Press release

Betsy Cohen Named Honorary Trustee at Metropolitan Museum

(New York, February 11, 2015)—The Metropolitan Museum of Art has elected banker and entrepreneur Betsy Cohen an Honorary Trustee, it was announced today by Daniel Brodsky, Chairman of the Board. The election took place at the January 13 meeting of the Board of Trustees.

Speaking about the election, Mr. Brodsky noted: “Betsy Cohen brings great business acumen, experience on many other non-profit boards, and demonstrated civic-mindedness to her new role at the Museum. Together with her husband Edward, she has been a supporter of the Museum, notably through participation in the Chairman’s Council since 2009.”

Thomas P. Campbell, Director and CEO of the Metropolitan Museum, commented: “We are delighted to welcome Betsy Cohen to the Board as an Honorary Trustee. She is a talented and dedicated business executive and donor whose humanity and humor enhances everything she does. It will be a pleasure to work with her in her new capacity.”

Betsy Cohen is the founder of The Bancorp Bank, an online commercial bank. Prior to founding Bancorp, Ms. Cohen formed RAIT Financial Trust, a $10 billion real estate investment trust; she founded Jefferson Bank (Pennsylvania) and Jefferson Bank New Jersey; she served as Chairman and CEO of State National Bank (Maryland); and she was a Director of First Union Bank (Virginia).

Ms. Cohen was educated at Bryn Mawr College and the University of Pennsylvania Law School. She became the second female law professor on the East Coast, teaching at Rutgers University Law School. Before age 30, Ms. Cohen had founded a shipping business in Hong Kong, a leasing company in Brazil, and a joint venture with a bank in Spain, and co-founded a Philadelphia law firm that specialized in representing financial institutions and industry clients in complex real estate and financial matters.

Ms. Cohen serves in various capacities on the boards of the Asia Society and the Asia Society Policy Institute, The Brookings Institute, Jewish Theological Seminary, and Metropolitan Opera. She is also a Director for Aetna, Inc.

Ms. Cohen has received awards from numerous business organizations and publications, including the Greater Philadelphia Chamber of Commerce, Drexel University, and National Foundation for Women Business Owners. She is a past recipient of the Sandra Day O’Connor Board Excellence Award (from DirectWomen), and the Elizabeth Dole Glass Ceiling Award (Southeastern PA American Red Cross).

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February 11, 2015

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