The Bancorp Bank Background Information
Since its inception in 2000, The Bancorp Bank is a wholly-owned subsidiary of publicly held The Bancorp, Inc (NASDAQ: TBBK), and promotes its products primarily through partnership models. While there are at least one Bancorp Bank locations, the Bank has focused efforts via online channels, in providing privately branded banking and technological systems development for many non-bank corporations. Through innovation and implementation, a customized banking solution has evolved with The Bancorp’s solid partnership programs across the United States. 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. The Bancorp Bank is FDIC insured and besides their non-traditional banking relationships, they enjoy providing financial products and services to a variety of small and medium sized companies through a regional community bank platform in the Wilmington and Philadelphia markets.
The Bancorp Bank’s Business Segments
The private-label “non-banking” platform innovated by The Bancorp Bank consists of 4 primary parts – Stored-Value, Health Services, Retail/Merchant Processing and Wealth Management. The Stored-Value segment includes a heavy focus on the Prepaid Debit Card market. Under a customized branding initiative for Bancorp’s Affinity Partnerships, “branch-less banking” allows partners and their valued employees, program members and customers of partners to take advantage of the ease, convenience and efficiency of Online Banking. Bancorp has a goal to “Change the Way America Pays”(TM) through their prepaid product conduit and valued “Affinity Partnerships”.
While relying on partner feedback and improving the prepaid platform to the consumer, Bancorp’s core philosophy is focused on customer care. The Bankcorp Bank Payment Solutions Group will help partners grow their companies and achieve their goals with a wide spectrum of features including – issuing the prepaid debit card, guiding partners through the process, developing relationships with ancillary processors and fulfillment providers, customizing platforms and consulting partners to efficiently manage their programs to realize the highest ROI and program success possible.
|About The Bancorp Bank
|Stock Symbol:||NASDAQ: TBBK|
|Corporate Headquarters:||Wilmington, DE|
|Address:||409 Silverside Road, Wilmington, Delaware 19809|
The Bancorp Bank Debit Cards
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