Forbright Bank
Corporate brand
UnclaimedForbright Bank is a Maryland-headquartered, FDIC-insured American bank focused on environmentally oriented deposits, sustainable finance, direct lending, and digital banking.
Last updated August 31, 2026
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Overview
Forbright Bank is an FDIC-insured American bank headquartered in Chevy Chase, Maryland. The institution operates across commercial and consumer banking, with a distinctive emphasis on financing activities intended to support energy efficiency, renewable energy, and other environmental objectives. Its offering includes online banking products, savings and certificates of deposit, direct lending, and sustainability-linked financing. The bank has also participated in specialized solar and energy-efficiency finance through acquisitions and related operating businesses. The institution began operations in 2003 as Congressional Bank, initially as a Maryland-chartered trust company. Its corporate development included the 2016 acquisition of American Bank Holdings and, in 2018, the acquisition of the operating business and a substantial portion of the assets of Alliance Partners LLC. Alliance Partners subsequently became a wholly owned subsidiary of Forbright Bank and serves as the asset manager for BancAlliance, a network-oriented banking platform. In 2021, Congressional Bank acquired The Energy Loan Network, a residential solar and energy-efficiency financing company. This transaction reinforced the bank’s specialization in consumer and project finance associated with energy improvements. In 2022, Congressional Bank adopted the Forbright Bank name. The rebrand presented the institution as a bank organized around positive environmental impact and was accompanied by a partnership with the National Park Foundation to support conservation. The bank also announced sustainability-linked financing and the issuance of a green bond during the same period. From 2023 onward, Forbright expanded its consumer digital-banking range with online savings and certificate-of-deposit products, including offerings marketed around environmentally responsible use of deposits. Its Growth Savings account received external recognition in the U.S. News & World Report Money Awards, while BestCashCow.com later gave the bank a Sustainable Bank Badge. Forbright has also faced regulatory scrutiny. In 2024, reports described concerns related to its funding model, including reliance on non-core funding sources and brokered deposits, as well as issues connected with its Community Reinvestment Act examination and compliance. Subsequent reporting indicated that the bank resolved the supervisory matter and that regulators lifted the consent order in 2025. In 2025, Forbright acquired assets of Mosaic Inc., a residential solar provider that had entered bankruptcy. In June 2026, the bank reportedly disclosed plans to seek approximately $158 million through a proposed initial public offering, subject to regulatory and market conditions. As of the available reference material, Forbright remained an active U.S. banking institution with a business model linking conventional banking services to sustainable and energy-related finance.
History
Forbright Bank traces its origins to 2003, when it began operations as Congressional Bank, a Maryland-chartered trust company. The early institution developed as a regional banking organization and later pursued acquisitions to broaden its capabilities and asset base. A significant expansion occurred in 2016, when Congressional Bank acquired American Bank Holdings. In 2018, it acquired the operating business and a substantial portion of the assets of Alliance Partners LLC. Alliance Partners became a wholly owned subsidiary of Forbright Bank and serves as the asset manager for BancAlliance, giving the organization an additional role in supporting a network of participating banks and managing related lending activities. The bank’s strategic direction increasingly incorporated renewable-energy and efficiency finance. In 2021, Congressional Bank acquired The Energy Loan Network LLC, a company involved in residential solar and energy-efficiency financing. The acquisition extended the bank’s presence in a specialized lending segment and provided a foundation for later consumer-facing environmental-finance products. In 2022, Congressional Bank changed its name to Forbright Bank. The rebrand communicated a stronger association with environmental responsibility and impact-oriented finance. The bank partnered with the National Park Foundation to support conservation efforts and announced sustainability-linked financing initiatives, including the issuance of a green bond. These actions positioned Forbright as a bank attempting to connect deposit gathering and lending with measurable environmental purposes rather than presenting sustainability as a purely promotional theme. Beginning in 2023, Forbright expanded its digital consumer-banking range with online savings and certificate-of-deposit products. Some of these offerings were promoted as environmentally oriented deposit products, allowing the bank to present ordinary savings services within its broader sustainability proposition. External recognition followed: the Growth Savings account was cited by U.S. News & World Report in its Money Awards coverage, and BestCashCow.com awarded Forbright a Sustainable Bank Badge in 2023. The institution encountered regulatory and funding-related scrutiny in 2024. Reports referred to a downgraded or criticized Community Reinvestment Act examination and compliance matters, while an FDIC consent order reportedly addressed the bank’s reliance on non-core funding sources, particularly brokered deposits. The matter was later described as resolved, with the consent order reportedly lifted in 2025. These developments highlighted the tension between Forbright’s growth and specialized lending strategy and the supervisory expectations applied to a federally regulated bank’s funding, compliance, and community-reinvestment practices. In 2025, Forbright acquired assets of Mosaic Inc., a residential solar provider that had become bankrupt. The transaction further connected the bank with the residential solar-finance market, although the available material does not specify the complete scope or value of the acquired assets. In June 2026, Forbright reportedly disclosed plans to pursue an initial public offering and seek approximately $158 million. The reported filing contemplated marketing 7.9 million shares at $18 to $20 per share, but the proposal remained subject to the SEC process and market conditions. Forbright therefore represents an active American bank whose history combines regional banking, acquisition-led expansion, digital deposits, and a distinctive concentration on sustainable and energy-related finance.
