The Bancorp, Inc. has filed a final prospectus with the U.S. Securities and Exchange Commission, following the effectiveness of its registration statement on Form S-1. This filing pertains to the completion of an underwritten offering and sale of $200 million in 7.375% Senior Notes due in 2030. The raised funds, approximately $197 million after underwriting discounts but before transaction expenses, are intended for redeeming outstanding senior notes, funding a share repurchase program, and supporting general corporate purposes, including capital growth for its subsidiary, The Bancorp Bank, National Association. Piper Sandler & Co. and Raymond James & Associates, Inc. served as book-running managers for the offering.
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