The Bancorp Inc. in Wilmington, Del., said Monday that it is trying to increase its equity by $50 million.

The $2.4 billion-asset company said it would use proceeds to support "ongoing and future anticipated growth." The plan also provides the company's underwriters with a 30-day option to purchase an additional 15% to cover overallotments.

The Bancorp was well capitalized at the end of the year, with a total risk-based capital ratio of 13.24%.

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