Business Context and Reporting Period
This Form 8-K filing by The Bancorp, Inc. (Delaware) reports a corporate governance event dated March 30, 2015. The report was signed on April 2, 2015, by Paul Frenkiel, Executive Vice President, Chief Financial Officer, and Secretary.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the appointment of Gail Ball as Executive Vice President and Chief Operating Officer of The Bancorp, Inc. and its subsidiary, The Bancorp Bank. Frank M. Mastrangelo remains as Chief Executive Officer.
Management Commentary and Background
Ms. Ball, age 57, brings extensive experience from the Federal Reserve Bank of Richmond (Head of Payment Studies Group, 2014-2015), Capital One (Senior Vice President-Treasury Management Operations, 2010-2014), and NCO Financial Systems (Treasurer and Vice President, 2002-2010). She also served on the Board of Directors and chaired the Risk Committee of Kompanion Financial Group from 2010 to 2014.
Investor Verification Checklist
- Confirm the effective date of Gail Ball's appointment as Chief Operating Officer.
- Verify the continued role of Frank M. Mastrangelo as Chief Executive Officer.
- Review Ms. Ball's prior compensation arrangements to ensure no conflicts of interest.
- Check subsequent filings for any changes to the executive compensation structure resulting from this appointment.