The Bancorp, Inc. announced Gregor Garry, the current Chief Risk Officer (CRO) and Deputy Chief Operating Officer, has been named Executive Vice President, Chief Operating Officer (COO), succeeding Hugh McFadden.

In this role, Garry will lead several key divisions of the company, including Operations, Financial Crimes Risk Management, Enterprise Risk Management and Consumer Compliance. He will also continue to serve as CRO until a successor is named.
 
McFadden will transition to an advisory role as the company’s Senior Executive Advisor in connection with various operational functions at The Bancorp.

Garry joined The Bancorp in October 2014 as Vice President, Internal Audit where he became the primary architect and implementation manager of The Bancorp’s risk-based internal audit function. Throughout his tenure he was promoted to different positions including Chief Audit Executive responsible for the oversight of The Bancorp’s entire internal audit department, and Managing Director, CRO where he had oversight of a wide range of internal control functions related to enterprise-wide risk management, third-party risk management and cybersecurity.

He also assumed responsibility for managing The Bancorp’s regulatory affairs and overseeing the remediation of regulatory issues. Prior to joining The Bancorp, he served as an Internal Audit Manager at The First National Bank in Sioux Falls, Sioux Falls, SD.

“Greg established himself as a leader and key contributor to our company early in his tenure,” said President and Chief Executive Officer Damian Kozlowski. “He embodies the core values of The Bancorp, brings important subject matter expertise in the development of our strategic plans, and delivers great value to The Bancorp. This change will help guide us to a very exciting future.”