The Bancorp Bank, N.A., a wholly owned subsidiary of The Bancorp, Inc., is partnering with Bushel to offer enhanced financial tools for farmers and agribusinesses. This collaboration introduces Bushel business accounts, which will be offered by The Bancorp Bank, N.A., Member FDIC.
These new business accounts are designed to strengthen financial management within the agriculture sector, offering competitive interest rates, currently 3.43% as of February 26, 2025. The accounts will also be eligible for FDIC insurance up to $5 million through sweep program banks.
This strategic move expands The Bancorp's reach into a specialized market, leveraging its banking-as-a-service model to support digital payments and workflow solutions for agribusinesses. The initiative aims to improve operational efficiency and provide secure digital payment methods for grain settlement and other transactions.
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