Forbright Bank sells Washington-area branches, USD 750 million deposits to Trustar Bank
FRBT•Closing expected in Q4 2026
Closing is targeted for Q4 2026, subject to regulatory approvals. The company said the transaction is expected to add to 2027 earnings.
Forbright agrees to sell legacy branches and deposits
Forbright Inc. agreed to sell Washington-area legacy branches and related deposits to Trustar Bank.
The deal includes about USD 750 million of local deposits for a deposit premium of about USD 19 million.
Strategic focus shifts to digital deposits and lending
The transaction exits local branch banking to sharpen focus on national digital deposits, middle-market lending, advisory and servicing.
