---
schema_version: "secwatch.filing_event.v1"
accession: "0002039852-25-000077"
form_type: "8-K/A"
ticker: "TBBK"
cik: "0001295401"
company_name: "Bancorp, Inc."
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-22T23:53:16.883925+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Bancorp updates on $42.5M real estate bridge loan sale; closing remains May 23, 2025

## Summary
- Underlying loan balance on apartment complex is $42.5M as of March 31, 2025; sales price expected to cover balance plus improvement costs.
- Purchaser increased earnest money deposits to $3.0M (additional $1.4M); $1.325M of that paid, remainder due promptly.
- Purchaser committed to additional investments up to $1.9M prior to closing; closing target May 23, 2025 with up to two 30-day extensions at $1M each.
- If sale not consummated, earnest money and other purchaser investments would accrue to Bancorp.

## SEC filing metadata
- accession: 0002039852-25-000077
- form_type: 8-K/A
- ticker: TBBK
- cik: 0001295401
- company_name: Bancorp, Inc.
- filed_at: 2025-05-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1295401/000203985225000077/0002039852-25-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1295401/000203985225000077/bancorp8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002039852-25-000077
- JSON: https://secwatch.observer/filing/0002039852-25-000077.json
- Plain text: https://secwatch.observer/filing/0002039852-25-000077.txt

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