The Bancorp Inc.

Betsy Z. Cohen, age 67, has served as the chairman of the board of trustees and as a trustee of RAIT since our founding in August 1997 and as our chief executive officer from August 1997 to December 2006. Mrs. Cohen has been the chairman of the board of The Bancorp Bank, or Bancorp Bank, a commercial bank, since November 2003 and a director of The Bancorp, Inc., or Bancorp, a publicly held registered bank holding company for Bancorp Bank, since September 2000 and the chief executive officer of both Bancorp Bank and Bancorp since September 2000. Mrs. Cohen served as a director of Hudson United Bancorp (a bank holding company), the successor to JeffBanks, Inc., from December 1999 until July 2000 and as the chairman of the Jefferson Bank Division of Hudson United Bank (Hudson United Bancorp s banking subsidiary) from December 1999 through March 2000. Before the merger of JeffBanks, Inc. with Hudson United Bancorp in December 1999, Mrs. Cohen was chairman and chief executive officer of JeffBanks, Inc. from its inception in 1981 and also served as chairman and chief executive officer of each of its subsidiaries, Jefferson Bank, which she founded in 1974, and Jefferson Bank New Jersey, which she founded in 1987. From 1985 until 1993, Mrs. Cohen was a director of First Union Corp. of Virginia (a bank holding company) and its predecessor, Dominion Bancshares, Inc. In 1969, Mrs. Cohen co-founded a commercial law firm and served as a senior partner until 1984. Mrs. Cohen is also a director of Aetna, Inc. (an insurance company). Daniel G. Cohen, who is a trustee of RAIT, is the son of Mrs. Cohen. See Certain Relationships and Related Party Transactions below regarding Bancorp and Bancorp Bank.

Mr. Hickey is Senior Vice President, General Counsel and Secretary of Emigrant Bancorp and Emigrant Savings Bank. He has been an officer of the Bank since 1980 and an officer of Bancorp since it was formed in 1994. He is the chief legal officer of Bancorp and the Bank, and also serves as a director and/or officer of a number of Bancorp's and the Bank's subsidiaries and affiliates. Prior to joining the Bank, Mr. Hickey was associated with the New York law firm of Thacher, Proffitt & Wood LLP.

William V. Turner, age 75, has served as the Chairman of the Board of Great Southern since 1974, Chief Executive Officer of Great Southern from 1974 to 2000, and President of Great Southern from 1974 to 1997. Mr. W. Turner has served in similar capacities with Bancorp since its formation in 1989. Mr. W. Turner has also served as Chairman of the Board and President of Great Southern Financial Corporation since its incorporation in 1974. Mr. W. Turner is the father of Joseph W. Turner, who is a Director and the Chief Executive Officer and President of Bancorp and Great Southern. Mr. W. Turner is also the father of Julie Turner Brown, who is a Director of Bancorp and Great Southern. Julie Turner Brown, age 46, was first appointed a Director of Great Southern and Bancorp in 2002. Ms. Brown is an attorney and shareholder with the Springfield, Missouri law firm of Carnahan, Evans, Cantwell and Brown, P.C., having joined the firm in February 1996. Ms. Brown is active in local civic affairs, serving on the Boards of the Community Foundation of the Ozarks, and the Discovery Center of Springfield, among others. Ms. Brown is the daughter of William V. Turner, who is a Director and the Chairman of the Board of Bancorp and Great Southern, and the sister of Joseph W. Turner, who is a Director and the Chief Executive Officer and President of Bancorp and Great Southern.

James J. McEntee III is the Chief Operating Officer of Cohen & Company and has extensive experience in structuring the Alesco and Dekania CDOs. Mr. McEntee was previously the co-founding and co-managing Partner of Harron Capital, LP, a $100 million private equity fund. In addition, Mr. McEntee was a partner and chairman of the Business Department of the law firm of Lamb, Windle & McErlane, with responsibility for representing the firm's banking clients. Mr. McEntee is also a director of The Bancorp, Inc. (NASDAQ: TBBK), and Taberna Realty Finance Trust. He earned a B.A. from Boston College, a J.D. from Rutgers University School of Law, an LL.M. from New York University School of Law, and an M.B.A. from Penn State University.