Harwood Feffer LLP Announces Investigation of The Bancorp, Inc.

Dec 15, 2015, 17:18 ET from Harwood Feffer LLP

NEW YORK, Dec. 15, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of The Bancorp, Inc. ("Bancorp" or the "Company") (NASDAQ: TBBK), concerning whether the board has breached its fiduciary duties to shareholders.

During the first half of 2014, Bancorp stated on multiple occasions that it had established a compliance program in accordance with the Bank Secrecy Act ("BSA"). On June 10, 2014, the company disclosed that it had been forced into a consent decree with the Federal Deposit Insurance Corporation due to violations of the BSA. On this news, Bancorp stock fell from approximately $16.30 per share to the current trading level of approximately $7.19.        

Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own Bancorp shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq. Benjamin I. Sachs-Michaels, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email: bsachsmichaels@hfesq.com  Website: http://www.hfesq.com  Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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