Forbright Bank agrees to sell Washington, D.C.-area branches and local deposits to Trustar Bank
Reuters2026/08/21 10:28- Forbright Bank agreed to sell its Washington-area legacy branches and related deposits to Trustar Bank.
- Deal includes about $750 million of local deposits; deposit premium set at about $19 million.
- Closing targeted for Q4 2026; expected to be accretive to 2027 earnings.
- Sale narrows focus to national digital-first banking, middle-market commercial lending, fee-based advisory and servicing.
- Digital platform launched in 2022; now exceeds 100,000 accounts.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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