Forbright Announces Investment by Affiliate of Galvanize Climate Solutions

CHEVY CHASE, Md.–(BUSINESS WIRE)–An investment vehicle managed by Galvanize Climate Solutions has made an equity investment in Forbright, Inc., the holding company for Forbright Bank, recently rebranded from Congressional Bank. As part of the investment, Galvanize and Forbright have announced their intention to align on efforts to advance decarbonization. This is the third time Forbright […]

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Forbright Issues $125 Million Inaugural Green Bond

First U.S. bank holding company with under $150 billion in consolidated total assets – and eighth overall – to issue a bond with proceeds dedicated to financing the clean energy transition CHEVY CHASE, Md.–(BUSINESS WIRE)–Forbright Inc., recently rebranded from Congressional Bancshares, Inc., or Forbright, announced today the completion of the private placement of its inaugural […]

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Forbright to Launch HUD Lending Platform for Nursing Homes, Assisted Living Facilities, and Multifamily Housing

CHEVY CHASE, Md.–(BUSINESS WIRE)–Forbright Bank, recently rebranded from Congressional Bank, announced today its intent to launch a new business line aimed at facilitating federally-insured loans to finance nursing homes, assisted living facilities, and multifamily housing. Jon Camps has been named the Managing Director of the Bank’s HUD Lending Platform and will oversee the new initiative.This is the latest example […]

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Forbright Announces Launch of Commercial PACE Business and Strengthening of Sustainable Finance Division

Key hires will help Bank finance the shift to a more sustainable clean energy economy CHEVY CHASE, Md.–(BUSINESS WIRE)–Forbright Bank, recently rebranded from Congressional Bank, announced today the launch of a new Commercial Property Assessed Clean Energy (Commercial PACE) business line and strengthening of its Sustainable Finance division. Mike Cary has been appointed Managing Director, Commercial PACE Lending,and […]

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PosiGen and Forbright Bank Partner to Expand Clean Energy Options in Underserved Communities

$140 million lending relationship will enable expansion of residential solar leases and energy efficient upgrades to low-to-moderate income families CHEVY CHASE, Md.–(BUSINESS WIRE)–PosiGen, Inc., a leading residential solar leasing and energy efficiency provider to low-to-moderate income communities and communities of color, and Forbright Bank, a financial institution recently rebranded from Congressional Bank and committed to accelerating […]

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Forbright Bank Signs the UN Principles for Responsible Banking

GENEVA–(BUSINESS WIRE)–Congressional Bank, which recently announced its intent to rebrand as Forbright Bank, has become an official Signatory of the UN Principles for Responsible Banking – a single framework for a sustainable banking industry developed through a partnership between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI). Forbright is among only seven U.S. […]

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Forbright Launches to Accelerate Financing of the Clean Energy Transition

Congressional Bank rebrands as Forbright Bank and will dedicate half its assets to financing companies, investors, and innovators driving sustainability and the shift to a low-carbon economy  Former Congressman and entrepreneur John Delaney leads the enterprise’s path to net-zero, backed by industry leaders and former government officials at BlackRock, Centerbridge Partners, Gallatin Point Capital, and […]

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Congressional Bancshares, Inc. Announces Private Placement of $345 Million of Common Equity Capital

Centerbridge Partners, Gallatin Point Capital, Bayview Asset Management and BlackRock led the investment. The investment will drive meaningful growth in Congressional’s market leading Healthcare, Lender and Leveraged Finance businesses and expand the capabilities of Alliance Partners, its asset management business serving the needs of over 260 community banks.Congressional is also launching its Sustainable Finance business […]

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