---
schema_version: "secwatch.filing_event.v1"
accession: "0002039852-25-000101"
form_type: "8-K/A"
ticker: "TBBK"
cik: "0001295401"
company_name: "Bancorp, Inc."
filed_at: "2025-05-30T23:59:59+00:00"
generated_at: "2026-05-20T04:06:04.844007+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bancorp’s $42.9M OREO apartment sale fails; retains $3M earnest money

## Summary
- Purchaser failed to close on May 30, 2025, or secure extension per amended agreement.
- Underlying loan balance for the apartment complex is $42.9M as of May 15, 2025.
- Company retains $3.0M earnest money deposits plus any additional purchaser investments.
- Amendment had allowed up to two 30/60-day extensions at $1.0M each; unused.
- Absent cure, agreement of sale terminates; property remains on Bancorp’s books.

## SEC filing metadata
- accession: 0002039852-25-000101
- form_type: 8-K/A
- ticker: TBBK
- cik: 0001295401
- company_name: Bancorp, Inc.
- filed_at: 2025-05-30T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1295401/000203985225000101/0002039852-25-000101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1295401/000203985225000101/bancorp8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002039852-25-000101
- JSON: https://secwatch.observer/filing/0002039852-25-000101.json
- Plain text: https://secwatch.observer/filing/0002039852-25-000101.txt

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