Articles from Forbright Bank

Despite mixed economic news throughout 2025, Forbright Bank Growth Savings customers report a high level of confidence in their money management skills and habits compared to the general population, according to results announced today from Forbright Bank’s 2025 Savings Survey. The survey of 1,317 respondents was designed to better understand how high-yield savings account holders view their financial health, especially during a time of economic uncertainty. The results may offer valuable insights for consumers, policymakers, and banking professionals across the country.

Forbright Bank and the American Red Cross are marking Giving Tuesday with the announcement of a gift that will help save lives: Sponsorship of a hybrid vehicle supporting blood operations and disaster relief across the region.

Forbright Bank, a nationwide bank and commercial lender, today announced a new collaboration with the National Geographic Society, a global nonprofit organization dedicated to exploring and protecting our planet. As part of the collaboration, Forbright Bank will support conservation work along Florida’s Gulf Coast and the building of the National Geographic Museum of Exploration at the Society’s headquarters in Washington, D.C.

The Sustainable Solutions Summit returns to the D.C. region this summer, bringing together local students and business leaders to tackle real-world environmental challenges and compete for prizes. Hosted by the Black Student Fund and Forbright Bank, entrepreneurial high school students will collaborate with leading sustainability experts to develop business plans that aim to solve environmental issues. This year, students will focus on three core challenge areas: sustainable fashion, sustainable urban development & infrastructure, and water resources management. Currently, students from 22 schools across DC, MD, and VA will pitch their business ideas to a panel of expert judges for feedback and prizes.

Forbright Bank is pleased to announce that Jonathan Grenier has been promoted to President of Healthcare Lending. Grenier previously served as a Managing Director of Forbright’s Healthcare Lending division where he has worked since 2016. In that role, he co-led the Bank’s healthcare originations and underwriting where he provided vital access to capital to hundreds of skilled nursing and post-acute facilities, seniors housing, and behavioral health providers.

Forbright Bank is proud to announce that U.S. News & World Report has named its Growth Savings account as the 2025 Money Awards Editor’s Choice: Saving Money While Doing Good. The award was determined using U.S. News & World Report’s comprehensive and data-driven methodology including analyzing factors like annual percentage yield, customer complaints, and more. Forbright launched its Growth Savings account in June 2024, which has proven to be a popular pick among consumers seeking an account with a competitive rate, no minimums, no fees, and no hidden charges.

Forbright Bank successfully closed a $44.2 million HUD loan for a skilled nursing, assisted living, and memory care facility in California. The financing, provided under the HUD 232/223(f) program, will support a 318-bed facility as it provides seniors in the San Jose area with personalized and specialized care. The loan was closed in partnership with Forbright Bank’s Healthcare Lending team which provided bridge financing for the acquisition of the facility in 2022.

Forbright Bank’s Healthcare and HUD lending teams closed 2024 with strong deal activity and enter 2025 well-positioned to provide customized lending solutions to healthcare facilities nationwide. Last year, the Healthcare and HUD lending teams provided more than $400 million in financing to organizations in more than a dozen states. Healthcare providers took advantage of Forbright Bank’s one-stop healthcare lending solutions including bridge loans, revolvers, and HUD financing, and the Bank’s financing helped support the growth and operational stability of seniors housing, skilled nursing, and behavioral health facilities.

Forbright Bank is pleased to announce its recognition as the Best Eco-Friendly Bank in America by Bankrate as part of the aggregators’ Best Products in Personal Finance 2025 Awards. Given to Forbright Bank due to its commitment to sustainability, responsible lending practices, and Fossil-Free certification, the award is in its inaugural year and comes in response to consumers’ sustained interests in services and products that prioritize sustainability and climate-friendly operations.

The Black Student Fund and Forbright Bank will host the second-annual Sustainable Solutions Summit for D.C.-area high school students from June 24-28. The weeklong event gives entrepreneurial high school students the opportunity to collaborate with leading sustainability experts to develop and present business plans to help solve local environmental issues. Students with winning ideas will receive scholarship funding and connections to help them throughout their career.

Forbright Bank, a nationwide bank and lender helping accelerate the transition to a sustainable and low-carbon economy, today announced the release of its 2023 Sustainability Report. The report highlights the Bank’s progress on environmental and social initiatives across its lending activities, operations, and community partnerships. It also demonstrates how Forbright’s core principles of sustainability and responsibility continue to resonate with customers, clients, employees, and investors.

Forbright Bank, a nationwide FDIC insured bank helping accelerate the transition to a sustainable and low-carbon economy, today announced Growth Savings, a new online high yield savings account to help customers save for their future while helping support a brighter, more sustainable future. With a 5.30% APY*, Growth Savings offers a competitive rate, no minimums, no fees, and no hidden charges – enabling customers to grow their money while contributing to a more sustainable tomorrow thanks to Forbright Bank’s commitment to responsible and sustainable banking. As part of the nationwide launch, Growth Savings customers can qualify to receive an America the Beautiful National Parks and Federal Recreational Lands Pass to visit any of the country’s more than 400 national parks.

Forbright Bank’s Healthcare Lending team closed three new loans in the first quarter of 2024. The loans, all provided to well established owners/operators, helped finance the acquisition of two assisted-living facilities in the Midwest and two skilled-nursing facilities in the Southeast. In total, more than $50 million of bridge and bridge-to-HUD lending financed about 500 beds for seniors across four facilities.

