0000950159-14-000396.txt : 20140813 0000950159-14-000396.hdr.sgml : 20140813 20140812195810 ACCESSION NUMBER: 0000950159-14-000396 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140812 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20140813 DATE AS OF CHANGE: 20140812 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Bancorp, Inc. CENTRAL INDEX KEY: 0001295401 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 233016517 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51018 FILM NUMBER: 141035517 BUSINESS ADDRESS: BUSINESS PHONE: 302-385-5000 MAIL ADDRESS: STREET 1: 409 SILVERSIDE ROAD CITY: WILMINGTON STATE: DE ZIP: 19809 8-K 1 bancorp8k.htm THE BANCORP, INC. FORM 8-K bancorp8k.htm
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  August 12, 2014
 
The Bancorp, Inc.
(Exact name of registrant as specified in its charter)
 
Commission File Number:  000-51018
 
Delaware
000-51018
23-3016517
(State or other jurisdiction of
(Commission File Number)
(IRS Employer
incorporation)
  
Identification No.)
 
409 Silverside Road
Wilmington, DE 19809
(Address of principal executive offices, including zip code)
 
302-385-5000
(Registrant’s telephone number, including area code)
 
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
[  ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
[  ]
 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
[  ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
[  ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 
 
 
 
 
 
 

Item 7.01.  Regulation FD Disclosure.
 
The Bancorp, Inc. (“Bancorp”) (NASDAQ: TBBK), a financial holding company, issued a press release on August 12, 2014 regarding its quarterly earnings press release for the second quarter of 2014, which was issued on July 23, 2014.  The press release is attached hereto as Exhibit 99.1.
 
The information contained herein or attached hereto is furnished and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information contained in Item 7.01 of this Current Report shall not be incorporated by reference into any registration statement or any other document filed pursuant to the Securities Act of 1933, as amended, except as otherwise expressly stated in such filing.
 
Item 9.01.  Financial Statements and Exhibits.
 
(d)       Exhibits
 
                99.1        Press release
 
 
 
 
 
 
 
 
 
 
Signature(s)
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
Date:  August 12, 2014
  
The Bancorp, Inc.
  
       
       
   
By:  /s/ Paul Frenkiel
   
Name: Paul Frenkiel
   
Title:  Chief Financial Officer and
            Secretary
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EXHIBIT INDEX
 
Exhibit No.
  
Description
 
  

 
 
 
 
 
 
 EX-99.1 2 ex99-1.htm EXHIBIT 99.1 ex99-1.htm
Exhibit 99.1
 
 

The Bancorp, Inc. Second Quarter 2014 Earnings Update

Wilmington, DE – August 12, 2014 – The Bancorp, Inc. ("Bancorp") (NASDAQ: TBBK), a financial holding company, announced that as reported in the Quarterly Report on Form 10-Q for the second quarter of 2014 filed with the SEC on August 11, 2014, Bancorp had net income of $338,000 for the quarter rather than a net loss of approximately $5,500,000 as previously announced.  Subsequent to the earnings release, Bancorp concluded that approximately $7,040,000, pretax, of non-interest expense, related to look back and consulting expenses required by the  June, 2014 FDIC BSA order, will be recognized when the services are performed,  expected to be in the third and fourth quarter of the current year.  The Company had initially intended to recognize these expenses in the second quarter just ended, resulting in the loss originally announced.

About Bancorp
The Bancorp, Inc. is a financial holding company that operates The Bancorp Bank, an FDIC-insured commercial bank that delivers a full array of financial services both directly and through private-label affinity programs.  The Bancorp Bank’s regional community bank operations serve the needs of small and mid-size businesses and their principals in the Philadelphia-Wilmington region.

The Bancorp, Inc. Contact
Andres Viroslav
215-861-7990
aviroslav@thebancorp.com