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Fast-growing bank resolves order over reliability of funding

Summary by American Banker
Forbright Bank was reprimanded by the FDIC last year in connection with its use of brokered deposits. To address the issue, the Maryland-based lender has built out a digital banking arm.
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American BankerAmerican Banker

Fast-growing bank resolves order over reliability of funding

Forbright Bank was reprimanded by the FDIC last year in connection with its use of brokered deposits. To address the issue, the Maryland-based lender has built out a digital banking arm.

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American Banker broke the news in on Monday, June 2, 2025.
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