TBBK DEADLINE REMINDER: The Bancorp, Inc. Investors are Reminded to Contact BFA Law by the May 16 Class Action Deadline (NASDAQ:TBBK)

Core Viewpoint - A lawsuit has been filed against The Bancorp, Inc. and certain senior executives for potential violations of federal securities laws, alleging misrepresentation of risks associated with its loan portfolio [1][2][4]. Company Overview - The Bancorp, Inc. is a financial holding company involved in institutional banking, commercial real estate bridge lending, small business lending, and commercial fleet leasing, with a focus on loans collateralized by apartment buildings [3]. Allegations and Legal Proceedings - The lawsuit claims that Bancorp misrepresented the risks of default or loss on its REBL loan portfolio and inadequately accounted for credit losses, indicating weaknesses in internal controls over financial reporting [4]. - Investors have until May 16, 2025, to seek appointment as lead plaintiffs in the case, which is pending in the U.S. District Court for the District of Delaware [2]. Stock Performance and Impact of News - Following a report from Culper Research on March 21, 2024, which highlighted the risks associated with Bancorp's REBL loans, the stock price fell over 10%, from $36.04 to $32.12 [5]. - On October 24, 2024, Bancorp reported a net income of $51.5 million, leading to a 14% decline in stock price from $54.96 to $47.01 due to increased credit losses [6]. - On March 4, 2025, Bancorp disclosed issues with its Annual Report for the fiscal year ended December 31, 2024, causing a 4.4% drop in stock price from $53.59 to $51.25 [7].