Forbright Bank agrees to sell Washington, D.C.-area branches and local deposits to Trustar Bank
FRBT•Strategic focus after the sale
The sale narrows Forbright's focus to national digital-first banking, middle-market commercial lending, and fee-based advisory and servicing.
Forbright's digital platform, launched in 2022, now exceeds 100,000 accounts.
Closing target and expected earnings impact
Closing is targeted for Q4 2026, and the transaction is expected to be accretive to 2027 earnings.
Forbright agrees to sell legacy Washington-area branches
Forbright Bank agreed to sell its Washington-area legacy branches and related deposits to Trustar Bank.
The deal includes about $750 million of local deposits, with a deposit premium set at about $19 million.
