{"id":761843,"date":"2023-06-06T09:24:02","date_gmt":"2023-06-06T13:24:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-bancorp-bank-n-a-shares-growth-of-its-wholesale-purchase-program\/"},"modified":"2023-06-06T09:24:02","modified_gmt":"2023-06-06T13:24:02","slug":"the-bancorp-bank-n-a-shares-growth-of-its-wholesale-purchase-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-bancorp-bank-n-a-shares-growth-of-its-wholesale-purchase-program\/","title":{"rendered":"The Bancorp Bank, N.A. Shares Growth of its Wholesale Purchase Program"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>The Bancorp Bank, N.A. Shares Growth of its Wholesale Purchase Program<\/b><\/p>\n<p class=\"bwalignc\"><i>The program has completed $229M in deals with independent lenders, lessors, and other financial institutions<\/i><\/p>\n<p>SIOUX FALLS, S.D.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThrough its Commercial Lending business, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.thebancorp.com%2F&amp;esheet=53415905&amp;newsitemid=20230606005729&amp;lan=en-US&amp;anchor=The+Bancorp+Bank%2C+N.A.&amp;index=1&amp;md5=c0ccfd333315ea8492c16c0b7371fd61\">The Bancorp Bank, N.A. <\/a>(\u201cBank\u201d), a wholly-owned subsidiary of The Bancorp, Inc. (\u201cCompany\u201d) (NASDAQ: TBBK), processed over $229M of wholesale transactions through its Wholesale Purchase Program. With the inclusion of Wholesale Leasing, the all-encompassing program launched in 2020 and offers bank and non-bank lenders the opportunity to sell individual or portfolios of loans and leases to the Bank to optimize balance sheets and gain liquidity.<\/p>\n<p>\n\u201cBy implementing the Wholesale Purchase Program, The Bancorp Commercial Lending is uniquely positioned to help financial institutions, and businesses reduce balance sheet risk and free up assets,\u201d said Jeff Nager, Executive Vice President of Commercial Lending. \u201cWith our model of buying loans and leases, our partners can retain the servicing of the transaction with their client base and generate the liquidity necessary to move their business forward.\u201d<\/p>\n<p>\nAfter its initial success, the program continued to grow, with transactions processed increasing 79% over 2021 and 2022. Through the program, the Bank offers a transaction-based sale with no borrower deposit or past lending relationship required. By offering established pricing and exact closing dates, sellers can have a clear view of how much liquidity they will have access to and when all while maintaining control of their client base.<\/p>\n<p>\n\u201cOur team continually looks for new opportunities to provide our partners with the lending services they need to continue to be successful,\u201d said Tee Shipmon, Director, Wholesale Markets. \u201cThe growth we have seen by offering a secondary market indicates a need for this service in the marketplace. With this program, we aim to be a true partner that helps generate liquidity and premiums without fear of competition.\u201d<\/p>\n<p>\nPowered by The Bancorp Banks\u2019s unique operational model, the Wholesale Purchase Program is one of several innovative banking products the Bank offers to help partners build, grow, and maintain their businesses. The Bank is a leading payments industry sponsor bank as the #1 Issuer of Prepaid Cards (<i>Nilson, May 2022<\/i>) and a top ACH-Originating Bank (<i>NACHA, 2021)<\/i>. The Bank also offers wealth management professionals and their clients, access to banking solutions and provides institutions white-label lending and leasing through The Bancorp Alliance programs, among other products. With intent, the Bank remains a backend partner to businesses by delivering technology-forward products with a superior level of service.<\/p>\n<p>\nFor more information about the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fsmallbizlending.thebancorp.com%2Fsbl%2Fwholesale-loan-purchase-program%2F&amp;esheet=53415905&amp;newsitemid=20230606005729&amp;lan=en-US&amp;anchor=Wholesale+Loan+Purchase+Program&amp;index=2&amp;md5=860260518c714d31b50a077ee34d163a\">Wholesale Loan Purchase Program<\/a> and the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fleasing.thebancorp.com%2Fleasing%2Fwholesale-lease-purchase-program%2Fprogram-overview%2F&amp;esheet=53415905&amp;newsitemid=20230606005729&amp;lan=en-US&amp;anchor=Wholesale+Lease+Purchase+Program&amp;index=3&amp;md5=f0235885380555d52c6d821c1e6705e4\">Wholesale Lease Purchase Program<\/a>, contact Chris Cinousis (<a rel=\"nofollow\" href=\"mailto:ccinousis@thebancorp.com\">ccinousis@thebancorp.com<\/a>), Director, Wholesale Origination.<\/p>\n<p><b><span class=\"bwuline\">About The Bancorp<\/span><\/b><\/p>\n<p>\nThe Bancorp Inc. (NASDAQ: TBBK), through its subsidiary, The Bancorp Bank, N.A., provides non-bank financial companies with the people, processes, and technology to meet their unique banking needs. With over 20 years of experience, The Bancorp delivers partner-focused solutions paired with cutting-edge technology for companies that range from entrepreneurial startups to Fortune 500 companies. Through its <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fthebancorp.com%2Fsolution%2Ffintech-solutions%2F&amp;esheet=53415905&amp;newsitemid=20230606005729&amp;lan=en-US&amp;anchor=Fintech+Solutions%2C&amp;index=4&amp;md5=3a8b0822316ec625ef9249aaf8f87850\">Fintech Solutions,<\/a><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fthebancorp.com%2Fsolution%2Finstitutional-banking%2F&amp;esheet=53415905&amp;newsitemid=20230606005729&amp;lan=en-US&amp;anchor=Institutional+Banking&amp;index=5&amp;md5=a62ce86a1a96bcfab85ca9058a3a2122\">Institutional Banking<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fthebancorp.com%2Fsolution%2Fcommercial-lending%2F&amp;esheet=53415905&amp;newsitemid=20230606005729&amp;lan=en-US&amp;anchor=Commercial+Lending&amp;index=6&amp;md5=629c6f1e58cd7e2f6e8075dcda4998ff\">Commercial