The Bank Slate


Forbright in Md. to build new digital bank

Forbright Bank in Potomac, Md., has hired a veteran banker to oversee the creation of a digital bank.

The $6.4 billion-asset bank said in a press release that hired Matthew Quale as its president of digital banking. Quale previously served as executive vice president of consumer banking and marketing at Texas Capital Bank.

Quale was also president of Bask Bank, Texas Capital’s direct-to-consumer digital bank. Bask focuses on frequent flyers.

Forbright also hired Jim Sigman as a senior advisor. Sigman previously served as global head of capital markets and institutional client group at Wells Fargo. Sigman will focus on institutional counterparty relationships and growth opportunities.

Sigmon will also advise on corporate and securities matters.

“Our unique commitment to decarbonization and sustainability, and strong institutional backing, continues to resonate with experienced and successful professionals,” John Delaney, Forbright’s executive chairman, said in the release.

“Jim and I have had a nearly 30-year professional relationship across multiple businesses and it’s an utter privilege to work with him again,” Delaney added. “Matt joins us with decades of experience working at the highest levels of the intersection of consumer experience, technology and financial services.”

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