The Bancorp Receives Letter from Nasdaq Regarding its June 30, 2015 Form 10-Q Filing
August 14 2015 - 4:05PM
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 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150814005009/en/
The Bancorp, Inc.Andres Viroslav,
215-861-7990aviroslav@thebancorp.com
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