Jimmy Duran Joins The Bancorp Small Business Lending Team Driving CRA Efforts

New Hire to Focus on the Bank's Commitment to Community and Economic Development

The Bancorp, Inc. TBBK today announces that Jimmy Duran has joined the Small Business Lending team in the role of Vice President, SBA Business Development Officer. Duran offers advanced expertise in Community Reinvestment Act (CRA) lending. He is based in Philadelphia and will provide Small Business Administration (SBA) lending expertise and services to business owners regionally and nationally across a wide range of industries.

In addition, Duran will focus on meeting the credit needs of low- and moderate-income communities within The Bancorp Bank's CRA assessment area which includes: Bucks, Chester, Delaware, Montgomery and Philadelphia counties in Pennsylvania, and New Castle County in Delaware.

Duran brings more than 20 years of experience supporting entrepreneurs and small business owners. Most recently, he served as the Director of Programs and Small Business Development for the Greater Philadelphia Hispanic Chamber of Commerce. Among his responsibilities, he formulated recommendations and solutions for aspiring entrepreneurs, current businesses and CEOs ready to scale and aligned with their capabilities.

"The Bancorp Small Business Lending team is dedicated to providing competitive and attainable funding for low- and moderate-income communities," says Jeff Nager, Executive Vice President and Head of Commercial Lending. "I am very pleased to welcome Jimmy to our team. His in-depth understanding of CRA lending, his passion for community development and his innovative approach will enhance The Bancorp's lending footprint outside of the traditional market."

The Bancorp provides Small Business Administration (SBA) loans to entrepreneurs, franchisees, and other small businesses nationwide. Contact SmallBizLending@thebancorp.com to learn more about SBA funding to fit your needs.

About The Bancorp

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 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 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 nation. For more information please visit www.thebancorp.com.

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