canavan will be based in the Tampa, FL area, while Meyers will focus on business development in the Salt Lake City region. They each bring more than 30 years’ SBA lending experience to their new roles. They join The Bancorp from First Chatham Bank where they both served as Vice President, SBA Business Development Officer.

“We are excited to have these exceptional Business Development Officers join our team, allowing us to continue enhancing our lending platform and provide the highest service levels to clients and referral sources,” said Jeff Nager, Executive Vice President, Head of Small Business Lending. “Ryan, Skip, and Charles offer experience that will enhance our capabilities as we expand our loan offerings across a national footprint.”

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.

The Bancorp, Inc.
Media Relations
Rachel Weiss, 302-385-5410
AVP Marketing & Communications Manager
rweiss@thebancorp.com
or
Investor Relations
Andres Viroslav, 215-861-7990
Director of Investor Relations
aviroslav@thebancorp.com

Source: The Bancorp, Inc.