---
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"
generated_at: "2026-09-04T20:16:09.610871+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bancorp to exit SBL originations, cut 64 jobs (9% of workforce) in restructuring

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.05, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002039852-26-000121
- JSON: https://secwatch.observer/filing/0002039852-26-000121.json
- Plain text: https://secwatch.observer/filing/0002039852-26-000121.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.