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.