{"schema_version":"secwatch.filing_event.v1","accession":"0002039852-26-000121","form_type":"8-K","ticker":"TBBK","cik":"0001295401","company_name":"Bancorp, Inc.","filed_at":"2026-09-04T20:15:29+00:00","discovered_at":"2026-09-04T20:16:00.476805+00:00","generated_at":"2026-09-04T20:16:09.610871+00:00","sec_items":["2.05","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Bancorp to exit SBL originations, cut 64 jobs (9% of workforce) in restructuring","bullets":["Discontinuing retail/wholesale Small Business Lending originations by end of 2026; will manage existing portfolio.","Eliminating 64 filled positions (~9% of workforce); 16 more vacated not backfilled; total 80 positions.","Expects ~$5.6M in charges, $4.5M in Q3 2026; restructuring substantially complete by Q4 2026.","Annualized run-rate savings ~$14M from these cuts; over $20M combined with prior Institutional Banking reorganization.","Jeff Nager, Head of Commercial Lending, departs Oct 1, 2026; 38,583 unvested RSUs forfeited."],"urls":{"canonical":"https://secwatch.observer/filing/0002039852-26-000121","json":"https://secwatch.observer/filing/0002039852-26-000121.json","markdown":"https://secwatch.observer/filing/0002039852-26-000121.md","text":"https://secwatch.observer/filing/0002039852-26-000121.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1295401/000203985226000121/0002039852-26-000121-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1295401/000203985226000121/tbbk8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-04T20:16:09.610871+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}