American Bancorp, Inc. Completes Sale of New Republic Bank to Juno Bancorp, Inc.

Charlotte branch and core clients remain with American Pride Bank

CHARLOTTE, N.C., Oct. 1, 2026 /PRNewswire/ -- American Bancorp, Inc., the parent company of American Pride Bank and New Republic Bank, announced today that it has completed the sale of New Republic Bank to Juno Bancorp Inc.

The Charlotte, North Carolina, branch and its core clients remain with American Pride Bank and were rebranded as American Pride Bank in July. Charlotte clients continue to work with their bankers at the same location, 700 East Morehead Street.

American Bancorp brought New Republic Bank into its family of banks through a stock-for-stock merger completed on November 7, 2025.

"When we joined forces with New Republic, our goal was to grow our capacity to serve ambitious people across the Carolinas," said Dominik Mjartan, President & CEO of American Bancorp, Inc. and American Pride Bank. "This sale lets us focus on the markets where we're growing fastest, while our core Charlotte clients keep the bankers they know and trust. We're grateful to the New Republic Bank team for their service, and we're confident the bank is in good hands."

With this transaction complete, American Bancorp will operate a single bank, American Pride Bank, with branches across Georgia, North Carolina, South Carolina, and Florida.

About American Bancorp, Inc. & American Pride Bank
American Pride Bank is a wholly owned subsidiary of American Bancorp, Inc., serving high-achieving entrepreneurs in the fastest-growing markets in the Southeastern United States. Founded in 2007 by first-generation Americans and entrepreneurs, American Pride Bank delivers high-touch, relationship-driven banking that creates pathways to generational wealth and business success. With operations across Georgia, North Carolina, South Carolina, and Florida, the Bank is a designated Minority Depository Institution and Benefit Corporation committed to delivering both financial and social returns. At American Pride Bank, your success is our pride. For locations, products, and more information, visit www.americanpride.bank.

Media Contact
Lawanna Saxon
Director of Marketing & Communications
American Pride Bank
478-382-3930 | [email protected]

SOURCE American Pride Bank