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Trustar Bankshares raises $28.1M in private placement financing

Fri, 25 Sep 2026 08:00:38 -0400

Trustar Bankshares, Inc. (OTCQX: TRSB) announced it has entered into a securities purchase agreement for a $28.1 million private placement, led by JCSD Mclean Investors, LLC and certain Trustar directors.

Under the agreement, Trustar plans to issue 1,372,700 shares of common stock and 877,300 shares of Convertible, Non-Cumulative Perpetual Preferred Stock, Series A, priced at $12.50 per share. Shares of the newly created preferred stock will be issued to the extent JCSD's investment would exceed 9.9% voting ownership.

The closing of the private placement is conditioned on the concurrent completion of Trustar Bank's previously announced acquisition of certain branches and related assets

Trustar Bankshares, Inc. Announces $28.1 Million Private Placement Financing to Support Continued Growth

Fri, 25 Sep 2026 08:00:00 -0400

MCLEAN, Va.--(BUSINESS WIRE)-- Trustar Bankshares, Inc. (“Trustar”) ( OTCQX: TRSB), the bank holding company for Trustar Bank, today announced that it has entered into a securities purchase agreement for a $28.1 million private placement financing led by JCSD Mclean Investors, LLC (“JCSD”), and certain Trustar directors. The investment represents another important milestone in Trustar’s continued growth and will provide additional capital to support the Bank following the completion of its previously announced acquisition of certain branches and related assets of Forbright Bank.

Under the securities purchase agreement, Trustar will sell $28.1 million of shares of its common

Trustar Bankshares, Inc. Announces $28.1 Million Private Placement Financing to Support Continued Growth

Fri, 25 Sep 2026 08:00:00 -0400

Under the securities purchase agreement, Trustar will sell $28.1 million of shares of its common

Trustar Bank to acquire Forbright Bank branches for $750M in deposits

Fri, 21 Aug 2026 06:04:20 -0400

Trustar Bank, a subsidiary of Trustar Bankshares, Inc. (OTCQX: TRSB), has signed a purchase and assumption agreement to acquire two Forbright Bank branches in Potomac and North Bethesda, Maryland, along with a customer service hub in McLean, Virginia.

The transaction includes approximately $750 million in local deposits, with Trustar Bank paying a deposit premium of approximately $19 million. The company expects the deal to be accretive to 2027 earnings.

Shaza Andersen, Chief Executive Officer of Trustar Bank, said the transaction represents "a unique, strategically-aligned opportunity to strengthen Trustar Bank's presence in our core markets, and add valuable deposits and relationships."

The deal is

Trustar Bank to acquire Forbright Bank branches for $750M in deposits

Fri, 21 Aug 2026 06:04:20 -0400

The deal is

Trustar Bank Announces $750 Million Branch Acquisition from Forbright Bank

Fri, 21 Aug 2026 06:00:00 -0400

GREAT FALLS, Va.--(BUSINESS WIRE)-- Trustar Bank, the wholly-owned banking subsidiary of Trustar Bankshares, Inc. (the “Company”) (OTCQX: TRSB), today announced the signing of a purchase and assumption agreement (the “Agreement”), under which Trustar Bank will acquire Forbright Bank’s branches in Potomac and North Bethesda, Maryland, as well as Forbright Bank’s customer service hub in McLean, Virginia (the “Transaction”).