American Pride Bank Completes Sale of New Republic Bank

CHARLOTTE, N.C., Oct. 1, 2026 /CourierPR/ -- American Pride Bank, a subsidiary of American Bancorp Inc., has completed the sale of New Republic Bank to Juno Bancorp Inc. The transaction, finalized on November 7, 2025, marks a strategic shift for American Bancorp, focusing on the markets where it is growing the fastest.

American Pride Bank will continue to serve its Charlotte, North Carolina, branch and core clients, who will remain at the same location, 700 East Morehead Street. The rebranding ensures that these clients can continue to work with their familiar bankers without disruption. Dominik Mjartan, President & CEO of American Bancorp Inc. and American Pride Bank, expressed gratitude to the New Republic Bank team for their service and confidence in the future of the bank.

American Pride Bank, founded in 2007 by first-generation Americans and entrepreneurs, continues to serve high-achieving entrepreneurs in the fastest-growing markets in the Southeastern United States. The bank is a wholly owned subsidiary of American Bancorp Inc., delivering high-touch, relationship-driven banking that creates pathways to generational wealth and business success. With operations across Georgia, North Carolina, South Carolina, and Florida, American Pride Bank is a designated Minority Depository Institution and Benefit Corporation committed to delivering both financial and social returns.

This transaction brings American Bancorp down to a single bank, American Pride Bank, with branches across the Southeastern United States. The move is part of the company's ongoing strategy to streamline operations and focus on its core markets.