WILMINGTON, Del.--(BUSINESS WIRE)--
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 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 (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.
The Bancorp, Inc.
Andres Viroslav, 215-861-7990
aviroslav@thebancorp.com
Source: The Bancorp, Inc.