Bancorp (TBBK) Increases Provision For Consumer Fintech Loan Credit Losses, Acknowledges Internal Control Weaknesses – Hagens Berman

SAN FRANCISCO, April 21, 2025 (GLOBE NEWSWIRE) -- On April 7, 2025, The Bancorp, Inc. (NASDAQ: TBBK) belatedly filed its amended annual report, in which it disclosed previously omitted crucial information to investors, escalating investor concerns already inflamed by asset quality matters alleged in a securities class action suit. The suit, captioned Linden v. The Bancorp, Inc., et al., No. 1:25-cv-00326-JLH (D. Del.), seeks to represent investors who purchased Bancorp securities between January 25, 2024, a ...