WILMINGTON, Del.--(BUSINESS WIRE)--
The Board of Directors of The Bancorp, Inc. (NASDAQ: TBBK), and The
Bancorp Bank, today announced that Damian Kozlowski has been appointed
Chief Executive Officer of The Bancorp, Inc., President of The Bancorp
Bank and a Director of the company and the bank,effective June
1, 2016. Mr. Kozlowski succeeds Interim Chief Executive Officer John C.
Chrystal, who will work with Mr. Kozlowski to ensure a smooth
transition. Mr. Chrystal will remain a Director of both the company and
the bank.
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Damian Kozlowski joins The Bancorp as CEO, effective June 1, 2016 (Photo: Business Wire)
Daniel Cohen, The Bancorp’s Chairman of the Board and Executive Vice
President, commented, “Damian brings to The Bancorp well-rounded
knowledge of the business of banking and deep understanding of its
regulatory complexities. His experience in both smaller and larger
financial institutions has given him the unique perspective that’s
required of The Bancorp’s business model within the financial services
and technology sectors.”
According to Mr. Kozlowski, “I am eager to become part of The Bancorp, a
widely recognized leader in financial services and technology
solutions. The experience and knowledge that I bring, combined with the
expertise of the outstanding executive leadership team currently in
place, will help drive the company to achieve its fullest potential,
both fiscally and operationally.”
Mr. Kozlowski joins The Bancorp after having served, since 2010, as
Chief Executive Officer, President, and Director of Modern Bank, N.A.
Previously, Mr. Kozlowski served as Chairman and Chief Executive Officer
of Alpha Capital Financial Group, Inc. (2007-2010). From 2000 to 2007,
Mr. Kozlowski was responsible for developing The Citigroup Private
Bank’s global growth strategy to significantly build position in the
high net worth wealth management market. At Citigroup Private Bank, Mr.
Kozlowski managed 4500 employees in 98 offices in 31 countries; he
served as Chief Executive Officer, Global Private Bank (2005-2007);
President, US Private Bank (2002-2005); Chief Operating Officer and
Chief Financial Officer (2001-2002); and Global Head of Business
Development and Strategy (2000-2001). Mr. Kozlowski served as a member
of Citigroup’s Operating and Management Committees, and was the ranking
business leader on the Global Anti-Money Laundering Council. His prior
experience includes positions held at Banc of America Securities,
Marakon Associates, Rostra Holdings and US Trust, which have equipped
him with deep expertise in private equity, wealth management, and
investment banking.
As Managing Director of Payment Solutions, The Bancorp’s largest
division, Jeremy Kuiper commented, “The Bancorp is on an exciting
trajectory that will now be further fueled by Damian’s exceptional track
record. We welcome his leadership in shaping and bringing The Bancorp’s
strategic vision to fruition.”
The Bancorp is widely recognized for its dedication to serving the needs
of non-bank financial service companies, ranging from entrepreneurial
start-ups to those on the Fortune 500. With total assets of $4.379
billion, the company has over recent years strategically refocused its
services to the payments industry as well as to a handful of highly
specialized, lower-risk lending categories, including: Institutional
Banking, Government Guaranteed Lending, Commercial Fleet Leasing and
Commercial Mortgage-Backed Securitization. During this same time, the
company has made significant capital investments in fortifying its
operational infrastructure.
About The Bancorp
With operations in the US and Europe, 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 chief financial institution, 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 leasing groups in the nation. For more information, please
visit www.thebancorp.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160524005319/en/
The Bancorp, Inc.
Andres Viroslav, 215-861-7990
aviroslav@thebancorp.com
Source: The Bancorp, Inc.