In the evolving landscape of modern banking, Forbright Bank stands out as a beacon of sustainability and innovation. Established in 2003 and headquartered in Chevy Chase, Maryland, Forbright Bank has transitioned from its origins as Congressional Bank to become a leader in eco-friendly banking practices. This review delves into the bank’s offerings, its commitment to sustainability, and its reputation among customers and industry experts.
Overview of Forbright Bank
Forbright Bank is an FDIC-insured financial institution that provides a range of personal and business banking services. With over $7 billion in assets, the bank has positioned itself as a significant player in the U.S. banking sector. Its services include high-yield savings accounts, certificates of deposit (CDs), business checking and credit cards, and specialized lending solutions, particularly in the healthcare and real estate sectors.
Commitment to Sustainability
Forbright Bank’s dedication to sustainability is evident in its operations and financial offerings:
-
Sustainable Lending: As of 2023, 30% of Forbright Bank’s lending portfolio finances sustainable companies and projects, such as solar loans, green building upgrades, and accessible healthcare. This focus has led to the avoidance of over 35,000 metric tons of greenhouse gas emissions, equivalent to removing more than 8,300 gas-powered cars from the road.
-
Eco-Friendly Operations: Nearly 75% of the bank’s physical locations are LEED® certified, underscoring its commitment to environmentally responsible building practices. Additionally, 100% of its electronics are recycled, and its debit and ATM cards are made from 100% recycled PVC.
-
Employee Incentives: Forbright Bank encourages sustainable practices among its employees by offering bonuses for purchasing solar panels, electric vehicles, and biking to work. Employees also benefit from sustainable subscriptions like compost programs and community-supported agriculture.
Awards and Recognition
Forbright Bank’s efforts have not gone unnoticed:
-
U.S. News & World Report 2025 Money Award: The bank’s Growth Savings account received the Editor’s Choice: Saving Money While Doing Good Award, highlighting its competitive rates and commitment to sustainability.
-
Bankrate’s Best Eco-Friendly Bank: In 2025, Forbright Bank was recognized as the Best Eco-Friendly Bank in America, reflecting its dedication to responsible lending and sustainable operations.
-
American Banker’s Best Bank to Work For: In 2023, the bank was honored for its exceptional workplace culture, with employees praising communication, role satisfaction, and work environment.
Customer Experience
Customer feedback on Forbright Bank is generally positive, particularly regarding its digital banking services. The Growth Savings account, for instance, offers a competitive annual percentage yield (APY) with no minimum balance requirements and no fees, making it an attractive option for savers.
The bank’s online platform is user-friendly, allowing customers to manage their accounts efficiently. Additionally, Forbright Bank has expanded its physical presence with new service hubs, providing customers with more options for in-person banking.
Community Engagement
Forbright Bank places a strong emphasis on community involvement:
-
Corporate Giving: In 2024, the bank donated over $1 million to 67 nonprofit organizations across the country, nearly doubling its contributions from the previous year.
-
Employee Volunteering: Employees volunteered approximately 3,000 hours in 2024, averaging about seven hours per employee, demonstrating the bank’s commitment to social responsibility.
Forbright Bank exemplifies how financial institutions can thrive while prioritizing sustainability and community engagement. With its robust financial services, commitment to eco-friendly practices, and recognition from industry leaders, Forbright Bank offers customers a compelling choice for those seeking to align their banking activities with their values.
Whether you’re an individual looking for a high-yield savings account or a business in need of specialized lending solutions, Forbright Bank provides a range of services designed to meet diverse financial needs while contributing to a more sustainable future.
Conclusion
Forbright Bank exemplifies how financial institutions can thrive while prioritizing sustainability and community engagement. With its robust financial services, commitment to eco-friendly practices, and recognition from industry leaders, Forbright Bank offers customers a compelling choice for those seeking to align their banking activities with their values.
Whether you’re an individual looking for a high-yield savings account or a business in need of specialized lending solutions, Forbright Bank provides a range of services designed to meet diverse financial needs while contributing to a more sustainable future.