The Bancorp Receives Letter from Nasdaq Regarding its March 31, 2015 Form 10-Q Filing

WILMINGTON, Del.--(BUSINESS WIRE)--

The Bancorp, Inc. TBBK ("the Company") today announced that it received a letter from the NASDAQ Stock Market LLC ("Nasdaq") advising the Company that because it had not yet filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2015 (the "Form 10-Q") and remained delinquent in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2014 (the "Form 10-K"), the Company was not in compliance with Nasdaq's Listing Rule 5250(c)(1).

A previous notice of non-compliance from Nasdaq with respect to the Form 10-K only, dated April 1, 2015, which the Company discussed in the Company's Current Report on Form 8-K filed April 1, 2015 (the "April 8-K"), provided that the Company had 60 calendar days within which to file a plan to regain compliance. For a discussion thereof, see the Company's April 8-K. See, also, the Company's Current Report on Form 8-K filed May 11, 2015 (the "May 8-K"). On May 12, 2015 the Company submitted its plan to regain compliance, which covered both the Form 10-K and the Form 10-Q. As disclosed in the May 8-K, and as set forth in the plan, the Company expects to file both the Form 10-K and the Form 10-Q by the end of June 2015 and thereby regain compliance with Nasdaq Listing Rule 5250(c)(1).

About The Bancorp

With operations in the U.S. and Europe, The Bancorp TBBK is dedicated to setting a new standard in financial services and payments innovation. The Bancorp specializes in providing private-label banking and technology solutions for non-bank companies ranging from entrepreneurial start-ups to those on the Fortune 500. The Bancorp Bank, one of The Bancorp's financial institutions, has been recognized as a National Preferred SBA Lender, a top custodian of Health Savings Accounts, a top ACH Originator, one of the nation's largest credit card transaction acquirers and is the leading issuer of prepaid cards. For more information please visit www.thebancorp.com.