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The Bancorp in Wilmington, Del., reported a quarterly loss as it racked up higher expenses to resolving anti-money laundering issues.
January 30 -
The Bancorp in Wilmington, Del., said the Federal Deposit Insurance Corp. will assess an insurance premium surcharge after a broader ruling on the status of prepaid cards.
January 15 -
The Bancorp in Wilmington, Del., will have a new chief executive next year.
December 2
The Bancorp in Wilmington, Del., has hired a payments expert as its new chief operating officer.
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. She succeeded Frank Mastrangelo, who will remain the company's president and chief executive.
The hiring comes in the wake of significant turbulence at the company, which was
In addition to her Fed experience, Ball has served in senior management posts at financial institutions that include Capital One, NCO Financial Services, First USA, PNC Bank and Mellon Bank.
Ball's "many years of experience in different banking disciplines have made her uniquely qualified to help us meet the challenges The Bancorp faces in the ever-changing worlds of financial services and payment technologies," Mastrangelo said in the release.