#TBBK #ClaimsFiler #Bancorp

Bancorp Shareholder Alert: Important Legal Notice for Investors

In a significant development affecting investors of The Bancorp, Inc. (NasdaqGS: TBBK), the ClaimsFiler service is reminding those who have suffered losses exceeding $100,000 to take action by the upcoming deadline. Investors have until May 16, 2025, to submit lead plaintiff applications in connection with a class action lawsuit currently underway in the United States District Court for the District of Delaware.

Background of the Lawsuit

The lawsuit alleges that Bancorp and certain executives failed to disclose critical information during the class period, which extends from January 25, 2024 to March 4, 2025. These allegations stem from a recent company announcement stating it would be unable to file its fiscal year 2024 annual report on time. This revelation directly impacted investor confidence and led to a drop in Bancorp's stock value.

On March 4, 2025, Bancorp disclosed that its previous financial statements from 2022 to 2024 should not be relied upon. The company's auditors had not approved the inclusion of their audit opinions in certain regulatory filings, thus raising concerns about the integrity of its financial reporting. Additionally, Bancorp indicated that it is conducting further accounting procedures to amend the annual report and assess the implications of this non-reliance on its financial disclosures and internal controls.

As a result of this announcement, Bancorp's share price fell $2.34, a decline of 4.38%, to close at $51.25 on March 5, 2025 — a dramatic response reflecting the market's reaction to the news.

Actions Required by Investors

Affected shareholders are encouraged to visit ClaimsFiler's dedicated webpage for more details on the case, and they may also contact ClaimsFiler at toll-free 844-367-9658 for assistance. Legal advisors from Kahn Swick & Foti, LLC are available to provide support and discuss potential legal options for impacted investors.

The ongoing case, Linden v. The Bancorp, Inc., et al., has garnered significant attention, and timely action is critical for those seeking to recover potential losses.

About ClaimsFiler

ClaimsFiler serves as a free resource, dedicated to helping retail investors navigate the complexities of securities class actions. The service provides users with a variety of tools, including a platform for registering free accounts to access pertinent information related to various securities class action settlements. Investors can also upload their transaction data to receive timely notifications about relevant cases that could impact their financial interests. To get more information and assistance regarding this case and others, visit www.claimsfiler.com.

As the deadline approaches, it is essential for investors to stay informed and take the necessary steps to protect their rights. By remaining proactive, shareholders can ensure that they are in a position to reclaim what they might be entitled to under the law. It is a pivotal moment for Bancorp investors, and being well-informed could significantly influence the recovery outcomes.”,