The bank is offering 7.9 million shares priced between $18 and $20 apiece. This push into the public markets comes as the U.S. banking sector shows renewed appetite for listings following the 2023 regional banking crisis. As valuations strengthen, more boardrooms are moving to test investor confidence after a lengthy period of stagnation.

Forbright will list on the Nasdaq under the ticker symbol FRBT. Goldman Sachs, J.P. Morgan, and Barclays are serving as underwriters for the offering, signaling institutional support for the bank’s expansion strategy.