TBBK INVESTOR NOTICE: The Bancorp, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Core Viewpoint - The Bancorp, Inc. is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934, with claims of misleading statements and undisclosed risks related to its commercial real estate bridge lending portfolio [1][3]. Company Overview - The Bancorp operates as a financial holding company for The Bancorp Bank, providing banking products and services in the United States [2]. Allegations of the Lawsuit - The lawsuit claims that The Bancorp underrepresented the risks associated with its commercial real estate bridge lending portfolio [3]. - It is alleged that the company's expected credit loss methodology was inadequate, leading to a likely increase in provisions for credit losses [3]. - The lawsuit points out material weaknesses in The Bancorp's internal controls over financial reporting and that its financial statements were not approved by independent auditors [3]. Impact of Reports and Financial Results - A report from Culper Research on March 21, 2024, suggested that The Bancorp's loan book was risky, causing the stock price to drop over 10% [4]. - Following the announcement of third-quarter 2024 financial results, which reported a net income of $51.5 million and an after-tax reduction in net income of$1.5 million due to increased provisions for credit losses, the stock price fell more than 14% [5]. - On March 4, 2025, The Bancorp disclosed that its Annual Report for the fiscal year ended December 31, 2024, was filed inappropriately, leading to further declines in stock price [6]. Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows investors who purchased The Bancorp securities during the class period to seek appointment as lead plaintiff in the lawsuit [7]. - The lead plaintiff represents the interests of all class members and can select a law firm for litigation [7]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [9].