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Bancorp Inc (TBBK.OQ)

TBBK.OQ on NASDAQ Stock Exchange Global Select Market

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17 Nov 2017
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Summary

Name Age Since Current Position

Daniel Cohen

47 2000 Chairman of the Board

Damian Kozlowski

51 2016 Chief Executive Officer, Director

Paul Frenkiel

63 2014 Chief Financial Officer, Executive Vice President - Strategy, Principal Accounting Officer

Hugh McFadden

2016 Chief Operating Officer

Steven Turowski

55 2015 Executive Vice President, Chief Risk Officer

Donald McGraw

57 2014 Executive Vice President and Chief Credit Officer

Sepideh Behram

2016 Senior Vice President, Chief Compliance Officer

Thomas Pareigat

55 2011 Senior Vice President, General Counsel

John Leto

2016 Chief Administrative Officer

Pawneet Abramowski

2016 Chief Compliance Officer

Jeremy Kuiper

54 2015 Managing Director - Payment Solutions division

John Chrystal

57 2016 Director

John Eggemeyer

71 2016 Director

Shivan Govindan

2016 Director

Walter Beach

49 1999 Independent Director

Michael Bradley

70 2005 Independent Director

Matthew Cohn

45 1999 Independent Director

Hersh Kozlov

67 2014 Independent Director

William Lamb

74 2004 Independent Director

James McEntee

59 2000 Independent Director

Mei-Mei Tuan

48 2013 Independent Director

Andres Viroslav

IR Contact Officer

Biographies

Name Description

Daniel Cohen

Mr. Daniel G. Cohen is Chairman of the Board of The Bancorp, Inc. He was also named Chairman of the Board of Directors of the Company's wholly-owned subsidiary, The Bancorp Bank (the "Bank"), effective January 1, 2015. He had previously been Chairman of the Bank's Board of Directors from September 2000 to November 2003 and, from July 2000 to September 2000, had been the Bank's Chief Executive Officer. Additionally, Mr. Cohen is an Executive Vice President at The Bancorp, and oversees the commercial mortgage-backed securities origination and sales division of the Company. Since November 2013, Mr. Cohen has served as a director of FinTech Acquisition Corp., and has been its President and Chief Executive Officer since August 2014. Mr. Cohen has served as President of Cohen & Company Financial Limited (formerly Euro DeKania Management LTD), a wholly-owned subsidiary of Institutional Financial Markets, Inc. (IFMI), formerly Cohen & Company Inc., and Alesco Financial, Inc. (which merged into IFMI), investment firms specializing in credit-related fixed income investments, since September 2013. Mr. Cohen has also served since September 2013 as President and Chief Executive Officer of all businesses of IFMI arising out of or related to Europe. Mr. Cohen served as Chief Executive Officer and Chief Investment Officer of IFMI from December 2009 through September 2013, as their respective Chairman of the Board of Directors since October 2006 and as Executive Chairman from October 2006 through December 2009. Mr. Cohen was Chairman of PrinceRidge LLC, when it was consolidated with JVB Financial Group LLC into a single broker-dealer subsidiary of IFMI in October 2013. In addition, before its merger with and into Alesco Financial, Mr. Cohen served as the Chairman of the Board of Managers of Cohen Brothers LLC from 2001, as Chief Investment Officer from October 2008 and as Chief Executive Officer from December 2009.

Damian Kozlowski

Mr. Damian Kozlowski has been appointed as Chief Executive Officer, Director of the Company, effective June 1, 2016. He has been President, Director of the Bank. Mr. Kozlowskihas served as CEO, President and a director of Modern Bank, N.A. from 2010 until May 2016. From 2008 through 2009 he was the CEO of Alpha Capital Financial Group, Inc., a private equity firm he founded. Before that, from 2000 through 2006, he served in executive capacities with the Citigroup Private Bank as the CEO of its Global Private Bank (2005-2006), President of its US Private Bank (2002-2005), Chief Operating Officer and Chief Financial Officer of Citigroup Private Bank (2001- 2002), and its Global Head of Business Development and Strategy (2000-2001). Previously, from 1998-1999, he was a Managing Director of Bank of America Securities, an investment bank. Mr. Kozlowski, was chosen by boards of directors of the Company and the Bank because of his extensive banking and financial experience.

