Binkow & Goldberg LLP announces that it is investigating
potential claims on behalf of investors of The
Bancorp, Inc. ("Bancorp" or the "Company") (NASDAQ:TBBK) concerning
possible violations of federal securities laws. The investigation
focuses on the Company's business and operations.
Please contact us at (646) 539-8980, or at firstname.lastname@example.org
to discuss this matter. If you inquire by email please include your
mailing address, telephone number and number of shares purchased.
Bancorp operates as the financial holding company for its wholly owned
subsidiary The Bancorp Bank that provides commercial and retail banking
products and services to small and mid-size businesses in the United
States. The investigation is related to the Company's June 10, 2014,
disclosure that The Bancorp Bank agreed to the Issuance of a Consent
Order with the Federal Deposit Insurance Corporation, which became
effective on June 5, 2014. The Order is related to its Bank Secrecy Act
Compliance Program, and requires The Bancorp Bank to take certain
affirmative actions to comply with its Bank Secrecy Act obligations,
According to the Company, The Bancorp Bank took this action without
admitting or denying any charges of unsafe or unsound banking practices
or violations of law or regulation relating to weaknesses in its Bank
Secrecy Act Compliance Program. Following this news, Bancorp's share
price fell as low as 28% below its previous close, in intraday trading
on June 10, 2014.
If you purchased Bancorp securities, if you have information or would
like to learn more about these claims, or if you have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Lesley Portnoy, Esquire, of Glancy Binkow
& Goldberg LLP, 122 East 42nd Street, Suite 2920, New York, NY 10168, at
(646) 539-8980, by e-mail to email@example.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email, please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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