Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired The Bancorp, Inc. (“Bancorp”) (NASDAQ: TBBK) common stock between January 26, 2024 and March 25, 2025, inclusive (the “Class Period”).
Bancorp is a financial holding company that, through its subsidiary, The Bancorp Bank, National Association Bank, engages in institutional banking, small business lending, commercial fleet leasing, and commercial real estate bridge lending (“REBL”).
The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Bancorp’s REBL loans were of poor quality, and carried such a high risk of default and loss rendering Bancorp’s reserves woefully inadequate; (2) the small-time real estate syndicators that Bancorp was underwriting were inexperienced and potentially reckless; (3) Bancorp knowingly used an inaccurate and inflated appraisal of one of its apartment buildings, and despite claiming it would be sold, Bancorp still owns it to this day; and (4) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On December 22, 2025, Lead Plaintiff filed an Amended Complaint. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.