The Bancorp (TBBK) in Wilmington, Del., is looking to sell up to $50 million in common stock.
The $4.7 billion-asset company disclosed in a regulatory filing Friday that it has agreements with two agents to sell the shares in the open market. Cantor Fitzgerald and BTIG are entitled to a fixed commission of 2% of the gross sales price per share for any stock they sell for the company.
The offering is based on the company's Nov. 30, 2012, registration with the Securities and Exchange Commission and a Dec. 14, 2012, prospectus.
The company disclosed last month that it will have to curtail the growth of its prepaid card business, at least temporarily, as part of an agreement with the Federal Deposit Insurance Corp.