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The Bancorp, Inc. Announces Share Repurchase Plan

^{Published on 2011-09-27 05:36:49 - Market Wire}
 

WILMINGTON, Del.--([ BUSINESS WIRE ])--The Bancorp, Inc. (the "Company") (NASDAQ: TBBK) Board of Directors has adopted a Share Repurchase Plan that authorizes the Company to purchase up to 750,000 shares of its common stock, representing approximately 2.5% of the Company's current total common shares outstanding. Under the plan, the Company may make purchases from time to time through open market or privately negotiated transactions. This plan may be modified or discontinued at any time.

About The Bancorp, Inc.

The Bancorp, Inc. is a financial holding company that operates The Bancorp Bank, an FDIC-insured commercial bank that delivers a full array of financial services both directly and through private-label affinity programs nationwide. The Bancorp Banka™s regional community bank operations serve the needs of small and mid-size businesses and their principals in the Philadelphia-Wilmington region.