---
schema_version: "secwatch.filing_event.v1"
accession: "0002039852-25-000066"
form_type: "8-K/A"
ticker: "TBBK"
cik: "0001295401"
company_name: "Bancorp, Inc."
filed_at: "2025-03-26T23:59:59+00:00"
generated_at: "2026-05-24T04:46:35.758540+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Bancorp updates on $42.3M apartment complex sale; earnest money raised to $3M

## Summary
- Loan balance of $42.3M as of 3/25/25; sale price expected to cover balance plus improvement costs.
- Amendment requires additional $1.4M earnest money deposit by 4/7/25, bringing total to $3.0M.
- Purchaser to invest up to $1.9M in property by 5/23/25; closing extended to 5/23/25.
- Two optional 30-day extensions available at $1.0M each; if sale fails, deposits and investments accrue to Bancorp.

## SEC filing metadata
- accession: 0002039852-25-000066
- form_type: 8-K/A
- ticker: TBBK
- cik: 0001295401
- company_name: Bancorp, Inc.
- filed_at: 2025-03-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1295401/000203985225000066/0002039852-25-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1295401/000203985225000066/bancorp8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002039852-25-000066
- JSON: https://secwatch.observer/filing/0002039852-25-000066.json
- Plain text: https://secwatch.observer/filing/0002039852-25-000066.txt

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