American Bancorp Completes Sale of New Republic Bank to Juno Bancorp
American Bancorp, Inc. has completed the sale of its subsidiary, New Republic Bank, to Juno Bancorp, Inc. The Charlotte branch and core clients previously served by New Republic remain with American Pride Bank, which is also a subsidiary of American Bancorp. These clients were rebranded under American Pride in July 2026 and continue operations at the same location. American Bancorp acquired New Republic through a stock-for-stock merger on November 7, 2025, aiming to expand its reach across the Carolinas. The CEO of American Bancorp emphasized that this sale allows them to focus growth efforts in key markets while maintaining service for core clients. With the transaction complete, American Bancorp will now operate solely through American Pride Bank. American Pride Bank serves entrepreneurs and high-achieving individuals in Georgia, North Carolina, South Carolina, and Florida. It is a Minority Depository Institution and Benefit Corporation focused on delivering both financial returns and social impact.
Topics: banking corporate restructuring mergers and acquisitions