{"id":763481,"date":"2023-06-13T16:27:07","date_gmt":"2023-06-13T20:27:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-bancorp-and-chime-extend-partnership\/"},"modified":"2023-06-13T16:27:07","modified_gmt":"2023-06-13T20:27:07","slug":"the-bancorp-and-chime-extend-partnership","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-bancorp-and-chime-extend-partnership\/","title":{"rendered":"The Bancorp and Chime Extend Partnership"},"content":{"rendered":"

<\/p>\n

The Bancorp and Chime Extend Partnership<\/b><\/p>\n

SIOUX FALLS, S.D.–(BUSINESS WIRE<\/a>)–
\nThe Bancorp Bank, N.A., member FDIC, a wholly owned subsidiary of The Bancorp, Inc. (NASDAQ: TBBK), today announced that it has entered into a long-term extension of its private label banking services agreement with Chime Financial, Inc., a leading consumer fintech. This renewed relationship further strengthens The Bancorp\u2019s position as the leader in delivering banking sponsorship services to the U.S. challenger banking sector.<\/p>\n

\nThe renewed agreement between the two organizations ensures The Bancorp will maintain its key role as a banking partner and continue to hold Chime member deposit accounts. The partnership will enable Chime to continue to focus on designing innovative, easy-to-use, FDIC-insured banking services for everyday people.<\/p>\n

\n\u201cWe are thrilled to not only renew, but to also expand our partnership with Chime, as it solidifies our dedication to driving the future of fintech,\u201d said Ryan Harris, EVP and Head of Fintech Solutions at The Bancorp. \u201cAt The Bancorp, we are committed to embracing innovation and redefining what is possible in the world of banking. Our goal is to not only meet but exceed the needs and expectations of Chime members now and into the future,\u201d he concluded.<\/p>\n

\nWhile evolution in technology is constant and impacts how consumers connect with and use their payment accounts, consumers should not have to choose between innovation and important consumer protection. This partnership will enable Chime to continue to offer fully regulated financial services products that are beloved by millions of people across the US.<\/p>\n

\n\u201cThe Bancorp has been an important partner to Chime since the beginning,\u201d said Chris Britt, Chime CEO and co-founder. \u201cThis partnership helps enable Chime to continue to innovate and define the next generation of banking services by providing trusted, consumer-aligned financial products that help our members achieve financial peace of mind.\u201d<\/p>\n

About The Bancorp<\/b><\/p>\n

The Bancorp, Inc.<\/a> (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 Fintech Solutions<\/a>, Institutional Banking<\/a>, Commercial Lending<\/a>, and 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&P Small Cap 600. For more about The Bancorp, visit https:\/\/thebancorp.com\/<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230613971682\/en\/<\/a><\/span><\/p>\n

Media Relations
\n<\/b>
Rachel Brick
\n
Director of Strategic Communication
\n
(302) 385-5410
\n
rbrick@thebancorp.com
\n<\/a><\/p>\n

Kathleen Hayn
\n
AVP, Media Relations Specialist
\n
(484) 888-4445
\n
kahayn@thebancorp.com
\n<\/a><\/p>\n

Investor Relations
\n<\/b>
Andres Viroslav, Director of Investor Relations
\n
The Bancorp
\n
(215) 861-7990
\n
aviroslav@thebancorp.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America South Dakota<\/p>\n

INDUSTRY KEYWORDS:<\/b> Finance Banking Accounting Professional Services Fintech<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The Bancorp and Chime Extend Partnership SIOUX FALLS, S.D.–(BUSINESS WIRE)– The Bancorp Bank, N.A., member FDIC, a wholly owned subsidiary of The Bancorp, Inc. (NASDAQ: TBBK), today announced that it has entered into a long-term extension of its private label banking services agreement with Chime Financial, Inc., a leading consumer fintech. This renewed relationship further strengthens The Bancorp\u2019s position as the leader in delivering banking sponsorship services to the U.S. challenger banking sector. The renewed agreement between the two organizations ensures The Bancorp will maintain its key role as a banking partner and continue to hold Chime member deposit accounts. The partnership will enable Chime to continue to focus on designing innovative, easy-to-use, FDIC-insured banking services for everyday people. \u201cWe … <\/p>\n

Continue reading “The Bancorp and Chime Extend Partnership”<\/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-763481","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nThe Bancorp and Chime Extend Partnership - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-bancorp-and-chime-extend-partnership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Bancorp and Chime Extend Partnership - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The Bancorp and Chime Extend Partnership SIOUX FALLS, S.D.–(BUSINESS WIRE)– The Bancorp Bank, N.A., member FDIC, a wholly owned subsidiary of The Bancorp, Inc. (NASDAQ: TBBK), today announced that it has entered into a long-term extension of its private label banking services agreement with Chime Financial, Inc., a leading consumer fintech. This renewed relationship further strengthens The Bancorp\u2019s position as the leader in delivering banking sponsorship services to the U.S. challenger banking sector. The renewed agreement between the two organizations ensures The Bancorp will maintain its key role as a banking partner and continue to hold Chime member deposit accounts. 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