The Bancorp, Inc., through its subsidiary, The Bancorp Bank, N.A., appointed Dwayne Allen to the Company’s Board of Directors, effective January 1, 2025. The addition of Allen will help drive the ongoing growth of The Bancorp.

Allen brings more than 25 years of senior leadership experience in technology and digital transformation, spanning a variety of global industries. Since 2021, he has served as Senior Vice President and Chief Technology Officer at Unisys, a global information technology services company. Prior to Unisys, Allen was a Global Digital Strategist at Microsoft from 2019 to 2021, and held the position of Vice President and Chief Information Officer for Masonite International from 2017 to 2019.

“I am honored to join The Bancorp Board of Directors and look forward to future collaboration with this talented group,” said Allen. “Together, we have an exciting opportunity to drive meaningful progress and innovation.”

Throughout his career, Allen has held several leadership roles in information technology, including Division Chief Information Officer at Cummins Inc., Vice President of Information Technology at Fifth Third Bank, and Vice President and Division Chief Information Officer at Wells Fargo. He is also currently on the board of directors of Cross Country Healthcare.

“Dwayne’s experience and expertise in information technology bring valuable perspective, which I am confident will help guide The Bancorp’s innovation,” said Damian Kozlowski, Chief Executive Officer and President at The Bancorp. “His appointment underscores our commitment to strategic growth and delivering exceptional value to our partners and investors.”