NEW YORK, August 19, 2025: Morgan Lewis represented The Bancorp, Inc. (NASDAQ: TBBK) in its $200 million offering of 7.375% senior notes due 2030. The notes, which bear interest at 7.375% per annum payable semiannually beginning March 1, 2026, will mature on September 1, 2030. The Bancorp intends to use the net proceeds to redeem its outstanding 4.75% senior notes due 2025, fund its share repurchase program, and for general corporate purposes, including supporting the growth of The Bancorp Bank, N.A.
The Bancorp provides payment services and specialized lending to nonbank companies, ranging from startups to Fortune 500 enterprises.
Partners Rahul Patel and Erin Martin and associates Christina Wlodarczyk and Grace Alburger advised The Bancorp, along with partners Charles Bogel, Richard Zarin, Julie Stapel, and Christine Lombardo and associates Gena Yoo and Rachel Chiger.