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Betsy Z. Cohen age 64 has been Chief Executive Officer of both the Company and its wholly-owned subsidiary The Bancorp Bank (the Bank) since September 2000 and Chairman of the Bank since November 2003. She has been the Chairman and Chief Executive Officer of RAIT Investment Trust a real estate investment trust (RAIT) since its formation in August 1997. Mrs. Cohen served as a director of Hudson United Bancorp (a bank holding company) the successor to JeffBanks Inc. from December 1999 until July 2000 and as the Chairman of the Jefferson Bank Division of Hudson United Bank (Hudson United Bancorp’s banking subsidiary) from December 1999 through March 2000. Before the merger of JeffBanks Inc. with Hudson United Bancorp in December 1999 Mrs. Cohen had been Chairman and Chief Executive Officer of JeffBanks Inc. since its inception in 1981 and also served as Chairman and Chief Executive Officer of each of its subsidiaries Jefferson Bank which she founded in 1974 and Jefferson Bank New Jersey which she founded in 1987. From 1985 until 1993 Mrs. Cohen was a director of First Union Corp. of Virginia (a bank holding company) and its predecessor Dominion Bancshares Inc. In 1969 Mrs. Cohen co-founded a commercial law firm and served as a senior partner until 1984. Mrs. Cohen is also a director of Aetna Inc. (an insurance company) and is a trustee of Corporate Office Properties Trust (a real estate investment trust). | 