Bancorp, Inc.

The Bancorp, Inc. is a Delaware financial holding company whose primary, wholly-owned subsidiary is The Bancorp Bank, National Association. The Bank is a federally chartered commercial bank located in Sioux Falls, South Dakota, and is an FDIC-insured institution. The vast majority of the company's revenue and income is generated through the Bank. The business strategy focuses on Fintech Solutions, including program sponsorship, payment services, and sponsored lending. The fintech business aims to generate non-interest income and attract stable, lower-cost deposits, which are then deployed into lower-risk assets in specialized markets through the specialty lending activities of the Credit Solutions business. The company's operations include Fintech Solutions, Credit Solutions, and Other Operations. The Fintech Solutions business line is a leading fintech bank that partners with fintech innovators and other technology-focused payment-based providers. It offers a dynamic portfolio of payment and lending solutions, focusing on evolving product offerings and building a strong foundation of technology and services while maintaining regulatory compliance. This business delivers payment, deposit, and sponsored lending products that attract stable, lower-cost deposits and generate fee income. Deposits generated through these partner relationships are deployed into loan and lease products offered by both Sponsored Lending and the Credit Solutions business line. Fintech services are provided to organizations with a pre-existing customer base, with products tailored to support or complement the services these organizations provide to their customers. These services are typically provided under the name and through the facilities of each partner.