Investigation Launched by Pomerantz LLP Regarding The Bancorp Inc. for Potential Securities Fraud
New York, NY – Pomerantz LLP, a leading securities law firm, is currently investigating potential securities fraud claims on behalf of investors of The Bancorp Inc. (“Bancorp” or the “Company”) (NASDAQ: TBBK).
The investigation concerns whether Bancorp and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. Specifically, the investigation focuses on whether the Company and its executives made false and/or misleading statements and/or failed to disclose material adverse information to investors.
Background
Bancorp is a financial services holding company that operates through its subsidiaries, including The Bancorp Bank and Tandem Bank. The Company provides various banking services, including deposit and loan services, and services to non-bank financial services companies and fintech companies.
The Investigation
The investigation was initiated following a series of disclosures by Bancorp regarding significant operational and financial challenges. For instance, in December 2024, the Company announced that it would be exiting its consumer lending business due to regulatory concerns and disappointing financial performance. This announcement came after the Company had previously announced that it was exiting its credit card business due to regulatory challenges.
Additionally, in February 2025, Bancorp disclosed that it was facing a potential regulatory fine of up to $50 million related to its compliance with anti-money laundering regulations. This disclosure came after the Company had previously disclosed that it was facing a potential regulatory fine of up to $10 million related to similar issues.
Impact on Investors
The disclosures of operational and financial challenges, as well as the potential regulatory fines, have caused significant volatility in Bancorp’s stock price. The Company’s stock price has declined steadily since the beginning of 2025, falling from a high of $35.50 per share in January to a low of $15.25 per share in March.
Investors who purchased Bancorp’s stock between January 1, 2025, and the present may be able to recover their losses through a securities class action lawsuit. Such investors are encouraged to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 169, to discuss their legal rights.
Impact on the World
The investigation and potential securities fraud claims against Bancorp have broader implications for the financial services industry as a whole. The challenges facing Bancorp, including regulatory concerns and operational challenges, are not unique to the Company. Many other financial services companies, particularly those in the fintech space, are also grappling with similar issues.
Furthermore, the potential regulatory fines facing Bancorp highlight the importance of robust regulatory oversight in the financial services industry. The financial penalties that Bancorp may face serve as a reminder that companies must take compliance with anti-money laundering regulations seriously.
Conclusion
The investigation into potential securities fraud claims against The Bancorp Inc. highlights the importance of transparency and compliance in the financial services industry. Investors who purchased Bancorp’s stock between January 1, 2025, and the present may be able to recover their losses through a securities class action lawsuit. The broader implications of the investigation extend beyond Bancorp and have implications for the financial services industry as a whole.
- Investors who purchased Bancorp stock between January 1, 2025, and the present may be able to recover their losses through a securities class action lawsuit.
- The investigation highlights the importance of transparency and compliance in the financial services industry.
- The broader implications of the investigation extend beyond Bancorp and have implications for the financial services industry as a whole.
