TBBK Investors Have Opportunity to Lead The Bancorp, Inc. Securities Fraud Lawsuit with the Schall Law Firm

LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against The Bancorp, Inc. (“Bancorp” or “the Company”) (NASDAQ: TBBK) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between January 25, 2024 and March 4, 2025, inclusive (the “Class Period”), are encouraged to contact the firm before May 16, 2025.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [e-mail].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Bancorp underrepresented the significant risk of loss and default on its commercial real estate bridge lending (“REBL”) portfolio. The Company’s expected credit loss methodology failed to properly account for the provision of credit losses. The Company was likely to increase its provision for credit losses. The Company suffered from material weaknesses in its controls over financial reporting. The Company failed to secure the approval of its independent auditor for its financial statements. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Bancorp, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.