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Bancorp, Inc. – ‘8-K’ for 9/13/22

On:  Wednesday, 9/14/22, at 4:00pm ET   ·   For:  9/13/22   ·   Accession #:  950159-22-209   ·   File #:  0-51018

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/14/22  Bancorp, Inc.                     8-K:8       9/13/22   10:180K                                   Scullin Group, Inc./FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         The Bancorp, Inc. Form 8-K                          HTML     26K 
 5: R1          Cover                                               HTML     45K 
 8: XML         IDEA XML File -- Filing Summary                      XML     11K 
 6: XML         XBRL Instance -- bancorp8k_htm                       XML     14K 
 7: EXCEL       IDEA Workbook of Financial Reports                  XLSX      8K 
 3: EX-101.LAB  XBRL Labels -- tbbk-20220913_lab                     XML     96K 
 4: EX-101.PRE  XBRL Presentations -- tbbk-20220913_pre              XML     63K 
 2: EX-101.SCH  XBRL Schema -- tbbk-20220913                         XSD     12K 
 9: JSON        XBRL Instance as JSON Data -- MetaLinks               25±    33K 
10: ZIP         XBRL Zipped Folder -- 0000950159-22-000209-xbrl      Zip     15K 


‘8-K’   —   The Bancorp, Inc. Form 8-K


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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

Form  i 8-K

 

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):   i September 13, 2022

 

 i The Bancorp, Inc.

(Exact name of registrant as specified in its charter)

 

Commission File Number:   i 000-51018

 

 i Delaware    i 23-3016517
(State or other jurisdiction of   (IRS Employer
incorporation)   Identification No.)

 

 i 409 Silverside Road

 i Wilmington,  i DE  i 19809

(Address of principal executive offices, including zip code)

 

 i 302- i 385-5000

(Registrant’s telephone number, including area code)

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 i [_]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 i [_]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 i [_]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 i [_]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class  

Trading

Symbol(s)

  Name of each exchange on which registered
 i Common Stock, par value $1.00 per share    i TBBK    i Nasdaq Global Select

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

 

 i [_] Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

 

 

 

 C: 
 
 

Item 8.01 – Other Events.

As previously disclosed, The Bancorp, Inc.’s (the “Company”) wholly-owned subsidiary, The Bancorp Bank (the “Bank”), filed applications with the Office of the Comptroller of the Currency (“OCC”) to convert the Bank’s state charter to a federal charter and to relocate the Bank’s headquarters from Wilmington, Delaware to Sioux Falls, South Dakota, while retaining a branch in Wilmington, Delaware.  The referenced applications were approved by the OCC in June 2022, subject to the condition that the Bank notify and receive non-objection from the OCC prior to significantly deviating or changing its business plan or operations.  

On September 13, 2022, the Bank received written notification from the OCC acknowledging that the conversion process is complete, and that the Bank is authorized to commence business as a national bank.  Accordingly, effective September 15, 2022, the Bank will operate as a national bank named ‘The Bancorp Bank, National Association’, regulated by the OCC.  As previously disclosed, it is anticipated that, on or after January 1, 2023, the Bank will move its headquarters to Sioux Falls, South Dakota, the location of the Bank’s payments operations and other core business and internal control functions, and a site more geographically proximate to many fintech-related entities and their regulators. 

Forward-Looking Statements

 

This Current Report on Form 8-K contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by the use of forward-looking terminology such as "may," "trend," "will," "continue," "expect," "intend," "anticipate," "estimate," "believe," "look forward" or other similar words or terms. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. Factors that can affect future results include, but are not limited to, those discussed under the heading "Risk Factors" and "Management's Discussion and Analysis of Financial Condition" in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statement to reflect new or changing information or events after the date hereof or to reflect the occurrence of unanticipated events, except as may be required by law.

 C: 
 
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Date: September 14, 2022 The Bancorp, Inc.
     
  By: /s/ Paul Frenkiel
  Name: Paul Frenkiel
  Title: Chief Financial Officer and Secretary

 

 

 

 

 C: 

Dates Referenced Herein

This ‘8-K’ Filing    Date    Other Filings
1/1/23None on these Dates
9/15/22
Filed on:9/14/22
For Period end:9/13/22
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