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Lawsuit for Investors in shares of The Bancorp, Inc. (NASDAQ: TBBK) announced by the Shareholders Foundation

1. A lawsuit is pending against The Bancorp, Inc. (TBBK) for alleged securities law violations. 2. Claims include failure to disclose risks regarding the REBL loan portfolio. 3. The company reportedly has weaknesses in internal financial reporting controls. 4. Investors could face challenges trusting TBBK's financial statements due to these issues. 5. Affected shareholders are encouraged to contact the Shareholders Foundation for guidance.

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FAQ

Why Bearish?

The pending lawsuit and allegations of undisclosed risks can undermine investor confidence, similar to previous cases where legal issues negatively affected stock prices.

How important is it?

Legal issues often have a substantial impact on investor perception and stock valuation, making this news highly relevant for TBBK.

Why Short Term?

The immediate concern is the pending lawsuit, which could lead to short-term volatility.

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, /PRNewswire/ -- Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of The Bancorp, Inc. (NASDAQ: TBBK). Investors who purchased shares of The Bancorp, Inc. (NASDAQ: TBBK) prior to February 2024 and continue to hold any of thoseNASDAQ: TBBK shares also have certain options and contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554. On March 14, 2025, an investor inNASDAQ: TBBK shares filed a lawsuit against The Bancorp, Inc. over alleged violations of securities laws. The plaintiff alleged that the defendants failed to disclose to investors that Bancorp had underrepresented the significant risk of default or loss on its REBL loan portfolio, that the Company's current expected credit loss methodology was insufficient to account for the provision and/or allowance of credit losses, that, as a result, the Company was reasonably likely to increase its provision for credit losses, that there were material weakness in its internal control over financial reporting, that its financial statements had not been approved by its independent auditor, that, as a result of the foregoing, the Company's financial statements could not be relied upon, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Those who purchased shares of The Bancorp, Inc. (NASDAQ: TBBK) should contact the Shareholders Foundation, Inc. CONTACT: Shareholders Foundation, Inc. Michael Daniels +1 (858) 779-1554 [email protected] 3111 Camino Del Rio North Suite 423 San Diego, CA 92108 The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon. SOURCE Shareholders Foundation, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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