Bancorp Must Repay $12.5M Over Pandemic-Busted Deal

By Sarah Jarvis (April 25, 2022, 9:40 PM EDT) -- Bancorp Bank has been ordered to return a $12.5 million deposit to an asset manager over a "market disruption" clause in a $825 million securitization deal the two sides put together in 2020 but had to terminate due to the COVID-19 pandemic....

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