The law firm of Wohl & Fruchter LLP is investigating possible violations of federal securities laws by officers and directors of The Bancorp Inc. (TBBK) (Nasdaq:TBBK). On June 10, 2014, TBBK announced that it had entered into a consent order (Order) with the Federal Deposit Insurance Corporation (FDIC) relating to, among other things, weaknesses in TBBK’s compliance with the Bank Secrecy Act (BSA). The Order requires the Bank to take certain affirmative actions to comply with its BSA obligations, and in the interim, places some restrictions on certain of TBBK’s activities relating to the signing of new Independent Sales Organizations, the issuance of new non-benefit related reloadable prepaid card programs, and the origination of Automated Clearing House transactions for new merchant-related payments. On the above news, TBBK shares have fallen over 27% in trading on June 11, 2014. Persons with relevant information, and TBBK shareholders with questions about this investigation, are invited to contact the attorney below, or our Firm by calling 866.833.6245. Additional information, including a copy of the Form 8-K announcing the Order, is available on our website at: http://www.wohlfruchter.com/cases/tbbk. About Wohl & Fruchter Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and other fiduciary breaches by corporate managers, as well as other complex litigation matters. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners. This release may be deemed to constitute attorney advertising.
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