Forbright Bank To Sell D.C.-Area Branches, $750 Mln Deposits To Trustar Bank
(RTTNews) - Forbright Bank, a unit of Forbright Inc. (FRBT) said Friday it has agreed to sell its legacy branches in the Washington, D.C., area and associated deposits to Trustar Bank.
(RTTNews) - Forbright Bank, a unit of Forbright Inc. (FRBT) said Friday it has agreed to sell its legacy branches in the Washington, D.C., area and associated deposits to Trustar Bank.
BELLINGS Intelligence Score: 12
Why it matters
The sale of $750 million in deposits and branches between two regional banks is routine business activity with limited broader market impact or novelty.
Sources
Nasdaq
Forbright Bank To Sell D.C.-Area Branches, $750 Mln Deposits To Trustar Bank
(RTTNews) - Forbright Bank, a unit of Forbright Inc. (FRBT) said Friday it has agreed to sell its legacy branches in the Washington, D.C., area and associated deposits to Trustar Bank.