THE BANCORP SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against The Bancorp, Inc. - TBBK

Core Viewpoint - A securities class action lawsuit has been filed against The Bancorp, Inc. for failing to disclose material information during the class period from January 25, 2024, to March 4, 2025, which is a violation of federal securities laws [3]. Group 1: Lawsuit Details - Investors have until May 16, 2025, to file lead plaintiff applications in the class action lawsuit against Bancorp [1]. - The lawsuit is pending in the United States District Court for the District of Delaware [1]. - The case is titled Linden v. The Bancorp, Inc., et al., No. 25-cv-326 [5]. Group 2: Company Disclosure - On March 4, 2025, Bancorp announced it would be unable to file its fiscal year 2024 annual report on time and that its financial statements for the fiscal years ended December 31, 2022, through 2024 should no longer be relied upon [4]. - The company stated that its auditors did not provide approval for the audit opinion or consent for the incorporation of their audit report in certain registration statements [4]. - Bancorp is currently working to complete additional closing procedures related to accounting for consumer fintech loans and is evaluating the impact of this non-reliance on its internal controls [4]. Group 3: Market Reaction - Following the announcement on March 4, 2025, Bancorp's share price fell by $2.34, or 4.38$51.25 per share on March 5, 2025, with unusually heavy trading volume [4].