Flash FinanceUS
Market open S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · The Bancorp (TBBK)

Bancorp CFO Paul Frenkiel to retire; Martin Egan named interim CFO

Neutral Impact 4 of 5 leadership Written later

The Bancorp, Inc. said its Executive Vice President and Chief Financial Officer, Paul Frenkiel, is retiring, with his retirement agreement signed March 28, 2025. Chief Accounting Officer Martin Egan was appointed interim CFO while the company continues its search for a permanent successor, which it said began last year.

Key points

  • Paul Frenkiel, 72, retires as CFO and Secretary; he will consult for the company through December 31, 2025 for a $250,000 fee paid monthly
  • Martin Egan, 57, named Interim CFO on March 28, 2025 and continues as Chief Accounting Officer at a $375,000 annual base salary
  • Frenkiel's 25,561 unvested restricted stock units will vest on the one-year anniversary of his retirement date
  • The company is continuing its formal search for a successor Chief Financial Officer

The filing

CompanyThe Bancorp (TBBK)
Form8-K, current report
Filed with the SECApr 3, 2025, 4:06 PM ET
Accession number0002039852-25-000071

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:54 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 03, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.