The Bancorp Pledges $1 Million Donation Toward Watershed Conservation

Rhea-AI Summary

The Bancorp Bank commits to donating $1 million over the next three years to three watershed conservation organizations.

Positive

• The Bancorp Bank is demonstrating its commitment to environmental sustainability by donating $1 million to watershed conservation organizations.
• The donations will be distributed between The New York Botanical Garden, Friends of The Big Sioux River, and the Delaware Nature Society.
• The organizations focus on protecting and improving the health of water resources in their respective areas.
• The Bancorp Bank's employees will have opportunities for engagement through these partnerships.

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• None.

WILMINGTON, Del.--(BUSINESS WIRE)-- The Bancorp Bank, N.A. (“Bank”), a wholly-owned subsidiary of The Bancorp, Inc. (“Company”) (NASDAQ: TBBK) recently committed to donating a total of $1 million to be distributed between three distinguished watershed conservation organizations over the next three years. In line with The Bancorp’s ongoing commitment to environmental sustainability, the Bank partnered with The New York Botanical Garden, Friends of The Big Sioux River, and the Delaware Nature Society, to support their invaluable work.

“At The Bancorp, we recognize the importance of preserving our watersheds and contributing to our communities,” said Damian Kozlowski, The Bancorp President and Chief Executive Officer. “By supporting these organizations, The Bancorp is taking a proactive step toward ensuring the health and well-being of our ecosystem for generations to come. I am humbled to create a meaningful environmental impact, with a particular focus on waterway conservation that directly influences the lives of our employees and their communities.”

The organizations receiving donations are each located in close proximity to three primary office locations of The Bancorp and reach a large portion of its employee population.

The New York Botanical Garden, located in New York, New York, is a champion of plant research and conservation. The organization launched the Bronx River Watershed Health & Resilience initiative to protect the native biodiversity and keep the Bronx River healthy as it is New York City’s only freshwater resource. New York Botanical Garden collaborates with other conservation organizations and volunteers to improve the health of the river and make a positive impact to its surrounding communities.

Friends of the Big Sioux River, located in Sioux Falls, South Dakota – the Bank’s headquarters, is dedicated to the protection and restoration of the Big Sioux River, its watershed, and improving the water quality through community education and building a conservation outlook. The Big Sioux River is the largest water resource for Sioux Falls and its surrounding communities.

Delaware Nature Society, with sites in Wilmington— the Company’s headquarters, Hockessin, and Milford, Delaware, focuses on the preservation of land, wildlife, and watersheds. Driven by three main pillars, education, conservation, and advocacy, the Delaware Nature Society concentrates its watershed preservation and restoration on tributaries of the Delaware River. In tandem, its wildlife and land preservation programs have a direct impact on the water quality of the Christina River, the Mispillion River, the Delaware River, and the neighboring areas.

“Our support of The New York Botanical Garden, Friends of The Big Sioux River, and the Delaware Nature Society, extends beyond environmental impact; we strive to offer our employees meaningful opportunities for engagement,” continued Kozlowski. “The Green Team, one of The Bancorp’s Employee Resource Groups, plays a key role in fostering environmental friendliness throughout the Bank and in our surrounding communities. These partnerships provide our employees with avenues for hands-on volunteerism and education.”

To learn more about The Bancorp, please visit www.thebancorp.com.

About The Bancorp

The 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 Fintech Solutions, Institutional Banking, Commercial Lending, and Real Estate Bridge Lending 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’ 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/.

Source: The Bancorp, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231017574053/en/

Media Relations

Rachel Brick, Director of Strategic Communications

(302) 385-5410

rbrick@thebancorp.com

Investor Relations

Andres Viroslav, Director of Investor Relations

The Bancorp

(215) 861-7990

aviroslav@thebancorp.com

Source: The Bancorp, Inc.

FAQ

What is The Bancorp Bank committing to?

The Bancorp Bank is committing to donating $1 million over the next three years to three watershed conservation organizations.

Which organizations will receive the donations?

The donations will be distributed between The New York Botanical Garden, Friends of The Big Sioux River, and the Delaware Nature Society.

What is the focus of these organizations?

These organizations focus on protecting and improving the health of water resources in their respective areas.

How will The Bancorp Bank's employees be involved?

The partnerships with these organizations will provide opportunities for engagement and volunteerism for The Bancorp Bank's employees.