The Bancorp, Inc. Announces Completion of $200.0 Million Senior Note Offering

WILMINGTON, Del.--(BUSINESS WIRE)--The Bancorp, Inc. (the “Company”) (NASDAQ: TBBK), today announced the completion of an underwritten offering and sale of its $200.0 million aggregate principal amount of 7.375% Senior Notes due 2030 (the “Notes”). The Notes were sold at par, resulting in net proceeds, after the underwriting discount, but before estimated transaction expenses, of approximately $197.0 million. The Company intends to use the net proceeds of the offering (i) to redeem or repay at