The Bancorp Launches New Advisor Financing Program
New Program to Provide Funding for the Specialized Needs of Advisor Transitions
WILMINGTON, Del.–(BUSINESS WIRE)–The Bancorp, Inc. (NASDAQ: TBBK), is pleased to announce its new Advisor Financing program, offered through The Bancorp Bank. The new program is designed to meet the distinct needs of registered and independent advisors by providing conventional loans for mergers, acquisitions, debt restructuring and succession planning.
For more than 15 years, The Bancorp Institutional Banking business has helped advisors address the financing needs of their clients. Now, its new Advisor Financing program focuses on the unique funding needs of registered and independent advisors experiencing planned or unplanned practice acquisitions and sales, and internal succession planning.
To underscore its commitment to advisors, The Bancorp is tapping into the expertise of SkyView Partners, which focuses exclusively on financing for registered and independent advisors, taking them through the underwriting and loan application process and enabling them to secure competitive financing for conventional loans.
“The Advisor Financing program is an exciting addition to the Institutional Banking offering,” said John Leto, Executive Vice President and Head of Institutional Banking for The Bancorp. “This new service is an opportunity for The Bancorp to develop the industry standard for advisor transition financing. Our collaboration with SkyView Partners will both facilitate and improve advisor financing by enabling us to provide lending solutions based on a comprehensive assessment of an advisor’s financial health.”
“The Bancorp is one of the most progressive banks in the nation on several fronts and brings unique expertise of the advisory space to the table; we’re very enthusiastic about the solutions we can deliver to the advisory community via our partnership,” stated Scott Wetzel, CEO of SkyView Partners.
About The Bancorp
The Bancorp, Inc. (NASDAQ: 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.
About SkyView Partners
SkyView Partners is a Wayzata, Minnesota-based correspondent lender dedicated exclusively to supporting the entrepreneurship of independent and registered investment advisors. Acting as an advisor’s advocate, SkyView utilizes its national network of progressive, well-capitalized lenders to provide financial advisors with increased choice, flexibility, efficiency, and quality of financing rates, terms and conditions for borrowers. Via two integrated digital marketplaces – APBOE and The Lender Marketplace – SkyView, connects buyers and sellers from across the United States and provides access to a broad network of lenders in an efficient turnkey experience to search, select and finance practice M&A. For more information, visit https://www.skyview.com/ and www.apboe.com.
Contacts
Media Relations
Rachel Weiss, VP Communications Manager
(302) 385-5410
rweiss@thebancorp.com
Investor Relations
Andres Viroslav, Director of Investor Relations
(215) 861-7990
aviroslav@thebancorp.com