Leadership & Pay ·
Bancorp discloses $2.5M severance for departing Head of Commercial Lending Jeffrey Nager
TBBKBancorp, Inc.
The Bancorp filed an amendment to disclose the separation terms for Jeffrey Nager, Head of Commercial Lending at its subsidiary The Bancorp Bank, N.A., who is set to depart on October 1, 2026. Under a severance agreement effective October 10, 2026, Nager will receive a lump-sum cash payment of $2,500,000 less applicable withholdings and access to six months of outplacement services. The arrangement includes standard release, non-disparagement, and confidentiality provisions. Bancorp operates in the financial services industry, providing banking and payment solutions.