---
schema_version: "secwatch.filing_event.v1"
accession: "0002039852-24-000046"
form_type: "8-K"
ticker: "TBBK"
cik: "0001295401"
company_name: "Bancorp, Inc."
filed_at: "2024-12-26T23:59:59+00:00"
generated_at: "2026-05-28T23:13:14.940925+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bancorp updates on $41.1M apartment complex sale; earnest money raised to $1.6M, closing extended to March 2025

## Summary
- Apartment complex REO balance $41.1M as of Dec 19, 2024; under sale agreement covering balance plus improvement costs.
- Purchaser increased earnest money deposits to $1.6M from $500k in exchange for extending closing to March 21, 2025.
- Extension allows sale to be part of a larger transaction; if not consummated, $1.6M earnest money accrues to Bancorp.
- Company also in discussions to sell other loans, including balances reflected in classified loans.

## SEC filing metadata
- accession: 0002039852-24-000046
- form_type: 8-K
- ticker: TBBK
- cik: 0001295401
- company_name: Bancorp, Inc.
- filed_at: 2024-12-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1295401/000203985224000046/0002039852-24-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1295401/000203985224000046/bancorp8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002039852-24-000046
- JSON: https://secwatch.observer/filing/0002039852-24-000046.json
- Plain text: https://secwatch.observer/filing/0002039852-24-000046.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.