KBRA Releases Surveillance Report for The Bancorp, Inc.

Rhea-AI Summary

KBRA affirms debt ratings of The Bancorp, Inc.

Positive

• Outlook for all long-term ratings is Positive

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- On August 4, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Wilmington, Delaware based The Bancorp, Inc. (NASDAQ: TBBK) (“the company”). Additionally, KBRA affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for the lead subsidiary, The Bancorp Bank, National Association. The Outlook for all long-term ratings is Positive.

To access rating and relevant documents, click here.

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About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230825396647/en/

Bryan So, Director

+1 301-969-3246

bryan.so@kbra.com



Joe Scott, Senior Managing Director

+1 646-731-2438

joe.scott@kbra.com



Jason Szelc, Senior Director

+1 301-969-3174

jason.szelc@kbra.com



Business Development Contact

Justin Fuller, Senior Director

+1 646-731-1250

justin.fuller@kbra.com

Source: KBRA