Fintech Acquisition Corp. III
- Registration2018-10-23 Filed S1
- IPO2018-11-17 IPO, search begins
- Definitive Agreement2020-08-03 Agreement for merger
- Completed2021-04-04 Merger Completed
- SPAC Ticker
- Merged Ticker
Mr. Cohen, with over 20 years of experience in financial services and financial technology, is a founder, the former Chief Executive Officer and the current Chairman of The Bancorp, Inc. (NASDAQ: TBBK), which we refer to as Bancorp, a financial holding company with over $4.2 billion of total assets as of June 30, 2018, whose principal subsidiary is The Bancorp Bank, that provides a wide range of commercial and retail banking products and services to both regional and national markets. Bancorp’s customers access its banking services through its website and obtain cash withdrawals from automated teller machines. Bancorp provides affinity banking services to members and employees of organizations or businesses under the name of and through the website of such organization or business, and has developed extensive systems for processing debit and credit card transactions and providing prepaid (or stored value) card services. Mr. Cohen also served as Chief Executive Officer, President and a director of FinTech I until the FinTech I Acquisition, and as Chief Executive Officer and a director of FinTech II until the FinTech II Acquisition. Mr. Cohen is also the founder of Cohen and Company, Inc. (NYSE: COHN) (formerly Institutional Financial Markets, Inc.), a financial services company with approximately $3.2 billion in assets under management as of June 30, 2018, where he serves as the Vice Chairman and the Head of Europe, and for which he had served as Chairman and Chief Executive Officer from 1999 to 2013. He is also a past Chief Executive Officer of RAIT Financial Trust (OTCQB: RASFD), which we refer to as RAIT, a real estate finance company focused on the commercial real estate industry, from December 2006 when it merged with Taberna Realty Finance Trust, to February 2009, and served as a trustee from the date RAIT acquired Taberna in February 2009 until his resignation from that position in February 2010. From 1998 to 2000, Mr. Cohen served as the Chief Operation Officer of Resource America, Inc., formerly a publicly traded asset management company with interests in energy, real estate and financial services. Mr. Cohen was also a past director of Jefferson Bank of Pennsylvania, a commercial bank and subsidiary of JeffBanks, Inc., a publicly traded bank holding company, which we refer to as JeffBanks, acquired by Hudson United Bancorp in 1999.
Betsy Z. Cohen, Chairman of the Board of Directors
Mrs. Cohen, with over 40 years of experience, was a founder of Bancorp and served as Bancorp’s Chief Executive Officer from September 2000 through December 2014. Mrs. Cohen served as Chairman of the board of FinTech II until the FinTech II Acquisition, and also served as the Chairman of the board of directors of FinTech I until the Fintech I Acquisition and, following the FinTech I Acquisition, served on the post-business combination board of directors until May 2017. Mrs. Cohen is also a founder of RAIT and was its Chairman until December 2010 and its Chief Executive Officer until December 2006. She was also the founder and Chief Executive Officer of JeffBanks and its subsidiary banks from 1974 until the merger of JeffBanks into Hudson United Bancorp in 1999.
James J. McEntee, III, President and CFO
Mr. McEntee, with over 20 years of experience, is a director of Bancorp and The Bancorp Bank, was previously the Chief Executive Officer of Alesco Financial, an investment firm specializing in credit related fixed income investment, until it merged with Cohen & Company and was the Chief Operating Officer of Cohen & Company. Mr. McEntee served as Chief Financial Officer of FinTech II until the FinTech II Acquisition, and also served as the Chief Financial Officer and Chief Operating Officer of FinTech I until the Fintech I Acquisition.