THE BANCORP SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against The Bancorp, Inc. - TBBK

Core Viewpoint - The Bancorp, Inc. is facing a securities class action lawsuit for failing to disclose material information during the class period from January 25, 2024, to March 4, 2025, which has led to a significant drop in its stock price [1][3][4]. Group 1: Lawsuit Details - Investors have until May 16, 2025, to file lead plaintiff applications in the class action lawsuit against The Bancorp [1]. - The lawsuit is pending in the United States District Court for the District of Delaware, under the case name Linden v. The Bancorp, Inc., et al., No. 25-cv-326 [5]. - The Bancorp and certain executives are charged with violating federal securities laws by failing to disclose material information [3]. Group 2: Financial Impact - On March 4, 2025, The Bancorp disclosed it would be unable to file its fiscal year 2024 annual report on time, stating that its financial statements for the fiscal years ended December 31, 2022, through 2024 should no longer be relied upon [4]. - Following this announcement, Bancorp's share price fell by $2.34, or 4.38%, closing at $51.25 per share on March 5, 2025, with unusually heavy trading volume [4]. Group 3: Company Response - The Bancorp is working to complete additional closing procedures related to accounting for consumer fintech loans and is evaluating the impact of non-reliance on its disclosure controls and internal control over financial reporting [4]. Group 4: ClaimsFiler Information - ClaimsFiler is a service that helps retail investors recover funds from securities class action settlements, providing resources for investors to register and submit claims [6]. - Investors can access information about various securities class action cases and receive notifications about relevant cases in which they may have a financial interest [6].