Bank / Credit Union

American Bancorp completes merger with New Republic Partners

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November 11, 2025

American Bancorp Inc., the parent company of American Pride Bank has officially acquired New Republic Partners Inc., the parent company of New Republic Bank. Through the merger, New Republic Bank will become a sister bank of American Pride Bank, according to a press release.

American Bancorp will now have approximately $900 million in assets and more than $150 million in equity. New Republic Bank will be rebranded as American Pride Bank following a systems integration.

"This partnership with New Republic Partners represents a resounding vote of confidence from the shareholders and teams at both organizations," Dominik Mjartan, president and CEO of American Bancorp, said in the release. "The transaction was structured as a stock-for-stock exchange, which is an important signal of confidence from New Republic Bank's shareholders, who have now become shareholders in American Bancorp."