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

American Bancorp, Inc. Completes Sale of New Republic Bank

On October 1, 2026, American Bancorp, Inc., the parent company of both American Pride Bank and New Republic Bank, announced that it has successfully completed the sale of New Republic Bank to Juno Bancorp, Inc. This strategic move enables American Bancorp to concentrate on expanding its operations in key markets while ensuring that its core clients remain well served.

The transaction sees the Charlotte, North Carolina branch and its primary clientele transitioning to be part of American Pride Bank, which has undergone rebranding efforts since July. This rebranding ensures continuity for clients who will continue to work with their trusted bankers at the established location located at 700 East Morehead Street.

American Bancorp initially brought New Republic Bank into its portfolio through a stock-swap merger that concluded on November 7, 2025. Dominik Mjartan, the President and CEO of American Bancorp, pointed out that the initial goal behind integrating New Republic Bank was to bolster their capacity for servicing dynamic communities across the Carolinas.

Mjartan expressed satisfaction with the outcome of the sale, stating, "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."

Following this transaction, American Bancorp will operate solely under the American Pride Bank brand, offering its services across several states including Georgia, North Carolina, South Carolina, and Florida. This transition marks a new chapter for American Bancorp, emphasizing their commitment to serve ambitious entrepreneurs and customers in rapidly developing sectors in the Southeastern United States.

American Pride Bank was established in 2007 by first-generation American entrepreneurs and has dedicated itself to delivering relationship-focused banking solutions. The bank prides itself on creating pathways to generational wealth and business prosperity, enhancing both financial success and social responsibility. American Pride Bank's status as a Minority Depository Institution and Benefit Corporation underlines its commitment to serving diverse communities, offering a relationship-driven approach that aims to generate significant community impact.

For more information regarding their locations and available products, customers can visit the American Pride Bank website at www.americanpride.bank.

With this sale finalized, American Bancorp envisions a future where it can further its mission and continue to enhance its service delivery, catering to the evolving needs of its clients and communities, laying down robust foundations for the growth and success of its clientele.

Media inquiries can be directed to Lawanna Saxon, Director of Marketing & Communications at American Pride Bank, reachable at 478-382-3930 or via email at [email protected].

This development not only reshapes American Bancorp’s operational focus but also fortifies its dedication to delivering excellence in customer service and banking solutions in the Southeastern United States.