If you browse our reviews of prepaid debit cards, you will notice that many of these cards are issued by one of several primary issuers. The Bancorp Bank is one of them.
The Bancorp Bank is one of the leading prepaid card issuers in the U.S., with over 25 million cards in active use. The Bank has almost $2 Billion of assets.
The Bancorp, Inc. (NASDAQ NM: TBBK) is a financial holding company with a wholly owned subsidiary, The Bancorp Bank. The Bank is an FDIC-insured online commercial bank that delivers a wide range of financial services and products through a network of private-label, affinity partnerships nationwide. These “branchless banking” programs enable members, employees and customers of affinity partners to access online banking services, customized for them, under the affinity partner’s brand.
When it was introduced in 2000, The Bancorp’s ability to create customized Internet banks for affinity partners set a new standard in financial services innovation. Today, The Bancorp Bank remains the only bank in the country dedicated to providing private-label banking and technology solutions for non-bank companies.
The Bancorp Bank is headquartered in Wilmington, Delaware, with offices in Philadelphia, Exton, and Warminster, PA; Crofton, MD; Orlando, FL; and Sioux Falls, SD.
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