FDIC Terminates Consent Order Against Bancorp Bank

FDIC Terminates Consent Order Against Bancorp Bank

  • Posted: 05/15/2020
  • Castle Creek

Copyright © 2020, SNL Financial

By Arra Francia

The Federal Deposit Insurance Corp. notified Wilmington, Del.-based Bancorp Bank that it has lifted the consent order dated June 5, 2014, against the bank.

The termination was effective May 14, according to the Form 8-K filing.

The lifting of the consent order was related to the bank’s compliance with the Bank Secrecy Act and anti-money laundering and sanctions controls, the filing said. 

Bancorp Bank is a unit of The Bancorp Inc.

Follow this link to continue reading this news story