(Updated at 12:30 p.m.) Trustar Bank is opening a commercial loan office this week by Tysons Galleria ahead of a future branch in the area.
Last week, the bank opened a branch in Great Falls. The company website said, “As a community bank, Trustar Bank’s strategy is to be a personalized alternative to larger, super-regional financial institutions that increasingly dominate the bank’s primary market.”
While the upcoming Tysons location (1650 Tysons Blvd) will just handle commercial loans, Chief Executive Officer Shaza Anderson said that the company also plans to bring branches in Reston in October 2019 and Tysons in 2021.
The new loan office opens after the company raised the required capital and received regulatory approval from the Federal Deposit Insurance Corporation, she said.
Anderson said that the company partially decided on the location because it seemed to be the most accessible for employees and customers.
Community support has been “overwhelming” during this process, she added.
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