Simpson Thacher represented the underwriters, led by Goldman Sachs and J.P. Morgan, in the initial public offering of Forbright, Inc. (“Forbright”) of 7,900,000 shares of common stock. The offering raised approximately $142 million in gross proceeds. Forbright also granted the underwriters a 30-day option to purchase 1,185,000 additional shares of common stock. Forbright’s common stock began trading on the Nasdaq Global Select Market under the ticker symbol “FRBT” on June 11, 2026.
Forbright is a bank holding company and the parent of Forbright Bank, a modern financial services platform spanning nationwide middle-market lending, digital consumer banking, strategic advisory and asset management services. Forbright operates at the intersection of two powerful, structural forces reshaping the U.S. banking sector: the rapidly evolving needs of the $10 trillion national middle market and the broadly accelerating shift toward digital first banking.
The Simpson Thacher team included Edgar Lewandowski, Evan Zuckerman, Jessica Ryan and Chase Juszczak (Capital Markets); Spencer Sloan and Emily Grace Linares (Bank Regulatory); Caroline Geiger and Chandler Gerard-Reimer (Intellectual Property); Jonathan Cantor and Preston Irace (Tax); Larry Moss, Jesslyn Nunez and Maria Meyerhoefer (Executive Compensation and Employee Benefits); Leah Malone and Taylor J. Cowan (ESG); Tim Gallagher (Real Estate); and Andrew Pagliughi (FINRA and Blue Sky). Heidi Ahmed and Summer Associate Mayur Patel also provided valuable assistance.