SEC
Whistleblower
Attorneys

September 20, 2019

The Bancorp, Inc., James David Hilty, Donald F. McGraw, Jr.

Financial Fraud

SANCTION AMOUNT: $1500000

Defendants: The Bancorp, Inc.
James David Hilty, Donald F. McGraw, Jr.

Respondents were a bank holding company and two of its officers, the Chief Risk Officer and Chief Credit Officer. They agreed to settle charges of reporting, recordkeeping, and internal controls failures in connection with the company's commercial loan portfolio, leading it to drastically understate Provision and Allowance line items for loan and lease losses.

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