Brief: Bancorp Inc - Agreed To Resolve Investigation By Consenting To The Entry Of An Order By The SEC

Bancorp

24/08/2022 22:20

Aug 24 (Reuters) - Bancorp Inc  TBBK.O :
    * BANCORP INC -  AGREED TO RESOLVE INVESTIGATION BY
CONSENTING TO
THE ENTRY OF AN ORDER BY THE SEC
    * BANCORP INC -   WILL PAY A PENALTY OF $1.75 MILLION TO THE
SEC
    * BANCORP INC -  WILL RECOGNIZE A CHARGE IN ITS THIRD FISCAL
QUARTER IN THE AMOUNT OF THE SETTLEMENT PAYMENT
    * BANCORP - WILL CEASE & DESIST FROM COMMITTING OR CAUSING
ANY
VIOLATIONS OF BOOKS-AND-RECORDS PROVISIONS OF SECURITIES
EXCHANGE ACT

Source text for Eikon: [https://bit.ly/3CLnWBt]
Further company coverage:  TBBK.O 

 ((Reuters.Briefs@thomsonreuters.com;))