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KF Press Release

SAN FRANCISCO, July 11, 2017 — KoreFusion acted as exclusive adviser to The Bancorp, Inc. (NASDAQ: TBBK), a financial holding company based in Wilmington, Delaware, in the sale of Transact Payments Ltd. (TPL), its wholly owned UK-based European prepaid subsidiary and licensed electronic money institution, to Neptune International Ltd., a private investment firm. Terms of the transaction were not disclosed; the deal was completed and approved by regulators in April 2017.