News Details

WILMINGTON, Del.--(BUSINESS WIRE)-- The Bancorp, Inc. ("Bancorp") (NASDAQ:TBBK) announced today that, in connection with its recent offering of 10 million shares of common stock, Sandler O'Neill + Partners, L.P. has exercised the underwriters' over-allotment option to purchase an additional 1.5 million shares of Bancorp's common stock, resulting in a total offering, including the over-allotment shares, of 11.5 million shares of common stock for an aggregate offering price of $66.125 million.

Bancorp has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Prospective investors should read the prospectus in that registration statement, the prospectus supplement and other documents that the Company has filed with the SEC for more complete information about the Company and the offering. Investors may obtain these documents without charge by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies of the prospectus supplement and the prospectus relating to the offering may be obtained from Sandler O'Neill + Partners, L.P., 919 Third Avenue, 6^th Floor, New York, NY 10022, (800) 635-6859.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Bancorp

The Bancorp, Inc. is a financial holding company that operates The Bancorp Bank, an FDIC-insured commercial bank that delivers a full array of financial services and products both directly and through private-label affinity partner programs nationwide. The Bancorp Bank's regional community bank division serves the needs of small and mid-sized businesses and their principals in the Philadelphia-Wilmington region.

    Source: The Bancorp, Inc.