BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors that all purchasers of the securities of The Bancorp, Inc. ("Bancorp" or the "Company") (NASDAQ:TBBK) between April 24, 2013 and June 10, 2014, inclusive (the “Class Period”) have until September 16, 2014, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit.
Bancorp operates as the financial holding company for its wholly owned subsidiary The Bancorp Bank, which provides commercial and retail banking products and services to small and mid-size businesses in the United States. The Complaint alleges that defendants made false and/or misleading statements or failed to disclose that the Company had under-reserved for loan losses due to adverse loans, that Bancorp's operations and credit practices were in violation of the Bank Secrecy Act, and that the Company's financial statements were materially false and misleading at all relevant times.
If you are a member of the Class described above, you may move the Court no later than September 16, 2014, to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, 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 email@example.com, or visit our website at http://www.howardsmithlaw.com.