Trustar Bank has signed a transaction to acquire two Maryland branches and a Virginia service center from Forbright Bank, adding roughly $750 million in regional deposits to accelerate its growth across key local markets.
Trustar Bank is set to expand its regional market presence in the Greater Washington area following a definitive purchase and assumption agreement to absorb select operational locations from Forbright Bank. Under the deal, Trustar Bank will take control of retail branches operating in Potomac and North Bethesda, Maryland, alongside a customer service hub located in McLean, Virginia. The transaction incorporates approximately $750 million in local customer deposits, acquired for a deposit premium near $19 million.
Founded in 2019 and headquartered in Great Falls, Virginia, Trustar Bank is a state-chartered commercial banking institution operating as a primary subsidiary of Trustar Bankshares, Inc. The company offers a broad portfolio of personal and commercial financial solutions across physical branch networks situated in Northern Virginia, Maryland, and Washington, D.C.
This portfolio realignment allows Trustar Bank to secure established physical assets and deepen its deposit base in affluent suburban hubs within the National Capital Region. Acquiring $750 million in deposits provides a low-cost, stable source of liquidity to fund future lending activities and support core operational growth without establishing new de novo locations.
For regional financial institutions, deposit gathering remains highly competitive as institutions seek efficient scale and capital strength. The acquisition of established branch infrastructure and client accounts in high-net-worth jurisdictions offers immediate market depth, positioning Trustar Bank for improved earnings trajectory starting in 2027 while enabling Forbright Bank to optimize its geographic footprint.
The integration of these locations will expand accessible commercial and personal banking services to regional consumers and commercial clients. The transaction is slated for completion in the fourth quarter of 2026, subject to customary regulatory clearances and fulfillment of standard closing conditions, after which the acquired facilities will transition into Trustar Bank branches.
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