Lawsuit for Investors in shares of The Bancorp, Inc. (NASDAQ: TBBK) announced by the Shareholders Foundation

SAN DIEGO, May 28, 2025 /PRNewswire/ -- Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of The Bancorp, Inc. (NASDAQ: TBBK).

Investors who purchased shares of The Bancorp, Inc. (NASDAQ: TBBK) prior to February 2024 and continue to hold any of those NASDAQ: TBBK shares also have certain options and contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On March 14, 2025, an investor in NASDAQ: TBBK shares filed a lawsuit against The Bancorp, Inc. over alleged violations of securities laws. The plaintiff alleged that the defendants failed to disclose to investors that Bancorp had underrepresented the significant risk of default or loss on its REBL loan portfolio, that the Company's current expected credit loss methodology was insufficient to account for the provision and/or allowance of credit losses, that, as a result, the Company was reasonably likely to increase its provision for credit losses, that there were material weakness in its internal control over financial reporting, that its financial statements had not been approved by its independent auditor, that, as a result of the foregoing, the Company's financial statements could not be relied upon, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of The Bancorp, Inc. (NASDAQ: TBBK) should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels 
+1 (858) 779-1554 
mail@shareholdersfoundation.com 
3111 Camino Del Rio North 
Suite 423 
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lawsuit-for-investors-in-shares-of-the-bancorp-inc-nasdaq-tbbk-announced-by-the-shareholders-foundation-302466875.html

SOURCE Shareholders Foundation, Inc.