BRIEF-Bancorp: Update On Pending Disposition Of A Certain Real Estate Bridge Lending Asset

Reuters

05-31

BRIEF-Bancorp: Update On Pending Disposition Of A Certain Real Estate Bridge Lending Asset

May 30 (Reuters) - Bancorp Inc TBBK.O:

BANCORP INC: UPDATE ON PENDING DISPOSITION OF A CERTAIN REAL ESTATE BRIDGE LENDING ASSET
BANCORP INC: ON MAY 30, PURCHASER FAILED TO CONSUMMATE CLOSING OR SECURE CLOSING EXTENSION PURSUANT TO TERMS OF AMENDMENT
BANCORP INC: ABSENT SATISFACTORY CURE BY PURCHASER, AGREEMENT OF SALE WILL TERMINATE
BANCORP INC: IN EVENT OF TERMINATION, CO WOULD RETAIN ALL EARNEST MONEY DEPOSITS RECEIVED TO DATE, TOTALING $3.0 MILLION

Source text: [ID:n0002039852-25-000101]

Further company coverage: TBBK.O

((Reuters.Briefs@thomsonreuters.com;))

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