TBBK INVESTOR NEWS: The Bancorp, Inc. Investors may be able to Recover Losses in Class Action Lawsuit -- Contact BFA Law before May 16 Deadline (NASDAQ:TBBK)

Core Viewpoint - A lawsuit has been filed against The Bancorp, Inc. and certain senior executives for potential violations of federal securities laws, specifically related to misrepresentation of risks associated with its loan portfolio [1][2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Delaware, captioned Linden v. The Bancorp, Inc., et al., No. 25-cv-00326, with investors having until May 16, 2025, to seek lead plaintiff status [2]. - The complaint alleges violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, representing investors who purchased Bancorp stock [2]. Group 2: Company Overview - Bancorp is a financial holding company involved in institutional banking, commercial real estate bridge lending, small business lending, and commercial fleet leasing, with its REBL loans primarily collateralized by apartment buildings [3]. Group 3: Allegations of Misrepresentation - The complaint claims that Bancorp misrepresented the risks of default or loss on its REBL loan portfolio and that its credit loss methodology was inadequate [4]. - It is alleged that Bancorp's internal controls over financial reporting contained at least one material weakness [4]. Group 4: Stock Performance and Impact - Following a report from Culper Research on March 21, 2024, which highlighted misrepresentation of risks, Bancorp's stock price fell over 10%, from $36.04 to$32.12 [5]. - On October 24, 2024, Bancorp reported a net income of $51.5 million, leading to a 14$54.96 to $47.01 due to increased credit losses [6]. - On March 4, 2025, Bancorp disclosed inappropriate filing of its Annual Report, causing a 4.4$53.59 to $51.25 [7].