Tag : Forbright Bank

Forbright Bank to Sell Branches and Local Deposits to Trustar Bank, Sharpening Focus on National Digital-First Growth
Banking Finance News

Forbright Bank to Sell Branches and Local Deposits to Trustar Bank, Sharpening Focus on National Digital-First Growth

Business Wire
by Business Wire0
Forbright Bank (“Forbright”) announced that it has entered into an agreement to sell its Washington, D.C.-area legacy branches and associated deposits to Trustar Bank. The transaction will include branches in Potomac and North Bethesda, Maryland, a customer service hub in McLean, Virginia, and approximately $750 million in local deposits for......
Trustar Bank Announces $750 Million Branch Acquisition from Forbright Bank
Banking Finance News

Trustar Bank Announces $750 Million Branch Acquisition from Forbright Bank

Business Wire
by Business Wire0
Trustar Bank, the wholly-owned banking subsidiary of Trustar Bankshares, Inc. (the “Company”) announced the signing of a purchase and assumption agreement (the “Agreement”), under which Trustar Bank will acquire Forbright Bank’s branches in Potomac and North Bethesda, Maryland, as well as Forbright Bank’s customer service hub in McLean, Virginia (the......
Daily Fintech Series Roundup: Top Fintech News, Analytics and Insights 1st March 2023
Fintech News

Daily Fintech Series Roundup: Top Fintech News, Analytics and Insights

Fintech Staff Writer
by Fintech Staff Writer0
FTS Daily Roundup starts today! We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in Fintech insights, Trending fintech news, Crypto, Fintech SaaS, Fintech Cloud, Analytics and AI ML. We will cover the role of FTS Daily Roundup and its application in various industries and......
Forbright Bank Finances $6.4 Million Affordable Housing Project in Massachusetts
Finance Lending News

Forbright Bank Finances $6.4 Million Affordable Housing Project in Massachusetts

Business Wire
by Business Wire0
Financing from Forbright was provided under the U.S. Department of Housing and Urban Development’s Multifamily Acquisition and Refinancing program (223f) Forbright Bank, a nationwide full-service bank helping accelerate the transition to a sustainable economy, utilized its newly established Housing and Urban Development (HUD) Lending platform to provide a $6.4 million......
Koalafi Closes Multi-Million Dollar Warehouse Facility with Forbright Bank
Banking Finance News

Koalafi Closes Multi-Million Dollar Warehouse Facility with Forbright Bank

Fintech News Desk
by Fintech News Desk0
Secured Debt Facility Enables Koalafi to Further Scale Expansion of Loan Financing to Serve More Consumers Through an Innovative Single Application Koalafi, a fast-growing consumer financing provider committed to providing innovative pay-over-time options to customers from all credit backgrounds, announced today the signing of a multi-million secured debt facility from......
Forbright Bank Signs the UN Principles for Responsible Banking
Banking News

Forbright Bank Signs the UN Principles for Responsible Banking

Fintech News Desk
by Fintech News Desk0
Congressional Bank, which recently announced its intent to rebrand as Forbright Bank, has become an official Signatory of the UN Principles for Responsible Banking – a single framework for a sustainable banking industry developed through a partnership between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI). Forbright is......
1