Paul Frenkiel

Mr. Paul Frenkiel is Chief Financial Officer, Executive Vice President - Strategy, Principal Accounting Officer of the company. From November 2000 through October 2008 he was Chief Financial Officer and Executive Vice President of Republic First Bancorp Inc. From January 2005 through September 2009, Mr. Frenkiel also served as Chief Financial Officer and in other capacities for First Bank of Delaware, which was spun off from Republic First Bancorp Inc. Additionally, he served as Chief Financial Officer of JeffBanks, Inc., from 1987 through its acquisition by Hudson United Bancorp in 2000, and also served as Chief Financial Officer at Dominion Bank. A chartered bank auditor and certified public accountant, Mr. Frenkiel is a member of the American Institute of Certified Public Accountants.

Hugh McFadden

Mr. Hugh McFadden is Chief Operating Officer of the Company. McFadden will have the oversight of Loan Operations, Retail Operations, Information Technology, and all Credit, Compliance, and Risk Management functions. McFadden served as a Consultant for Promontory Financial Group on regulatory compliance issues. Past roles include Chief Operating Officer and Chief Risk Officer of Modern Bank, N.A., where he played a leading role in regulatory remediation efforts, the development of a compliance risk management program, and the introduction of an enterprise risk management system. McFadden also served in various capacities within The Citigroup Private Bank, including as Chief Operating Officer for both the Americas and Europe divisions. Prior to that, he held various executive roles with Bankers Trust Company. He began his career with the U.S. Treasury Department and the Export Import Bank of the U.S.

Steven Turowski

Mr. Steven Turowski is Executive Vice President, Chief Risk Officer of The Bancorp, Inc. He was Senior Risk Manager and Managing Director of the Asset Servicing Division (an asset custodian and administrator) of BNY Mellon from July 2010 until he joined Bancorp and the Bank, and from January 1998 until July 2010 was the Chief Risk Officer at PNC Global Investment Servicing and a Senior Vice President and Managing Director of PFPC Distributors (each a predecessor of BNY Mellon’s Asset Servicing Division). Previously, Mr. Turowski served in executive capacities at Deutsche Bank (formerly Bankers Trust Company) and the Seligman Data Corporation in their mutual fund and shareholder services areas.

Donald McGraw

Mr. Donald F. McGraw, Jr., was Executive Vice President and Chief Credit Officer of the Company. Mr. McGraw is also responsible for implementing credit policy, serving as senior member of the Loan Committee, and acts in the capacity of Assistant Secretary to the Board of Directors. Additionally, he has served as Regulatory Examination Manager, supervising all examinations conducted by the FDIC and the State of Delaware. From 1986 through 1998, he was Senior Vice President, Credit Administration, for Jefferson Bank. From 1977 to 1986, he was a bank examiner at the FDIC.

Sepideh Behram

Ms. Sepideh Behram is Senior Vice President, Chief Compliance Officer of the Company. In her new role, Behram will oversee the organization's entire Compliance Risk Management Program, ensuring best-in-class consumer protection within The Bancorp and among its third-party partners and service providers. Prior to joining The Bancorp, Behram served as Vice President of Global Compliance and Ethics for Global Corporate Payments at American Express, and as Chief Compliance Officer at Travelex Global Business Payments NA. She also served as the Senior Compliance Counsel in the Center for Regulatory Compliance Section of the American Bankers Association (ABA), overseeing regulatory efforts in Anti-Money Laundering and Bank Secrecy Act matters by issuing comment letters and engaging the industry in discussions on proposed legislation. Previous to the ABA, Behram served as Director of Global Anti-Money Laundering for E*TRADE Financial and as Deputy Chief Compliance Officer for E*TRADE Bank, along with several roles at Monroe Bank and Trust in Monroe, Michigan, including Second Vice President and Special Assets Manager, overseeing commercial loan workouts and collections. Behram has a J.D. from Michigan State University School of Law and a B.A. in Political Science from George Washington University. She is a member of the District of Columbia and Michigan Bars, as well as the American Bar Association.Behram is the Chair of the ABA's CAFP Advisory Board and Co-Chair of the US Capital Chapter of ACAMS.

