New Hire to Focus on the Bank’s Commitment to Community and Economic
Development
WILMINGTON, Del.--(BUSINESS WIRE)--
The Bancorp, Inc. (NASDAQ: TBBK) today announces that Jimmy Duran has
joined the Small Business Lending team in the role of Vice President,
SBA Business Development Officer. Duran offers advanced expertise in
Community Reinvestment Act (CRA) lending. He is based in Philadelphia
and will provide Small Business Administration (SBA) lending expertise
and services to business owners regionally and nationally across a wide
range of industries.
In addition, Duran will focus on meeting the credit needs of low- and
moderate-income communities within The Bancorp Bank’s CRA assessment
area which includes: Bucks, Chester, Delaware, Montgomery and
Philadelphia counties in Pennsylvania, and New Castle County in Delaware.
Duran brings more than 20 years of experience supporting entrepreneurs
and small business owners. Most recently, he served as the Director of
Programs and Small Business Development for the Greater Philadelphia
Hispanic Chamber of Commerce. Among his responsibilities, he formulated
recommendations and solutions for aspiring entrepreneurs, current
businesses and CEOs ready to scale and aligned with their capabilities.
“The Bancorp Small Business Lending team is dedicated to providing
competitive and attainable funding for low- and moderate-income
communities,” says Jeff Nager, Executive Vice President and Head of
Commercial Lending. “I am very pleased to welcome Jimmy to our team. His
in-depth understanding of CRA lending, his passion for community
development and his innovative approach will enhance The Bancorp’s
lending footprint outside of the traditional market.”
The Bancorp provides Small Business Administration (SBA) loans to
entrepreneurs, franchisees, and other small businesses nationwide.
Contact SmallBizLending@thebancorp.com
to learn more about SBA funding to fit your needs.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190409005629/en/
Media Relations
Rachel Weiss, VP Communications Manager
(302)
385-5410
rweiss@thebancorp.com
Investor Relations
Andres Viroslav, Director of Investor
Relations
(215) 861-7990
aviroslav@thebancorp.com
Source: The Bancorp, Inc.