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Stock impact report

Bancorp Bank to transfer Safe Harbor IRA portfolio to Millennium Trust for $65M [Seeking Alpha]

The Bancorp, Inc. (TBBK) 
Last the bancorp, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.thebancorp.com
Company Research Source: Seeking Alpha
The Bancorp Bank (NASDAQ: TBBK ) agrees to transfer all of its rights and obligations as custodian for Safe Harbor IRA account portfolio to Millennium Trust Co. for $65M. The transaction includes about 160,000 individual retirement accounts totaling more than $400M in deposits. The deal will help Bancorp focus on its core business growth and development and achieve core capital targets within its multi-year timeframe, CEO Damian Kozlowski says. Source: Press Release Click to subscribe to real-time analytics on TBBK Now read: Bank Of America: This 6.00% Preferred Stock Has Begun Trading On The NYSE » Subscribe for full text news in your inbox Show less Read more
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