Thomas Pareigat

Mr. Thomas G. Pareigat is Senior Vice President, General Counsel of the Company. He leads the Company's Legal, Compliance and Third-Party Risk Management division. From 2003 to 2005 and from 2007 to 2011 he was a partner in the Minneapolis, Minnesota law firm of Lindquist & Vennum PLLP, where he concentrated his practice on banking law and regulatory compliance matters as a member of the firm's Financial Institutions Practice Group. During his tenure at the firm, he served as Senior Vice President and Regulatory Counsel for Marshall BankFirst Corp. From 2001 to 2003, Mr. Pareigat was Vice President and Corporate Counsel for Marquette Bancshares, Inc. and its subsidiary banks until their acquisition by Wells Fargo. From 1989 to 2001 he served as Senior Attorney with Bankers Systems, Inc. (now Wolters Kluwer Financial Services). A frequent speaker on emerging risk issues within the financial services industry, Mr. Pareigat serves on the Editorial Board of the American Bankers Association's Bank Compliance magazine, and the faculty of the ABA's National Compliance School and Graduate School for Compliance Risk Management.

John Leto

Mr. John Leto is Chief Administrative Officer of the Company. Leto will oversee Operations Services, Marketing, Public Relations and Investor Relations, as well as Human Resources, Organization Development, and all Sales Effectiveness and Practice Management programs. Previously, Leto served as Senior Vice President and Head of National Sales of Wealth Management at TD Bank where he managed the sales expansion strategy throughout the U.S. footprint. Before joining TD Wealth, Leto was President and Chief Executive Officer of Standard Chartered Americas Private Bank and Chairman, President, and Chief Executive Officer of StanChart Securities International. As part of Standard Chartered's U.S. Executive Committee he was responsible for all Wealth Management businesses within the U.S. and Latin America. He also held several senior management roles at Citigroup, where he served as The Citigroup Private Bank's Chief Administrative Officer with responsibility for the U.S., Latin America, Asia, Europe, and the Middle East.

Pawneet Abramowski

Ms. Pawneet Abramowski is Chief Compliance Officer of the Company. She will assume a wide range of compliance duties, including overseeing The Bancorp's Consumer Compliance Risk Management Program in addition to her current oversight of Financial Crimes Risk Management activity. Prior to joining The Bancorp in 2014, Abramowski served as the Director of Anti-Money Laundering Compliance at CIT, where she also provided oversight and guidance for the execution of a global AML Risk Framework and other compliance-related initiatives. Prior to CIT, she was Senior AML Compliance Officer at RBC Capital Markets, and Global Director – AML Group at Morgan Stanley. She has also worked as an Intelligence Officer for the Federal Bureau of Investigation, an Investigator for the New York State Office of the Attorney General, and a Fraud Investigator for the New York City Human Resources Administration.

Jeremy Kuiper

Mr. Jeremy L. Kuiper is the Managing Director - Payment Solutions division of the Company. He joined the company in 2007. Previously, he served as Director of Financial Management, Operations and Credit Risk Management at BankFirst and served in other positions at that company between 2000 and 2004. From 1997 through 2000, he served as Senior Vice President of United Credit National Bank where he oversaw card products. From 1994 through 1997, he served as Senior Vice President of specialized card services, where he was responsible for all information services, customer service and other aspects of card management. Mr. Kuiper is an in-demand industry panelist/speaker and participates on many boards, including the Network Branded Prepaid Card Association, of which he is a former Chairman.

John Chrystal

Mr. John C. Chrystal is Director of the Company. He is no longer Interim Chief Executive Officer effective May 31, 2016. He was Independent Director of Bancorp, Inc. Mr. Chrystal has been active in domestic and global financial markets for over 25 years, with extensive experience in risk management, structured finance, trading, credit, and derivative products. Mr. Chrystal has been a director of Javelin Mortgage Investment Corp. since July, 2012. Mr. Chrystal has been an independent director of Morgan Stanley Derivative Products Inc., a specialized derivative product company established by Morgan Stanley, since 2010 and has served as an independent director and member of the audit committee of the Trust for Advised Portfolios (formerly Ziegler Lotsoff Capital Management Investment Trust, LLC) since 2010. Since early 2009, Mr. Chrystal has advised multiple companies concerning restructuring of their credit derivative portfolios, including a successful restructuring of a multi-billion-dollar credit default swap portfolio managed by Primus Asset Management, a subsidiary of Primus Guaranty, Ltd. From 2005 through 2008, Mr. Chrystal was Chief Risk Officer and Head of Structured Products for DiMaio Ahmad Capital, an investment management firm specializing in credit-focused hedge funds and collateralized loan obligation funds. From 1993 through 2005, Mr. Chrystal held several senior positions in London and New York with Credit Suisse, Credit Suisse Financial Products and Credit Suisse Asset Management. These positions included Head of Credit Products Europe, Global Head of Structured Credit Products, and Global Head of CDO’s and Liability Management. Mr. Chrystal served as a member of several risk management and operating committees in both Credit Suisse and Credit Suisse Asset Management. Mr. Chrystal began his Wall Street career in 1985 at Bankers Trust Company, where he focused on derivative product development, including the first credit default swaps, and mortgage-related derivative products.

