Important Update for Bancorp Investors: Class Action Lawsuit Against TBBK Filed

Essential Reminder for Bancorp Investors

On April 7, 2025, Kessler Topaz Meltzer & Check, LLP, a reputable law firm, announced crucial information concerning The Bancorp, Inc. (NASDAQ: TBBK) investors. The firm revealed that a class action lawsuit has been initiated against Bancorp, specifically targeting investors who purchased or acquired securities during the defined class period from January 25, 2024, to March 4, 2025. This legal action is significant for affected investors as it may provide a pathway for recouping losses incurred due to potential securities fraud.

Details of the Class Action Lawsuit

The lawsuit points to various alleged misconducts by the Bancorp's executives during the established timeframe. The key accusations include misleading statements regarding the company's financial performance and risks associated with their real estate bridge loans. According to the complaint, the defendants did not adequately disclose that Bancorp had minimized the likelihood of defaults on these loans. This omission raises serious concerns about the financial integrity of the company and its internal control mechanisms related to financial reporting.

Background on Allegations

The primary issues outlined in the complaint include:
1. Underrepresentation of Risk: The defendants reportedly made false statements regarding Bancorp's real estate bridge loans, which may expose the company to significant defaults.
2. Insufficient Credit Loss Provisions: It is claimed that Bancorp’s current strategies for estimating credit losses are inadequate, enhancing the risk of massive losses.
3. Material Weaknesses: Allegations of deficiencies in the internal controls of financial reporting, which would affect the reliability of the financial statements.—

These alleged actions have led to doubts concerning Bancorp's public statements about its business outlook, operations, and future. This situation underscores the gravity of the class action and its potential implications for investors.

Next Steps for Investors

Investors who feel that they have been adversely affected by Bancorp’s actions can seek to become lead plaintiffs in this case. A lead plaintiff represents the interests of all similarly affected investors in legal proceedings. Interested parties must act swiftly, as the deadline to apply for this position is set for May 16, 2025.

How to Participate

If you are a Bancorp investor who sustained losses, you are encouraged to reach out to Kessler Topaz Meltzer & Check, LLP for guidance. Further information can be found on their official website, where investors can also find the link to join the case. By participating, investors can play a key role in holding the defendants accountable and potentially recovering their losses.

For a direct inquiry, contact attorney Jonathan Naji at (484) 270-1453 or via email for more information regarding your eligibility and participation in the lawsuit.

About Kessler Topaz Meltzer & Check, LLP

Kessler Topaz Meltzer & Check, LLP is a leading class action law firm, well-regarded for its dedication to protecting investors and consumers from corporate misconduct. The firm is known for its expertise in prosecuting cases across various sectors, advocating strongly for client rights and transparency.

Investors are urged to remain vigilant about this unfolding situation, considering the potential consequences for their investments. Keeping informed about the progress of the class action and the law firm's updates will be crucial in navigating this challenging scenario.