Bancorp International Group Inc Announces That The Active Cusip Number for the Company is 05968X205 And That Cusip 05968X106 Had Not Been Acitve Since January 2006

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Scottrade are not shown on Bancorps share register as holding shares in their own name. Cede and Co only hold 645,800 shares of the this stock

Mr Thomas Megas CEO of Bancorp International Group Inc (BCIT) announced that in February 2011, he requested Carlton Huxley, a UK firm of legal & law enforcement consultants, to carry out a review of the situation with a view to reactivating the company.

Kathleen O'Neil a FINRA arbitrator said in her written explanation of FINRA Arbitration 11-00018 dated September 20, 2011,at FINRA Dispute Resolution, One Liberty Plaza, 165 Broadway, 52nd Floor, New York, that she found that Scottrade were unable to deliver the share certificates due to the actions of a third party, i.e., the Depository Trust & Clearing Corporation [DTCC], who had placed a “global lock” on BCIT, shares cusip 05968x106 on August 16, 2005. See the attached for further details.

The Standard & Poors Data Collection and Global Cusip Services office states that the Cusip number 05968x106 was not the active cusip number at the time of the arbitration and had not been active since January 2006. See pdf document from Cusip office

Patrick Mokros President of Empire Stock Transfer Inc.,the Transfer Agents for Bancorp International Group Inc., states that DTCC systems show that the correct Cusip number at the time of the Arbitration was not subject to any chills or locks. A letter dated 4th January confirming that Empire Stock have been the transfer agents since 2007 and that Cede & Co have a total of 645,800 Bancorp shares is attached.

Mr Megas also states that it is a matter of fact that the company share register does not show Scottrade as holding any Bancorp shares in its own name and that DTCC states that if a participant trade during the DTCC lock they do so without DTCC involvement, and must be in physical possession of the securities and be willing to settle directly without DTCC involvement.

This matter was brought to the attention of Terri L Reicher Associate General Counsel FINRA who stated that it was not a FINRA matter and so has been referred to Office of the Attorney General, Investor Protection Bureau for further investigation and consideration.

Thomas Megas
Bancorp International Group Inc


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