- 2025
Mosaic asset acquisition
[1]Forbright acquired assets of bankrupt residential solar provider Mosaic Inc.
- 2023
Digital consumer product expansion
[1]Forbright expanded online savings and certificate-of-deposit offerings.
- 2022
Rebrand to Forbright Bank
[1]Congressional Bank adopted the Forbright Bank name and expanded its environmental positioning.
- 2021
Energy Loan Network acquisition
[1]The bank acquired The Energy Loan Network, a residential solar and energy-efficiency financing company.
- 2018
Alliance Partners transaction
[1]Congressional Bank acquired the operating business and a substantial portion of the assets of Alliance Partners LLC.
- 2016
American Bank Holdings acquisition
[1]Congressional Bank acquired American Bank Holdings.
- 2003
Operations begin as Congressional Bank
[1]The institution began operations as a Maryland-chartered trust company under the Congressional Bank name.
Products and positioning
A U.S. bank positioned at the intersection of digital banking, specialized lending, and environmental finance. Forbright emphasizes directing capital toward renewable energy, energy efficiency, conservation, and other sustainability-related activities while offering mainstream deposit and lending products.
Online savings account
Growth Savings
A consumer savings account marketed through Forbright’s digital banking proposition. The account is associated with the bank’s broader effort to connect deposit products with environmental and sustainability-oriented positioning. U.S. News & World Report recognized it in its Money Awards coverage.
Time deposit · 2023
Online certificates of deposit
Digital certificate-of-deposit products introduced as part of Forbright’s expansion of consumer online banking. These products give depositors fixed-term savings options within the bank’s environmentally oriented retail-banking portfolio.
Specialized lending · 2021
Residential solar and energy-efficiency financing
Financing for residential solar installations and energy-efficiency improvements. Forbright developed this capability through its acquisition of The Energy Loan Network and later reinforced its connection to the residential solar market through the acquisition of assets from Mosaic.
Commercial and structured finance · 2022
Sustainability-linked financing
Financing products and structures associated with sustainability objectives and environmental performance. The bank announced this activity during its 2022 rebrand period and also reported issuing a green bond.
Lending
Direct lending
Direct lending is part of Forbright’s broader banking and finance offering. The available reference material identifies direct lending as a core business area but does not provide a complete product catalogue or detailed eligibility terms.
Controversies
2024
Regulatory scrutiny over funding and compliance
Forbright drew regulatory and press scrutiny over aspects of its funding model, including reliance on non-core funding sources and brokered deposits. Reports also discussed concerns related to its Community Reinvestment Act examination and compliance. Later reporting indicated that the supervisory matter was resolved and the FDIC consent order was lifted in 2025.
Marketing campaigns
- 2022National Park Foundation partnership
United States
As part of the transition from Congressional Bank to Forbright Bank, the institution partnered with the National Park Foundation to support environmental conservation.
Outcome. The partnership reinforced the new brand’s conservation and environmental positioning; the available material does not quantify its financial or conservation outcomes.
Brand decisions
2026
Proposed initial public offeringOtherBackground
Forbright reported plans to raise capital through a public offering.
Action taken
The reported SEC filing contemplated approximately $158 million from 7.9 million shares marketed at $18 to $20 each.
Aftermath
The offering was prospective and subject to regulatory review and market conditions; no completed listing or ticker is established in the available material.
Proposed IPO proceeds. approximately $158 million (June 2026 proposed offering)
2025
Acquire assets of MosaicM&ABackground
Mosaic, a residential solar provider, entered bankruptcy, creating an opportunity to acquire selected assets.
Action taken
Forbright acquired assets of Mosaic Inc.
Aftermath
The transaction extended Forbright’s relationship with residential solar finance, although the available material does not specify the acquired assets’ value or full scope.
2022
Adopt the Forbright Bank identityStrategyBackground
Congressional Bank sought to present a clearer identity around environmental responsibility and sustainable finance.
Action taken
The institution rebranded as Forbright Bank and paired the change with conservation and sustainability-finance initiatives.
Aftermath
The new identity became the basis for environmentally oriented deposits, lending, partnerships, and capital-markets activity.
2021
Acquire The Energy Loan NetworkM&ABackground
The bank sought to expand its exposure to residential solar and energy-efficiency finance.
Action taken
Congressional Bank acquired The Energy Loan Network LLC.
Aftermath
The transaction strengthened the institution’s specialized energy-finance platform and supported later consumer offerings.
Recent events
- Unconfirmed
Reported
Outpost acquires two New Jersey properties[2]
Outpost bought two industrial outdoor storage properties in Kearny and Newark, New Jersey, for $68.5 million, adding almost 15 acres to its portfolio. It secured $52.2 million in acquisition financing from Forbright Bank.
- Unconfirmed
Forbright launches Commercial PACE business line[3]
Forbright Bank announced the launch of a Commercial Property Assessed Clean Energy (Commercial PACE) business line and the strengthening of its Sustainable Finance division.
Forbright appoints leaders for Commercial PACE and Sustainable Finance[3]
Forbright appointed Mike Cary Managing Director of Commercial PACE Lending and Sonia Khanna Managing Director of Sustainable Finance. The source says Cary joined Forbright on October 4 and Khanna joined September 20, 2021.
Sources3 sources
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