Trustar Bank is acquiring assets from Maryland-based Forbright Bank.
Specifically, Trustar is acquiring Forbright branches in Potomac and North Bethesda, Maryland, as well as Forbright Bank’s customer service hub in McLean, Virginia.
The transaction includes approximately $750 million in local deposits for a deposit premium of approximately $19 million.
“We are very pleased to enter into this Agreement with Forbright Bank. I have tremendous respect for John Delaney, his team, and the organization they have built. This is a unique, strategically-aligned opportunity to strengthen Trustar Bank’s presence in our core markets, and add valuable deposits and relationships, positioning Trustar for growth. This transaction will efficiently add scale to our franchise and create long-term value for our shareholders,” Shaza Andersen, CEO of Trustar Bank, said.
The transaction is expected to close during the fourth quarter of 2026. Upon closing, the branches will be fully converted to operate as branches of Trustar Bank.
“We look forward to welcoming Forbright customers and employees to the Trustar family and to providing our comprehensive range of banking products and services at these new locations. Our team places a high value on personal connections and trust, and we are focused on ensuring a seamless transition while building on the valued relationships Forbright Bank has established,” Andersen added.
Trustar Bank is headquartered in Great Falls, Va., and it has full-service branches in Great Falls, Tysons Corner, and Reston, Virginia, as well as Bethesda, Maryland. It also has by appointment only branches in Arlington, Virginia and Washington, D.C.