The Bancorp Extends Deal With Chime, Boosting Position As Banking Sponsorship Services Provider
Portfolio Pulse from Lekha Gupta
The Bancorp Inc (NASDAQ:TBBK) has extended its private label banking services deal with Chime Financial, Inc., reinforcing its position as a banking sponsorship services provider in the U.S. TBBK will continue as Chime's key banking partner and manage member deposit accounts.
June 14, 2023 | 12:46 pm
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POSITIVE IMPACT
The Bancorp's extended deal with Chime Financial strengthens its position as a banking sponsorship services provider and may positively impact its stock price.
The extended agreement with Chime Financial reinforces The Bancorp's position as a provider of banking sponsorship services in the U.S. market. This partnership expansion may lead to increased revenue and growth for the company, which could positively impact its stock price in the short term.
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