• The Bancorp disclosed separation terms for commercial lending head Jeffrey Nager, updating an earlier restructuring-related departure notice.
• Severance agreement signed Oct. 2 becomes effective Oct. 10 unless revoked.
• Provides a USD 2.5 million lump-sum payment within 30 days of the effective date, net of taxes and withholdings.
• Includes up to six months of outplacement services.
• Contains customary release, non-disparagement, non-solicitation, and confidentiality provisions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0002039852-26-000125), on October 08, 2026, and is solely responsible for the information contained therein.