Trustar Bank has signed an agreement to acquire two Maryland branches and a Virginia customer service hub from Forbright Bank in a transaction that includes approximately $750 million in local deposits.
Trustar will pay a deposit premium of approximately $19 million and expects the acquisition to be accretive to 2027 earnings.
The deal includes Forbright’s branches in Potomac and North Bethesda, Maryland, along with its customer service hub in McLean, Virginia.
The acquired locations will expand Trustar’s presence across its existing Washington, D.C.-area markets while adding deposits and customer relationships.
Trustar currently operates full-service branches in Great Falls, Tysons Corner and Reston, Virginia, and Bethesda, Maryland.
It also maintains appointment-only branches in Arlington, Virginia, and Washington, D.C. Upon closing, the acquired locations will become Trustar Bank branches.
The transaction is subject to regulatory approval and other customary closing conditions and is expected to close during the fourth quarter of 2026.
Support: Troutman Pepper Locke is serving as legal adviser to Trustar, while RP Financial is acting as financial adviser.
KEY QUOTES:
“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.”
“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.”
Shaza Andersen, CEO Of Trustar Bank
