It's "difficult to overstate" the benefit accruing to The Bancorp (TBBK) from higher short-term...

|By:, SA News Editor

It's "difficult to overstate" the benefit accruing to The Bancorp (TBBK) from higher short-term interest rates, COO Frank Mastrangelo tells Mark Palmer. The company has a high-class problem in that it generates more cash from its prepaid debit card issuance than it can profitably invest. Finding higher yields with where it can deploy the money would substantially boost the bottom line.