Lending<\/a>, and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.thebancorp.com%2Fsolution%2Freal-estate-bridge-lending%2F&amp;esheet=53415905&amp;newsitemid=20230606005729&amp;lan=en-US&amp;anchor=Real+Estate+Bridge+Lending&amp;index=7&amp;md5=d39b7b159b76fe70e6ec79f0a7825977\">Real Estate Bridge Lending<\/a> businesses, The Bancorp is the third-largest Bank by asset in South Dakota, earning recognition as the #1 issuer of prepaid cards in the U.S., a nationwide provider of bridge financing for real estate capital improvement plans, an SBA National Preferred Lender, a leading provider of securities-backed lines of credit, and one of the few bank-owned commercial vehicle leasing groups in the country. With a company-wide commitment to excellence, The Bancorp is recognized as the top-ranked publicly traded Bank with assets between $5B-$50B by Bank Director Magazine, a Readers\u2019 Choice Top 50 Employer by Equal Opportunity Magazine and was selected to be included in the S&amp;P Small Cap 600. For more about The Bancorp, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fthebancorp.com%2F&amp;esheet=53415905&amp;newsitemid=20230606005729&amp;lan=en-US&amp;anchor=https%3A%2F%2Fthebancorp.com%2F&amp;index=8&amp;md5=309d33d7b9b6e773b1bdd5584ab606fb\">https:\/\/thebancorp.com\/<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230606005729r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230606005729\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230606005729\/en\/<\/a><\/span><\/p>\n<p><b><i><span class=\"bwuline\">Media Relations<br \/>\n<\/span><\/i><span class=\"bwuline\"><br \/><\/span><\/b>Rachel Weiss, Director of Strategic Communication<br \/>\n<br \/>(302) 385-5410<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:rweiss@thebancorp.com\">rweiss@thebancorp.com<br \/>\n<\/a><\/p>\n<p>Kathleen Hayn, AVP, Media Relations Specialist<br \/>\n<br \/>(302) 385-5183<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:kahayn@thebancorp.com\">kahayn@thebancorp.com<br \/>\n<\/a><\/p>\n<p><b><i><span class=\"bwuline\">Investor Relations<br \/>\n<\/span><\/i><span class=\"bwuline\"><br \/><\/span><\/b>Andres Viroslav, Director of Investor Relations<br \/>\n<br \/>(215) 861-7990<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:aviroslav@thebancorp.com\">aviroslav@thebancorp.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America South Dakota<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Accounting Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230606005729\/en\/436594\/3\/TBBK_NEW_LOGO.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>The Bancorp Bank, N.A. Shares Growth of its Wholesale Purchase Program The program has completed $229M in deals with independent lenders, lessors, and other financial institutions SIOUX FALLS, S.D.&#8211;(BUSINESS WIRE)&#8211; Through its Commercial Lending business, The Bancorp Bank, N.A. (\u201cBank\u201d), a wholly-owned subsidiary of The Bancorp, Inc. (\u201cCompany\u201d) (NASDAQ: TBBK), processed over $229M of wholesale transactions through its Wholesale Purchase Program. With the inclusion of Wholesale Leasing, the all-encompassing program launched in 2020 and offers bank and non-bank lenders the opportunity to sell individual or portfolios of loans and leases to the Bank to optimize balance sheets and gain liquidity. \u201cBy implementing the Wholesale Purchase Program, The Bancorp Commercial Lending is uniquely positioned to help financial institutions, and businesses reduce &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-bancorp-bank-n-a-shares-growth-of-its-wholesale-purchase-program\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Bancorp Bank, N.A. Shares Growth of its Wholesale Purchase Program&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-761843","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Bancorp Bank, N.A. 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(\u201cCompany\u201d) (NASDAQ: TBBK), processed over $229M of wholesale transactions through its Wholesale Purchase Program. With the inclusion of Wholesale Leasing, the all-encompassing program launched in 2020 and offers bank and non-bank lenders the opportunity to sell individual or portfolios of loans and leases to the Bank to optimize balance sheets and gain liquidity. \u201cBy implementing the Wholesale Purchase Program, The Bancorp Commercial Lending is uniquely positioned to help financial institutions, and businesses reduce &hellip; Continue reading &quot;The Bancorp Bank, N.A. 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(\u201cCompany\u201d) (NASDAQ: TBBK), processed over $229M of wholesale transactions through its Wholesale Purchase Program. With the inclusion of Wholesale Leasing, the all-encompassing program launched in 2020 and offers bank and non-bank lenders the opportunity to sell individual or portfolios of loans and leases to the Bank to optimize balance sheets and gain liquidity. \u201cBy implementing the Wholesale Purchase Program, The Bancorp Commercial Lending is uniquely positioned to help financial institutions, and businesses reduce &hellip; Continue reading \"The Bancorp Bank, N.A. Shares Growth of its Wholesale Purchase Program\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/the-bancorp-bank-n-a-shares-growth-of-its-wholesale-purchase-program\/","og_site_name":"Market Newsdesk","article_published_time":"2023-06-06T13:24:02+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230606005729r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-bancorp-bank-n-a-shares-growth-of-its-wholesale-purchase-program\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-bancorp-bank-n-a-shares-growth-of-its-wholesale-purchase-program\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"The Bancorp Bank, N.A. 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