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Stock impact report

The Bancorp, Inc. Announces Completion of $100 Million Senior Note Offering

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: Business Wire
WILMINGTON, Del.--(BUSINESS WIRE)--The Bancorp, Inc. (the “Company”) (Nasdaq: TBBK), today announced the completion of its previously announced underwritten offering and sale of its $100.0 million aggregate principal amount of 4.75% Senior Notes due 2025 (the “Notes”). The Notes were sold at par, resulting in net proceeds, after underwriting discounts and estimated offering expenses, of approximately $98.3 million.The Company intends to use the net proceeds of the offering for general corporate purposes, which may include capital to support the growth of The Bancorp Bank.Piper Sandler & Co. and Raymond James & Associates, Inc. are acting as book-running managers for the offering.This press release shall not constitute an offer to sell or a solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law Show less Read more
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