Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Investigates Claims on behalf of shareholders of The Bancorp, Inc. - AZTV7/Cable 13, Me-TV 7.2, HSN 7.3, Phoenix-Prescott, AZ

Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Investigates Claims on behalf of shareholders of The Bancorp, Inc.

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SOURCE Bronstein, Gewirtz & Grossman, LLC

NEW YORK, July 15, 2014 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of The Bancorp, Inc. ("The Bancorp " or the "Company") (NasdaqGS: TBBK).  The investigation focuses on whether the Company and its executives violated federal securities laws.

On June 10, 2014, the Company announced in a Securities and Exchange Commission, (SEC) Form 8-K filing that the Company, "entered into a Stipulation and Consent to the Issuance of a Consent Order (the "Order") with the Federal Deposit Insurance Corporation (the "FDIC") which became effective on June 5, 2014. The Bank took this action without admitting or denying any charges of unsafe or unsound banking practices or violations of law or regulation relating to weaknesses in the Bank's Bank Secrecy Act ("BSA") Compliance Program.

The Order requires the Bank to take certain affirmative actions to comply with its BSA obligations, among them: appoint a qualified BSA/OFAC officer; revise the written BSA Compliance Program; develop and implement additional policies and procedures for suspicious activity monitoring and reporting; review and enhance customer due diligence and risk assessment processes; review past account activity to determine whether suspicious activity was properly identified and reported; strengthen internal controls, including augmenting Board oversight regarding BSA activities; establish an independent testing program and develop policies and procedures to govern staffing and training for BSA compliance."

On this news, shares of The Bancorp fell $4.66 per share or more than 28% to close at $11.54 on June 11, 2014.

If you are aware of any facts relating to this investigation, or purchased shares of The Bancorp, you can assist this investigation by contacting either Edward N. Gewirtz or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.  Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Edward N. Gewirtz or Eitan Kimelman 212-697-6484
info@bgandg.com

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