WILMINGTON, Del.--(BUSINESS WIRE)--Nov. 16, 2004--The Bancorp Bank
("Bank") (Nasdaq NM:TBBK) has set the date for a special meeting of
shareholders on Wednesday, December 15, 2004 at 9:00 a.m. at the
offices of The Bancorp Bank, 1818 Market Street, 28th Floor,
Philadelphia, PA 19103. Shareholders of record for the Bank's common
shares as of November 12, 2004 are entitled to notice of and to vote
at the meeting. Shareholders will vote on the consummation of a plan
of merger under which the Bank would be reorganized as a wholly owned
subsidiary of The Bancorp, Inc ("Bancorp"). Upon consummation of the
merger, each share of the Bank's common stock would be converted into
1.15 shares of Bancorp common stock. Fractional shares would be cashed
out.
Notice Pursuant to Securities Act Rule 425
Bancorp filed a registration statement on Form S-4 with the SEC
and the Bank filed a proxy statement/prospectus, included as part of
the registration statement, with the Federal Deposit Insurance
Corporation ("FDIC"), in connection with the proposed reorganization.
The Form S-4 contains the proxy statement/prospectus and other
documents for the special meeting of shareholders of the Bank at which
time the proposed reorganization will be considered. The Form S-4
registration statement and proxy statement/prospectus contain
important information about Bancorp, the Bank, the reorganization and
related matters. Bank shareholders should read the Form S-4
registration statement and proxy statement/prospectus carefully before
they make any decision with respect to the proposed reorganization.
The Form S-4 registration statement and proxy
statement/prospectus, and all other documents filed with the SEC in
connection with the proposed reorganization are available free of
charge at the SEC's website, www.sec.gov. All documents filed with the
SEC and FDIC by Bancorp and the Bank, respectively, in connection with
the proposed reorganization are available, upon written or oral
request, at the following address or telephone number: The Bancorp,
Inc. 405 Silverside Road, Wilmington, DE 19809, Attention: Martin
Egan, Corporate Secretary, Telephone No. (302) 385-5000.
The proxy statement/prospectus, and all other documents filed with
the FDIC in connection with the proposed reorganization may be
inspected at the Registration and Disclosure Section of the FDIC at
550 Seventeenth Street, NW, Washington, D.C. 20429 (telephone (202)
898-8913). Additionally, all FDIC filings made by the Bank in
connection with the proposed reorganization are available to the
public at the Bank's website, www.thebancorp.com.
The respective directors and executive officers of Bancorp and the
Bank may be deemed to be participants in the solicitation of proxies
from the shareholders of the Bank in favor of the proposed
reorganization. Information about the directors and executive officers
of Bancorp and the Bank and their respective interests in the proposed
reorganization is available in the proxy statement/prospectus.
About The Bancorp Bank
The Bancorp Bank is an FDIC insured commercial bank that delivers
a full array of financial services and products through private-label
affinity partner programs nationwide. The private-label platform
allows non-bank companies to provide branded banking products to their
customer base.
CONTACT: The Bancorp Bank
Andres Viroslav, 215-861-7990
andres.viroslav@thebancorp.com
SOURCE: The Bancorp Bank