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The Bancorp in Wilmington, Del., again delayed the filing of its annual report after it found $24 million in additional loan losses that should have been reported in earlier periods.
June 29 -
The $5 billion-asset company said in a press release Tuesday that Gail Ball recently served as head of the payment studies group at the Federal Reserve Bank of Richmond.
April 1 -
The Bancorp in Wilmington, Del., reported a quarterly loss as it racked up higher expenses to resolving anti-money laundering issues.
January 30
The embattled Bancorp in Wilmington, Del., has named
Turowski joins the $4.7 billion-asset company from Bank of New York Mellon, where he served as senior risk manager and managing director for the past five years. He previously held senior-level positions at PNC Global Investment Servicing and Deutsche Bank.
The prior chief risk officer was James Hilty, according to the company's
The developments come at a critical moment for The Bancorp, as the company looks to turn the corner on its recent spate of regulatory and financial troubles.
In his new job, Turowski will be responsible for overseeing The Bancorp's compliance with government regulations. He will report directly to Frank Mastrangelo, the company's chief executive.
Turowski's "years of experience in risk management within other varied corporate settings will make him an ideal fit here at The Bancorp," Mastrangelo said in a press release Tuesday.
The company was hit with a
Additionally, the company faced a possible
The Bancorp filed its 10-K on Friday. It turned a profit last year, earning $57.1 million, compared with a loss of $14.4 million in 2013, according to the filing posted on its website.
Its reports for the first two quarters of 2015 had been delayed also and were submitted this week, according to the
The company is scheduled to host a conference call Wednesday morning.
