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Bancorp Bank To Exit SBL Loan Origination By Year-End 2026; Cuts 64 Jobs, Or 9% Of Workforce; Expects $5.6M Restructuring Charges; Targets $14M Annualized Savings, Or Over $20M Including Prior Reorganization

Benzinga Newsdesk

On September 1, 2026, The Bancorp Bank, N.A. (the "Bank"), a wholly owned subsidiary of The Bancorp, Inc. (the "Company"), implemented an organizational restructuring to further align its resources and

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