---
schema_version: "secwatch.filing_event.v1"
accession: "0002039852-26-000125"
form_type: "8-K/A"
ticker: "TBBK"
cik: "0001295401"
company_name: "Bancorp, Inc."
filed_at: "2026-10-08T20:05:36+00:00"
generated_at: "2026-10-12T15:29:59.201911+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0002039852-26-000125
- form_type: 8-K/A
- ticker: TBBK
- cik: 0001295401
- company_name: Bancorp, Inc.
- filed_at: 2026-10-08T20:05:36+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1295401/000203985226000125/0002039852-26-000125-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1295401/000203985226000125/tbbk8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002039852-26-000125
- JSON: https://secwatch.observer/filing/0002039852-26-000125.json
- Plain text: https://secwatch.observer/filing/0002039852-26-000125.txt

## Key facts
- Executive change
  Jeffrey Nager departed as Head of Commercial Lending at Bancorp, Inc..
  - Action: depart
  - Role: Head of Commercial Lending
  source text: Jeffrey Nager, the Bank’s Head of Commercial Lending, would depart the Bank on October 1, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1295401/000203985226000125/0002039852-26-000125-index.htm

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