Jeff Nager Named Director of Government Guaranteed Lending at The Bancorp

WILMINGTON, Del.--(BUSINESS WIRE)--

The Bancorp, Inc. TBBK has named Jeff Nager as Senior Vice President and Director, Government Guaranteed Lending. Mr. Nager has built a 20-year career in SBA/Small Business Lending and brings a wide range of banking expertise to the company.

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"Jeff has an excellent reputation in the SBA community with the experience, skillset, and proven track record to help The Bancorp achieve its goal of becoming a top National SBA lender," said Donald Tyson, Senior Vice President, and Senior Credit Officer, The Bancorp. "With more than 20 years of SBA lending experience, Jeff is well suited to lead this important business for The Bancorp."

Mr. Nager comes to The Bancorp from SunTrust Bank, where he led the SBA lending team for more than 5 years. Prior to joining SunTrust Bank, Mr. Nager held SBA-focused leadership positions at Wells Fargo, Community South Bank, and several other national SBA Lenders throughout his career.

"I am excited to join such an outstanding team at The Bancorp," said Nager. "It is an exciting time for The Bancorp under the new leadership of Damian Kozlowski and I look forward to continuing the growth of The Bancorp's SBA lending business."

Mr. Nager is currently a Board Member for the National Association of Government Guaranteed Lenders (NAGGL), the trade organization for SBA 7(a) lending. He is a member of the Executive Committee of the Board and leads the Large Bank Committee. Previously, Jeff was also part of the Small Bank and Region IV (Southeast) Committees.

Mr. Nager will lead The Bancorp's national SBA team from its new SBA location in Raleigh, NC.

About The Bancorp

With operations in the US and Europe, The Bancorp, Inc. TBBK is dedicated to serving the unique needs of non-bank financial service companies, ranging from entrepreneurial start-ups to those on the Fortune 500. The company's primary subsidiary, The Bancorp Bank (Member FDIC, Equal Housing Lender), has been repeatedly recognized in the payments industry as the Top Issuer of Prepaid Cards (US), a top merchant sponsor bank, and a top ACH originator. Specialized lending distinctions include National Preferred SBA Lender, a leading provider of securities-backed lines of credit, and one of the few bank-owned commercial leasing groups in the nation. For more information, please visit www.thebancorp.com.

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