The Bancorp news and trends

Bancorp Changes Status to National Bank Charter, Moves to South Dakota
Digital-First Banking // September 20, 2022

The Bancorp Bank is dropping its Delaware charter to become a national bank and is now regulated by the Office of the Comptroller of the Currency (OCC) as the financial services firm relocates its headquarters from Wilmington, Delaware to Sioux Falls, South Dakota. President and...

ACI Taps Bancorp, Visa For Real-Time Payments
B2B Payments // January 21, 2020

ACI Worldwide is working with The Bancorp’s Direct Rapid Funds platform — powered by Visa Direct — for real-time corporate disbursements, The Bancorp announced on Tuesday (Jan. 21).  “The surge in demand for payments that are faster, less expensive and more accessible has created an...

The Bancorp Stuck With $11.2M Returned ACH Payment
Earnings // October 25, 2019

The Bancorp in Delaware is dealing with a potential earnings problem after an $11.2 million automated clearing house (ACH) payment was returned, according to a report by American Banker. The company, which is worth about $4.9 billion, found out about the issue on Oct. 22...

Quick Reads
Galileo and The Bancorp Expand Collaboration to Enable Instant Payments

March 04, 2024
Galileo Financial Technologies has expanded its collaboration with The Bancorp to enable instant payments. Together, the companies use the RTP® network from The Clearing House to enable instant money movement between bank accounts, allowing FinTechs and brands to give their customers fast access to their funds, Galileo said in a Monday (March 4) press release. “Consumers and businesses expect payments to be available instantly, […]

Bancorp Changes Status to National Bank Charter, Moves to South Dakota

September 20, 2022
The Bancorp Bank is dropping its Delaware charter to become a national bank and is now regulated by the Office of the Comptroller of the Currency (OCC) as the financial...

The Bancorp Stuck With $11.2M Returned ACH Payment

October 25, 2019
The Bancorp in Delaware is dealing with a potential earnings problem after an $11.2 million automated clearing house (ACH) payment was returned, according to a report by American Banker. The...