Acquiring Company
Trustar Bank
Acquired Company
Forbright Bank
VirginiaSan JuanFinancial ServicesFinanceLendingBankingFinancial ServicesReal EstateFinanceLendingBankingDescription
Trustar Bank has announced a $750 million acquisition of Forbright Bank's branches located in Potomac and North Bethesda, Maryland. This transaction also includes Forbright Bank's customer service hub in McLean, Virginia. With this acquisition, Trustar Bank aims to expand its local presence and deposit base. The transaction is part of Trustar Bank's strategy to enhance its services in the region.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Forbright Bank?
Forbright Bank was acquired by Trustar Bank, based in Virginia. The deal was reported on August 21, 2026. Trustar Bank is a full-service bank offering comprehensive banking products and services to small- and medium-sized businesses and consumers. It is the first bank to be chartered and opened in Virginia in over a decade. Trustar Bank is privately held and operates in Financial Services.
When did Trustar Bank acquire Forbright Bank?
Trustar Bank's acquisition of Forbright Bank was reported on August 21, 2026. Trustar Bank has announced a $750 million acquisition of Forbright Bank's branches located in Potomac and North Bethesda, Maryland. This transaction also includes Forbright Bank's customer service hub in McLean, Virginia. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Forbright Bank do?
It is privately held, operating in Financial Services, and is based in San Juan.
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