The Bancorp secures veteran financial services executive Damian Kozlowski as CEO and President

Damian Kozlowski has been appointed Chief Executive Officer of The Bancorp, Inc., President of The Bancorp Bank and a Director of the company and the bank,effective June 1, 2016. Mr. Kozlowski succeeds Interim Chief Executive Officer John C. Chrystal, who will work with Mr. Kozlowski to ensure a smooth transition. Mr. Chrystal will remain a Director of both the company and the bank.

I am eager to become part of The Bancorp, a widely recognized leader in financial services and technology solutions. The experience and knowledge that I bring, combined with the expertise of the outstanding executive leadership team currently in place, will help drive the company to achieve its fullest potential, both fiscally and operationally.

Damian Kozlowski, CEO and President

Damian joins The Bancorp after having served, since 2010, as Chief Executive Officer, President, and Director of Modern Bank, N.A. Previously, Damian served as Chairman and Chief Executive Officer of Alpha Capital Financial Group, Inc. (2007-2010). From 2000 to 2007, Damian was responsible for developing The Citigroup Private Bank’s global growth strategy to significantly build position in the high net worth wealth management market. At Citigroup Private Bank, Damian managed 4500 employees in 98 offices in 31 countries; he served as Chief Executive Officer, Global Private Bank (2005-2007); President, US Private Bank (2002-2005); Chief Operating Officer and Chief Financial Officer (2001-2002); and Global Head of Business Development and Strategy (2000-2001). Damian served as a member of Citigroup’s Operating and Management Committees, and was the ranking business leader on the Global Anti-Money Laundering Council. His prior experience includes positions held at Banc of America Securities, Marakon Associates, Rostra Holdings and US Trust, which have equipped him with deep expertise in private equity, wealth management, and investment banking.

Daniel Cohen, The Bancorp’s Chairman of the Board and Executive Vice President, commented, “Damian brings to The Bancorp well-rounded knowledge of the business of banking and deep understanding of its regulatory complexities. His experience in both smaller and larger financial institutions has given him the unique perspective that’s required of The Bancorp’s business model within the financial services and technology sectors.”

Damian holds an MBA in Finance and Strategic Management from The University of Pennsylvania – The Wharton School, as well as an MS in Organizational Behavior and Policy, and a BA in Political Science and Psychology, both from Boston University.