Bancorp settles investor case over FDIC probe, loan losses
Bancorp investors have settled a claim following accusations that the company covered up $112.5m in loan losses and an FDIC probe into a breach of the Bank Secrecy Act. The company's stock price fell by 15% in April 2014 then by another 28% in June of the same year as it came clean about the extent of its bad-loan losses.

By Martin O'Sullivan (July 19, 2016, 12:16 PM EDT) -- A proposed class of investors in The Bancorp Inc. has settled claims that the financial services company concealed $112.5 million in loan losses as well as Bank Secrecy Act compliance issues leading to stock drops, according to a letter in Delaware federal court....

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