BANCORP, INC. (NASDAQ:TBBK) Files An 8-K Other EventsItem 8.01Other Events.
On October 18, 2017, First Bank and Delanco Bancorp, Inc. (the “Company”) issued a joint press release announcing that First Bank and the Company have entered into a definitive agreement and plan of reorganization to which First Bank will acquire the Company and the Company’s wholly-owned subsidiary, Delanco Federal Savings Bank, will merge with and into First Bank. The joint press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01Financial Statements and Exhibits.
Delanco Bancorp, Inc. ExhibitEX-99.1 2 ex_96840.htm EXHIBIT 99.1 ex_96840.htm Exhibit 99.1 NEWS RELEASE Contacts: Patrick L. Ryan James E. Igo President and CEO Chairman,…To view the full exhibit click here
About BANCORP, INC. (NASDAQ:TBBK)
The Bancorp, Inc. is a financial holding company, which operates through its subsidiary, The Bancorp Bank (the Bank). The Bank is a chartered commercial bank located in Wilmington, Delaware and is a Federal Deposit Insurance Corporation (FDIC) insured institution. The Company operates through three segments: specialty finance, payments and corporate. The specialty finance segment includes commercial mortgage loan sales, small business administration (SBA) loans, leasing and security backed lines of credit (SBLOC), and any deposits generated by those business lines. The payments segment includes prepaid cards, card payments, automated clearing house (ACH) processing and healthcare accounts. The corporate segment includes the Company’s investment portfolio and corporate overhead, and other non-allocated expenses. Through the Bank, the Company also provides deposit generating banking services.
