Bancorp negotiates $50 million at-the-market sale of its common shares

Agents Cantor Fitzgerald and BTIG will each be paid a 2% commission

By Devika Patel

Knoxville, Tenn., July 11 – Bancorp, Inc. arranged a $50 million at-the-market equity sales agreement with Cantor Fitzgerald & Co. and BTIG, LLC on July 10, according to a prospectus supplement and 8-K filed Friday with the Securities and Exchange Commission.

Each agent will be paid a 2% commission.

Proceeds will be used for general corporate purposes, which may include loans, debt refinancing or repayment, capital expenditures and working capital.

Bancorp is a financial holding company based in Wilmington, Del.

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