Brief: Bancorp: Update On Pending Disposition Of A Certain Real Estate Bridge Lending Asset
30/05/2025 23:14
May 30 (Reuters) - Bancorp Inc TBBK.O: BANCORP INC: UPDATE ON PENDING DISPOSITION OF A CERTAIN REAL ESTATE BRIDGE LENDING ASSET BANCORP INC: ON MAY 30, PURCHASER FAILED TO CONSUMMATE CLOSING OR SECURE CLOSING EXTENSION PURSUANT TO TERMS OF AMENDMENT BANCORP INC: ABSENT SATISFACTORY CURE BY PURCHASER, AGREEMENT OF SALE WILL TERMINATE BANCORP INC: IN EVENT OF TERMINATION, CO WOULD RETAIN ALL EARNEST MONEY DEPOSITS RECEIVED TO DATE, TOTALING $3.0 MILLION Source text: [ID:n0002039852-25-000101] Further company coverage: TBBK.O ((Reuters.Briefs@thomsonreuters.com;))