Bancorp, Inc. Reports Change in Certifying Accountant
Ticker: TBBK · Form: 8-K · Filed: Mar 8, 2024 · CIK: 1295401
| Field | Detail |
|---|---|
| Company | Bancorp, Inc. (TBBK) |
| Form Type | 8-K |
| Filed Date | Mar 8, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, 8-k
TL;DR
Bancorp changed its auditor, filing 8-K on March 8, 2024.
AI Summary
The Bancorp, Inc. filed an 8-K on March 8, 2024, reporting a change in its certifying accountant as of March 4, 2024. The filing also includes financial statements and exhibits. The company is incorporated in Delaware and its principal executive offices are located at 409 Silverside Road, Wilmington, DE.
Why It Matters
A change in a company's auditor can signal potential issues or a strategic shift in financial oversight, which investors should monitor.
Risk Assessment
Risk Level: low — This filing primarily concerns administrative changes related to the company's auditor and does not appear to involve significant financial or operational risks.
Key Players & Entities
- The Bancorp, Inc. (company) — Registrant
- March 4, 2024 (date) — Date of earliest event reported
- March 8, 2024 (date) — Date of report
- Delaware (jurisdiction) — State of incorporation
- 409 Silverside Road, Wilmington, Delaware 19809 (address) — Principal registered offices
FAQ
What is the primary reason for the change in Bancorp, Inc.'s certifying accountant?
The filing does not explicitly state the reason for the change in certifying accountant, only that it occurred as of March 4, 2024.
When was this Form 8-K filed with the SEC?
This Form 8-K was filed on March 8, 2024.
What is the exact name of the registrant?
The exact name of the registrant is The Bancorp, Inc.
In which state is The Bancorp, Inc. incorporated?
The Bancorp, Inc. is incorporated in Delaware.
What is the address of The Bancorp, Inc.'s principal registered offices?
The address of The Bancorp, Inc.'s principal registered offices is 409 Silverside Road, Wilmington, Delaware 19809.
Filing Stats: 804 words · 3 min read · ~3 pages · Grade level 13.1 · Accepted 2024-03-08 06:05:14
Key Financial Figures
- $1.00 — ch registered Common Stock, par value $1.00 per share TBBK NASDAQ Global Select M
Filing Documents
- bancorp8k.htm (8-K) — 28KB
- ex16-1.htm (EX-16.1) — 2KB
- 0000950159-24-000106.txt ( ) — 198KB
- tbbk-20240304.xsd (EX-101.SCH) — 3KB
- tbbk-20240304_lab.xml (EX-101.LAB) — 33KB
- tbbk-20240304_pre.xml (EX-101.PRE) — 22KB
- bancorp8k_htm.xml (XML) — 3KB
01. Change in Registrant's Certifying Accountant
Item 4.01. Change in Registrant's Certifying Accountant On March 4, 2024, the Audit Committee (the "Audit Committee") of the Board of Directors of The Bancorp, Inc. (the "Company") appointed Crowe LLP ("Crowe") as the Company's independent registered public accounting firm for the year ending December 31, 2024, to be effective upon the execution of an engagement letter and related completion of Crowe's standard client acceptance procedures, including independence procedures. During the fiscal years ended December 31, 2023 and 2022, and the subsequent interim period through the date of this report, neither the Company nor anyone on its behalf consulted with Crowe regarding: (i) the application of accounting principles to a specified transaction, either completed or proposed, nor the type of audit opinion that might be rendered on the Company's financial statements, and neither a written report was provided to the Company nor oral advice provided that Crowe concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue; or (ii) any matter that was the subject of a disagreement or a "reportable event" as described in Items 304(a)(1)(iv) and (v), respectively, of Regulation S-K. In connection with the appointment of Crowe, on March 4, 2024, the Audit Committee dismissed Grant Thornton LLP ("Grant Thornton") as the Company's independent registered public accounting firm effective immediately. Grant Thornton's audit reports on the Company's consolidated financial statements as of and for the years ended December 31, 2023 and 2022 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles. During the fiscal years ended December 31, 2023 and 2022, and the subsequent interim period through the date of this report, there were: (i) no disagreements within the meaning of Item 304(a)(1)(iv) of Regulatio
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 16.1 Letter from Grant Thornton LLP to the Securities and Exchange Commission dated March 8, 2024. 104 Cover Page Interactive Data Filed (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: March 8, 2024 The Bancorp, Inc. By: /s/ Paul Frenkiel Name: Paul Frenkiel Title: Chief Financial Officer and Corporate Secretary