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Market Impact: 0.22

Forbright Bank To Sell D.C.-Area Branches, $750 Mln Deposits To Trustar Bank

Banking & LiquidityM&A & RestructuringCompany Fundamentals

Forbright Bank, a unit of Forbright Inc., agreed to sell its legacy Washington, D.C.-area branches and related deposits to Trustar Bank. The announcement is a portfolio reshaping/divestiture with limited disclosed financial impact, so near-term effects are likely modest.

Analysis

Forbright Bank, a unit of Forbright Inc., agreed to sell its legacy Washington, D.C.-area branches and related deposits to Trustar Bank. The announcement is a portfolio reshaping/divestiture with limited disclosed financial impact, so near-term effects are likely modest.

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