TBBK INVESTOR ALERT: Investigation of The Bancorp, Inc. Announced by The Law Offices of Howard G. Smith

BENSALEM, Pa.--(BUSINESS WIRE)--

Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors The Bancorp, Inc. ("Bancorp" or the "Company") TBBK concerning the Company's and its officers' possible violations of federal securities laws. The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose losses related to discontinued operations and the Company's loan portfolios. Howard G. Smith, Esq. is preparing a complaint to recover damages suffered by Bancorp investors as a result of the Company's alleged fraud.

On June 26, 2015, after the market close, Bancorp announced that over 2,500 individual loans from discontinued and continuing business lines were evaluated, and identified approximately $24 million of additional losses that were not previously reported. Additionally, Bancorp announced that approximately $15 million of losses related to discontinued loans will be reflected in the delayed filing of the Form 10-K filing for the 2014 fiscal year. On this news, shares of Bancorp fell $1.21 per share, or nearly 12%, to close on June 29, 2015 at $9.29.

If you purchased shares of Bancorp, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

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