Forbright Bank is headquartered in Potomac and is the 3rd largest bank in the state of Maryland. It is also the 222nd largest bank in the nation. It was established in 2003 and as of June of 2022, it had grown to 360 employees at 6 locations. Forbright Bank's money market rates are 8X the national average, and it has an A health rating.
I called the bank this morning and was told their 5.25 percent certificate is only available for 12 month CDs. DepositAccts shows a 12-17 month option for that rate, but not according to the bank. Please keep that in mind.
Overall | |
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FDIC Certificate # | 57614 |
Year Established | 2003 |
Employees | 360 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.33% |
Return on Equity - YTD | 11.86% |
Annual Interest Income | $135.0MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $6.44B$2.46B |
Loans | Q2 2022vs Q2 2021 | $4.53B$1.93B |
Deposits | Q2 2022vs Q2 2021 | $5.66B$1.73B |
Equity Capital | Q2 2022vs Q2 2021 | $637.1MM$451.3MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $37.9MM$17.3MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $46.1MM$38.1MM |
Real Estate Owned | Q2 2022vs Q2 2021 | $279.00K$0 |
Always verify rates and promotions with the bank or credit union. We are not Forbright Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.00% | - | - | IOLTA | |
0.10% | $1.5k | - | Personal NOW | |
0.10% | $1.5k | - | Commercial NOW | |
0.10% | - | - | MAHT |
Forbright Bank Locations | ||
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Herndon Branch | 150 Elden Street Suite 170 | Herndon, VA 20170 |
Congressional Bank | 7963 Tuckerman Ln | Potomac, MD 20854 |
Montgomery Lane Branch | 4801-A Montgomery Lane | Bethesda, MD 20814 |
American Bank Branch | 1700 Rockville Pike | Rockville, MD 20852 |