Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Beach Walter T
   2. Issuer Name and Ticker or Trading Symbol
Bancorp, Inc. [TBBK] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O THE BANCORP, INC., 409 SILVERSIDE ROAD		 3. Date of Earliest Transaction (Month/Day/Year)
08/13/2009
(Street)

WILMINGTON, DE 19809		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/13/2009   J   33,202 D (1) 27,114 I By GRATs
Common Stock 08/17/2009   J   27,114 D (5) 0 I By GRATs
Common Stock               51,463 I By Clear View Investment Fund, L.P. (2)
Common Stock               58,993 I By Mill Creek Investment Partners, L.P. (3)
Common Stock               18,870 I By Garden Lane Investment Fund, Ltd. (4)
Common Stock               135,922 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Beach Walter T
C/O THE BANCORP, INC.
409 SILVERSIDE ROAD
WILMINGTON, DE 19809		   X      

Signatures

 Martin F. Egan, attorney-in-fact   08/17/2009
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) In connection with the liquidation on August 13, 2009, of a Grantor Retained Annuity Trust, or GRAT, of which the reporting person is a beneficiary, the GRAT distributed 33,202 common shares of The Bancorp, Inc. The reporting person does not exercise any control of the GRAT and he did not receive any shares of Bancorp in its liquidation.
(2) The reporting person is a partner in Clear View Investment Fund, L.P. as well as the sole member of Beach Asset Management, LLC, the general partner of the fund.
(3) The reporting person is a co-member and the managing director of Beach Investment Management, LLC, the general partner of Mill Creek Investment Partners, L.P.
(4) The reporting person is a co-member and the managing director of Beach Investment Management, LLC, the general partner of Garden Lane Investment Fund, Ltd.
(5) In connection with the liquidation on August 17, 2009, of a GRAT of which the reporting person is a beneficiary, the GRAT distributed 27,114 common shares of The Bancorp, Inc. The reporting person does not exercise any control of the GRAT and he did not receive any shares of Bancorp in its liquidation.

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