secwatch.observer — SEC 8-K summary
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Issuer:     Bancorp, Inc. (TBBK)
CIK:        0001295401
Form:       8-K/A
Filed at:   2026-10-08T20:05:36+00:00
Accession:  0002039852-26-000125
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1295401/000203985226000125/0002039852-26-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1295401/000203985226000125/tbbk8k.htm
  HTML page:      https://secwatch.observer/filing/0002039852-26-000125

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