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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 T+ufHUcx56bh07MCw/ZfJHlPXs1aw3ffnAJg10R/8ZDPuzL+NnVBAnDPbok+OgBn
 jRSMaAUGPsNINl++cusTBg==

<SEC-DOCUMENT>0001181431-08-016870.txt : 20080306
<SEC-HEADER>0001181431-08-016870.hdr.sgml : 20080306
<ACCEPTANCE-DATETIME>20080306181942
ACCESSION NUMBER:		0001181431-08-016870
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080304
FILED AS OF DATE:		20080306
DATE AS OF CHANGE:		20080306

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Bancorp, Inc.
		CENTRAL INDEX KEY:			0001295401
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				233016517

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		302-385-5000

	MAIL ADDRESS:	
		STREET 1:		405 SILVERSIDE ROAD
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Birenbaum Arthur M
		CENTRAL INDEX KEY:			0001312738

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-51018
		FILM NUMBER:		08672239

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		(302)385-5000

	MAIL ADDRESS:	
		STREET 1:		405 SILVERSIDE ROAD
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd198706.xml
<DESCRIPTION>A. BIRENBAUM SARS FORM 4 3-08
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-03-04</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001295401</issuerCik>
        <issuerName>Bancorp, Inc.</issuerName>
        <issuerTradingSymbol>TBBK</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001312738</rptOwnerCik>
            <rptOwnerName>Birenbaum Arthur M</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O THE BANCORP, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>405 SILVERSIDE ROAD</rptOwnerStreet2>
            <rptOwnerCity>WILMINGTON</rptOwnerCity>
            <rptOwnerState>DE</rptOwnerState>
            <rptOwnerZipCode>19809</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Executive Vice President</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Appreciation Right</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>11.41</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-03-04</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>3450</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2012-03-04</value>
            </exerciseDate>
            <expirationDate>
                <value>2012-03-04</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>3450</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3450</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <ownerSignature>
        <signatureName>Martin F. Egan, attorney-in-fact</signatureName>
        <signatureDate>2008-03-06</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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