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The Bancorp, Inc. (NASDAQ: 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 June 30, 2015 (the "Second Quarter 10-Q") and has remained delinquent in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2014 (the "Form 10-K") and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2015 (the "First Quarter 10-Q" and together with the Second Quarter 10-Q, the "Forms 10-Q"), the Company was not in compliance with Nasdaq's Listing Rule 5250(c)(1).
Previous notices of non-compliance from Nasdaq with respect to the Form 10-K and First Quarter 10-Q were discussed in the Company's Current Reports on Form 8-K filed April 1, 2015, May 11, 2015 and June 26, 2015. See also the Company's Current Report on Form 8-K filed August 7, 2015 (the "August 8-K"). On August 14, 2015 the Company submitted to Nasdaq its plan to regain compliance, which covered the Form 10-K and the Forms 10-Q. As set forth in the plan, the Company expects to file the Form 10-K and the Forms 10-Q on or before September 8, 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 (NASDAQ: 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150814005009/en/
The Bancorp, Inc.
Andres Viroslav, 215-861-7990
aviroslav@thebancorp.com
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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