The Bancorp, Inc. (TBBK)

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of The Bancorp, Inc. (“The Bancorp.” or “the Company”) (NASDAQ: TBBK). Investors who purchased The Bancorp securities are encouraged to obtain additional information and assist the investigation.

The investigation concerns whether The Bancorp has violated federal securities laws.

Investigation Details:

On March 21, 2024, Culper Research (“Culper”) issued a report on The Bancorp. The report highlights that “TBBK’s book seems to be filled with inexperienced syndicated borrowers” who harbored “ambitious ‘get rich quick dreams’ and erroneously believed they could easily renovate units, attract tenants, raise rents, and swiftly profit from ‘passive’ returns.” Notably, the report states that “none of these anticipated developments have materialized for these properties: expenses have surged, vacancies persist at high levels, rent levels have remained relatively unchanged, and interest rates have more than doubled.” Culper concludes that “TBBK’s reserves of $4.7 million, representing just 0.24% of its REBL book, are entirely misleading.”

What’s Next?

If you are aware of any facts relating to this investigation or purchased The Bancorp. securities, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.


Bronstein, Gewirtz & Grossman, LLC

Peretz Bronstein or Yael Nathanson

332-239-2660 | [email protected]