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The Bancorp regains compliance with Nasdaq requirement

The Bancorp Inc. has regained compliance with a Nasdaq Stock Market requirement stating that companies' audit committees must not have members who had participated in the preparation of companies' financial statements during the past three years.

The Wilmington, Del.-based company met this requirement upon the May 14 resignation of John Chrystal from its audit committee. Chrystal, a director appointed to the audit committee on Jan. 1, served as interim CEO from January 2016 to June 2016. He was deemed to have participated in the preparation of the company's financial statements during that time.