Forbright Bank, a nationwide full-service bank helping accelerate the transition to a sustainable and low-carbon economy, announced support for the National Park Foundation to help fund their mission and programs to expand protection of America’s park lands and connect more people to the country’s more than 400 national parks. The partnership, which arose out of the two organizations’ shared commitment to protecting and conserving America’s natural treasures, was set in motion with Forbright making a $250,000 donation to the National Park Foundation, and Forbright will continue its engagement through employee initiatives and special offerings.

Forbright Bank, a nationwide full-service bank and lender helping accelerate the transition to a sustainable and low-carbon economy, experienced a successful 2023 due to strong credit performance, new online and in-person deposit platforms, continued focus on serving our customers through sustainable and responsible business practices, and an ongoing commitment by the Bank’s Board and management team to operate in a safe and sound manner.

Forbright Bank, a nationwide full-service bank helping accelerate the transition to a sustainable and low-carbon economy, is proud to be recognized as one of American Banker’s Best Banks to Work For 2023. Forbright’s workplace culture reflects the Bank’s approach to sustainability which runs throughout its lending, operations, and community impact.

Forbright Bank, a nationwide full-service bank helping accelerate the transition to a sustainable economy, today announced $26.5 million in financing for the successful acquisition of a Maryland skilled nursing and assisted living facility by a top tier regional operator. This deal marks the seventh successful transaction between Forbright Bank and the Borrower.

Forbright Bank, a nationwide full-service bank helping accelerate the transition to a sustainable economy, utilized its newly established Housing and Urban Development (HUD) Lending platform to provide a $6.4 million loan to Willow Apartments in Lynn, Massachusetts. The financing, provided under the U.S. Department of Housing and Urban Development's Multifamily Acquisition and Refinancing program (223f), will help the affordable housing project continue to serve the community for many years to come.

Forbright Bank, a nationwide full-service bank helping accelerate the transition to a sustainable economy, today announced that Aaron Juda has been promoted to Chief Strategy Officer and President of Consumer Banking, Leanne Ladd will expand her responsibilities as Chief Administrative Officer, and Chris Lynch joined as the Chief Financial Officer of Forbright Bank and Forbright, Inc., the holding company of Forbright Bank.

From July 10-14, the Black Student Fund and Forbright Bank will host the first-ever Sustainable Solutions Summit, a weeklong event where high school students from the Washington, DC area will collaborate with leading sustainability experts to write and present business plans to help solve local environmental issues.

Forbright Bank, a nationwide full-service bank helping accelerate the transition to a clean energy economy, today announced the release of its 2022 Sustainability Report. The report highlights the Bank’s progress on environmental and social initiatives across its lending activities, operations, and community partnerships. It also demonstrates how Forbright continues to be a leader in sustainable finance.

Forbright Bank, a nationwide full-service bank that is helping accelerate the transition to a clean energy economy announced that it has closed on a debt financing deal to build a new wasted food to renewable energy facility in Turlock, CA. The facility, owned by Divert, Inc., will process 100,000 tons of food waste per year and turn it into renewable energy.

Forbright Bank, a nationwide bank focused on decarbonization, is proud to have received Fossil-Free Certification, joining an alliance of banks and credit unions that have pledged to not finance fossil fuel companies or projects moving forward.

Forbright Bank, a nationwide bank focused on decarbonization, today announced the launch of a new high-yield Certificate of Deposit (CD) to help Americans earn more and accelerate the transition to a clean energy economy. Forbright’s 5.25% APY* on a 12-month term CD is available nationwide, and this FDIC-insured product helps Americans take a high-impact step to living more sustainably.

As part of its commitment to building a nationwide full-service bank focused on decarbonization, Forbright announced today that Jim Sigman has joined the Bank as Senior Advisor and Matthew Quale has joined the Bank as President of Digital Banking.

Forbright Inc. announced that proceeds of its inaugural Green Bond have been successfully allocated and resulted in nearly 12,000 metric tons of estimated annual carbon equivalent emissions avoided. In December 2021, Forbright Inc. – the holding company of Forbright Bank – issued a $125 million Green Bond. Today’s Green Bond Report demonstrates how proceeds have been distributed to renewable energy and energy efficiency projects nationwide and how the financing has made a difference in reducing greenhouse emissions.

Forbright Bank, a nationwide full-service bank that is helping accelerate the transition to a clean energy economy, has successfully raised and syndicated debt facilities for Infinigen Renewables, a subsidiary of ArcLight Energy Partners Fund VII, L.P., (together with its affiliates, "ArcLight").

Forbright, Inc. and Forbright Bank today announced three new executives who will oversee the finance and communications departments as the Bank continues to accelerate the transition to a sustainable and clean energy economy.

Forbright announced today three additions to its executive management team to position the Bank for long-term success and continue building a nationwide full-service bank that is helping accelerate the transition to a sustainable and clean energy economy. Together, these individuals bring more than six decades of experience and will oversee the Bank’s risk management, BSA/AML compliance and legal departments.

Today, Forbright Bank releases its inaugural Environmental, Social, and Governance (ESG) Report for the 2021 calendar year. Forbright is a purpose-driven, full-service bank committed to playing a central role in accelerating the transition to a sustainable and clean energy economy. Headquartered in Chevy Chase, Maryland, Forbright actively integrates ESG best practices into its mission, across its operations, and as a part of its loan selection and capital allocation processes. Forbright’s mission is to enable businesses and consumers to achieve their diverse banking needs in a way that drives more sustainable outcomes for communities and society as a whole.