Bancorp sets $2.5M severance for departing commercial lending head Jeffrey Nager

Bancorp, Inc.

Jeffrey Nager, Head of Commercial Lending at The Bancorp Bank, N.A., receives a $2.5M lump-sum severance, payable within 30 days of the Oct. 10, 2026 effective date.
Nager's position was eliminated Oct. 1, 2026 as part of a restructuring of business and support functions; he forfeits 2026 equity incentive awards and any annual bonus.
Agreement includes a general release, one-year non-solicitation of clients and employees, non-disparagement and confidentiality clauses, plus up to six months of outplacement services.
Health coverage runs through Oct. 31, 2026 with COBRA eligibility; other group benefits end Oct. 1. Offer expires Nov. 18, 2026 and is revocable within seven days of signing.

item 5.02 item 9.01

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Departed

Jeffrey Nager

Head of Commercial Lending

TBBK · Bancorp, Inc.

Effective: 2026-10-01
Filed: October 8, 2026, 4:05 PM ET

Jeffrey Nager, the Bank’s Head of Commercial Lending, would depart the Bank on October 1, 2026.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey Nager departed as Head of Commercial Lending at Bancorp, Inc..

Action: depart
Role: Head of Commercial Lending

Exact text from the filing

Jeffrey Nager, the Bank’s Head of Commercial Lending, would depart the Bank on October 1, 2026.

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Source: SEC EDGAR

accession 0002039852-26-000125

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