CareFirst BlueCross BlueShield Selects The Bancorp Bank as Its Preferred HSA Provider.WILMINGTON, Del. -- The Bancorp Bank, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of The Bancorp, Inc. (Nasdaq NM:TBBK), is proud to announce that it is the preferred bank Preferred Bank (Chinese: 保富銀行) is a overseas Chinese bank in the United States. Headquartered in Los Angeles, with branch offices in Arcadia, California,Alhambra, California, Century City, Los Angeles, California, Chino, California, Diamond Bar, California, for CareFirst BlueCross BlueShield's Individual HSA HSA Health Savings Account (US) HSA Human Serum Albumin HSA Human Services Agency (Nevada) HSA Health Services Agency HSA Health and Safety Authority (Ireland) (Health Savings Account A Health Savings Account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a High Deductible Health Plan (HDHP). The funds contributed to the account are not subject to federal income tax at the time of deposit. ) program. "The Bancorp Bank is pleased to have been selected by CareFirst to offer our Health Savings Account solution to their individual plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. ," said Frank Mastrangelo, President of The Bancorp Bank. "We are able to provide CareFirst members with exceptional service and support to manage their HSA through our trained 24/7 call center staff, online banking tools and account funding tools as well as checks and Visa-branded debit cards." Since the beginning of HSAs in 2004, The Bancorp Bank has been a supporter of the HSA industry and a service provider to insurance carriers, third party administrators and benefit administrators as well as the individual market. Once a plan is set up and participants are enrolled, the Bank offers ongoing support to plan administrators via easy-to-use online tools that allow them to efficiently and seamlessly manage their plan. About The Bancorp Bank The Bancorp Bank (Nasdaq NM:TBBK), a wholly owned subsidiary of The Bancorp, Inc., is an FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). insured commercial bank that delivers a full array of financial services and products through private-label affinity partner programs nationwide. The Bancorp Bank, through Philadelphia Private Bank (www.philadelphiaprivatebank.com), its regional community bank division, serves the needs to small and mid-size businesses and their principals in the Philadelphia-Wilmington region. |
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