Copyright © 2020, SNL Financial
By Arra Francia
Wilmington, Del.-based The Bancorp Inc. filed a shelf registration statement for the sale of up to $250 million of various securities from time to time.
The filing covers the sale of common stock, preferred stock, warrants, rights, units, debt securities, depositary shares and purchase contracts.
Net proceeds from the sale of the securities will be used for general corporate purposes, which may include loans, repayment or refinancing of debt, capital expenditures and working capital.