John Eggemeyer

Mr. John M. Eggemeyer is the Director of the Company. Mr. Eggemeyer is a representative of Castle Creek Capital ("Castle Creek Capital") and Mr. Govindan is a representative of Pilgrims & Indians Capital LLC ("P&I"). As disclosed by the Company on August 8, 2016 in its 8-K filing on that date (the "Prior 8-K"), each of Castle Creek Capital and P&I are parties to side letters to the Securities Purchase Agreement dated August 5, 2016, among the Company and certain investors (the "Securities Purchase Agreement"). The Securities Purchase Agreement is attached as Exhibit 10.1 to the Prior 8-K. Pursuant to the side letters, forms of which are attached to the Securities Purchase Agreement as Exhibits F and H, respectively, each of Castle Creek Capital and P&I are entitled to have one representative appointed to the Company's and the Bank's Board of Directors for so long as each of Castle Creek Capital and P&I, together with their respective affiliates, owns, in the aggregate, 4% or more of all of the outstanding shares of the Company's common stock.

Shivan Govindan

Mr. Shivan Govindan is the Director of the Company. He is Managing Member of P&I. In connection with the private placement and related transactions set forth in the Securities Purchase Agreement and the side letter, P&I received a $250,000 structuring fee from the Company for its role in the private placement. P&I also purchased an aggregate of approximately $11.9 million of common and mandatorily convertible preferred securities in the private placement.

Walter Beach

Mr. Walter T. Beach is Independent Director of The Bancorp, Inc. Mr. Beach has served as Managing Director of Beach Investment Counsel, Inc. since 1997. Previously, Mr. Beach was a Senior Analyst and Director of Research at Widmann, Siff and Co., Inc., an investment management firm where he was, beginning in 1994, responsible for the firm's investment decisions for its principal equity product. Mr. Beach has served as an analyst at both Essex Financial Group and Industry Analysis Group, and since 2005 has served as a director of Resource Capital Corp., a real estate investment trust. Mr. Beach has also been a director of FinTech Acquisition Corp. since November 2014 and served as a director of Institutional Financial Markets, Inc. from December 2009 to September 2013.

Michael Bradley

Mr. Michael J. Bradley is Independent Director of The Bancorp, Inc., since February 2005. Since 1998, Mr. Bradley has been a co-owner and Managing Director of BF Healthcare, Inc., a supplier of physician services to hospitals and assisted living facilities. Mr. Bradley has served on the Board of Directors of Resource America, Inc., a specialized asset management company, since 2005, and SourceCorp, a provider of business outsourcing solutions, since 1996. Mr. Bradley has also served on the Managing Board of Atlas Pipeline Partners GP, LLC, the general partner of Atlas Pipeline Partners L.P., an oil and gas pipeline company, since 2004. Previously, Mr. Bradley served as Chairman of First Executive Bank, and as Vice Chairman of First Republic Bank. Mr. Bradley is a certified public accountant.

Matthew Cohn

Mr. Matthew Cohn is Independent Director of The Bancorp, Inc., since 1999. Mr. Cohn founded and serves as Vice Chairman of The ASI Show, a leading producer of trade shows throughout the country and the recipient of prestigious awards, including the INC 500 Award twice. In addition, since 1992, Mr. Cohn has been the Chief Executive Officer of the Medical Data Institute, the Chairman of ASI Computer Systems, and the Vice Chairman of the Advertising Specialty Institute, a multi-year winner of the "Best Place to Work" award. Mr. Cohn serves on the international boards of YPO (the Young Presidents' Organization) and of the JDRF (formerly known as the Juvenile Diabetes Research Foundation). Mr. Cohn was a past board member of The Society of Independent Show Organizers and Changing Attitudes, Decisions and Environments for Kids (CADEKids).

Hersh Kozlov

Mr. Hersh Kozlov is Independent Director of The Bancorp, Inc. He has been a partner at Duane Morris LLP (an international law firm) since 2009. Previously, he was a partner at Wolf, Block, Schorr and Solis-Cohen LLP (a law firm) from 2001 to 2009. Mr. Kozlov is a member of the board of directors of Resource America, Inc. and was previously a member of the board of directors of JeffBanks, Inc., TRM Corporation, Hudson United Bank, US Healthcare Life Insurance Company, and Princeton Insurance Company. Mr. Kozlov has also served as counsel to the board of directors of US Healthcare, Inc. and was appointed by the President of the United States to be a member of the Advisory Committee for Trade Policy & Negotiations, serving in that role from 2002 to 2004.

William Lamb

Mr. William H. Lamb is Independent Director of The Bancorp, Inc., since January 2004. Mr. Lamb currently serves as Chairman of Lamb McErlane PC and directs the firm's Post-Trial and Appellate Advocacy Group. From January 2003 through January 2004, Mr. Lamb served as a Justice of the Pennsylvania Supreme Court and is the only former Pennsylvania Supreme Court Justice currently in practice. Mr. Lamb has been recognized as a Top 100 Pennsylvania Super Lawyer for appellate law and as a Pennsylvania Super Lawyer since 2005. Mr. Lamb previously served as director and corporate secretary of JeffBanks, Inc. and Jefferson Bank until their acquisition by Hudson United Bank in 1999. Since 2004, Mr. Lamb has been appointed to the President's Advisory Committee on the Arts, the Commonwealth of Pennsylvania's Court of Judicial Discipline, and the Pennsylvania Elections Reform Task Force.

James McEntee

Mr. James Joseph McEntee, III, is Independent Director of The Bancorp, Inc. Since August 2014, Mr. McEntee has been the Chief Operating Officer and Chief Financial Officer of FinTech Acquisition Corp. Mr. McEntee was the Chief Executive Officer of Alesco Financial, Inc. from its incorporation in 2006 until its merger with Cohen & Company in December 2009 and was the Chief Operating Officer of Cohen & Company from March 2003 until December 2009, and was a managing director of Institutional Financial Markets, Inc. (a successor company to Cohen & Company) through October 2013. Previously, Mr. McEntee served as Vice Chairman and Co-Chief Operating Officer of PrinceRidge through October 2013, and also served as a principal in Harron Capital, L.P., a media and communications venture capital fund. From 1990 through 1999, Mr. McEntee was a stockholder at Lamb McErlane PC, and, from 2000 until 2004, was of counsel to Lamb McErlane. Mr. McEntee was previously a director of Pegasus Communications Corporation, a publicly held provider of communications and other services.

Mei-Mei Tuan

Ms. Mei-Mei Tuan is Independent Director of the Company. Ms. Tuan is the co-founder and managing partner of Notch Partners LLC, a firm providing leadership capital and management-led buyout strategies exclusively for institutional leveraged buyout funds. As an investment banker with Goldman Sachs, BankAmerica and BankAustria, Ms. Tuan led domestic and international transactions in project finance, mergers and acquisitions, real estate, syndications and sale leasebacks. Ms. Tuan's operating experience includes serving as Chief Financial Officer and Chief Operating Officer at the Sierra Foundation, from 1996 through 1997, and the San Francisco Food Bank, from 1997 through 1998. Ms. Tuan is an active board member of Friends of Thirteen, Montclair Kimberley Academy, and the Harvard Business School Asian-American Association (HBS4A). She has also served recently on boards for the Wellesley College Alumnae Association, New Jersey Women's Forum, New Jersey Network (NJN), Museum of Chinese in America (MOCA), Mid-Manhattan Performing Arts Foundation, and New Jersey Wellesley Club, in which she was President. Ms. Tuan is a member of Business Leadership Council (BLC) at Wellesley, New Jersey Women's Forum, and the Committee of 100--an international, non-profit, non-partisan membership organization that brings Chinese-American perspective to issues concerning US-China relations.

Andres Viroslav