San Diego, CA — 04/27/2018 — An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at The Bancorp, Inc.
The investigation by a law firm concerns whether certain The Bancorp directors breached their fiduciary duties and caused damage to the company and its shareholders.
Wilmington, DE based The Bancorp, Inc. operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The Bancorp, Inc. reported that its annual Total Revenue rose from $144.7 million in 2016 to $213.56 million in 2017 and that its Net Loss of $96.49 million in 2016 turned into a Net Income of $21.67 million in 2017.
Shares of The Bancorp, Inc. (TBBK) grew from $4.73 per share in April 2017 to as high as $11.29 per share on April 23, 2018.
On April 26, 2018, NASDAQ: TBBK shares closed at $10.90 per share.
Those who purchased shares of The Bancorp, Inc. (NASDAQ: TBBK), have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego