Forbright, a digital-first bank and commercial lender specializing in sustainable finance, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The Maryland-based bank traces its history back to Congressional Bank, and states that it offers a modern financial services platform spanning nationwide middle-market lending, digital consumer banking, strategic advisory and asset management services.
The Chevy Chase, MD-based company was founded in 2003 and booked $334 million in revenue for the 12 months ended March 31, 2026. It plans to list on the Nasdaq under the symbol FRBT. Forbright filed confidentially on February 13, 2026. Goldman Sachs, J.P. Morgan, and Barclays are the joint bookrunners on the deal. No pricing terms were disclosed.
