OCC approves Bancorp Bank charter conversion to national bank effective Sept 15, 2022

Bancorp, Inc.

OCC approved The Bancorp Bank's charter conversion from state to federal; effective September 15, 2022.
Bank will operate as 'The Bancorp Bank, National Association' and be regulated by the OCC.
Headquarters move from Wilmington, DE to Sioux Falls, SD anticipated on or after January 1, 2023.
Bank will retain a branch in Wilmington, Delaware.

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