Forbright Files for IPO Pitching Middle Market, Digital Banking

Forbright Inc., a financial services platform that focuses on middle-market lending and digital consumer banking, filed for an initial public offering showing growing deposits.

The Chevy Chase, Maryland-based company had adjusted total revenue of $77.5 million for the quarter through March, compared with $71.7 million a year earlier, according to its filing Friday with the US Securities and Exchange Commission. Total deposits were $7.14 billion as of March 31, compared to $5.76 billion a year earlier.