American Bancorp Inc. Surpasses $1 Billion in Total Assets, Marking Transformational Year of Growth
About American Bancorp Inc. & American Pride Bank
American Pride Bank was founded in 2007, followed by American Bancorp Inc. in 2008, by first-generation Americans and entrepreneurs to ensure that everyone has access to the financial products and services needed to earn their American Dream. The bank specializes in serving high-touch, relationship banking solutions that create pathways for generational wealth-building and business success.
Through responsive financial services, American Pride Bank helps small business owners and communities thrive. We take pride in seeing our customers succeed and knowing we played a part in their journey.
At American Pride Bank, your success is our pride. Visit www.americanpride.bank for locations, products, and more information.
Media Contact:
Lawanna Saxon - Director of Marketing & Communications
American Pride Bank
478-382-3930| lsaxon@americanpride.bank
American Pride Bank Wholesale Expands One-Time Close Construction Programs for Homeowner and Investors
American Pride Bank (APB) is proud to announce the expansion of its specialized One-Time Close Construction Loan programs through its wholesale mortgage division, APB Wholesale. The new product suite reinforces its commitment to providing flexible, innovative financial solutions for ambitious entrepreneurs and self-employed borrowers nationwide.
As a national leader in innovative mortgage solutions, APB Wholesale is bridging the gap for brokers who serve borrowers that break the traditional mold, including the self-employed, owner-operators, and investors. The expansive suite of one-time close construction options will allow brokers to serve both homeowners and investors across a wide range of property types and covers both new builds and major renovations of existing structures.
President of the Mortgage Division Jessica Bluj said, “Traditional construction lending often requires multiple applications, which can crank up closing costs and add the constant stress of rate fluctuations.”
Bluj, who led the development of the loan programs, first got the idea for the new product when she embarked on a custom home build of her own. At the time, she was working as a consultant and was shocked at how difficult it was to secure financing that made sense.
“I had the assets, but since I didn’t have a current W-2, I faced hurdle after hurdle just trying to get the bank to make an accurate assessment of my financial picture. I realized that a lot of highly qualified borrowers are probably facing the same barriers simply because they don’t tick traditional boxes. I wanted us to be different.”
APB Wholesale’s One-Time Close Construction Loan programs eliminate many of the barriers Bluj observed. Backed by a fully dedicated construction loan department, APB Wholesale offers a broad range of options to qualify borrowers through alt-doc programs, including options for DSCR and Profit and Loss statements. From initial approval through final conversion, her team provides hands-on expertise and clear communication. The programs reflect APB Wholesale’s continued commitment to flexible, investor-focused lending solutions that simplify complex transactions and help brokers deliver smarter options to their clients.
“I am so proud of this product—it has the type of flexible loans and focused service that I wish I had access to when I started my build,” Bluj said.
To explore one-time close construction loan programs, visit www.apbwholesale.com to become an approved broker. Mortgage professionals can also price scenarios instantly through the APB Pricer or connect directly with the APB Wholesale team to discuss scenarios by reaching out to TPOScenarios@americanpride.bank
About APB Wholesale
American Pride Bank Wholesale, or “APB Wholesale,” is the wholesale arm of the mortgage division at American Pride Bank, Member FDIC. Founded by ambitious owner-operators, American Pride Bank delivers relationship banking services that help people and communities build generational wealth. Through responsive, high-touch financial solutions, the bank supports small business owners, homebuyers, and mortgage pros alike. Equal Housing Lender. NMLS #402598.
Media Contact:
Elizabeth Moraff Director of Marketing & Communications, Chief of Staff
American Pride Bank
478-238-1533 | emoraff@americanpride.bank
American Bancorp Inc. Completes Merger with New Republic Partners Inc.
Deal Expands Presence Across the Southeast
November 7, 2025 [CHARLOTTE, NORTH CAROLINA] — American Bancorp Inc., parent company of American Pride Bank, has finalized its merger with New Republic Partners Inc., parent company of New Republic Bank based in Charlotte, North Carolina. On November 7, New Republic Bank becomes a sister bank of American Pride Bank under the American Bancorp family of banks. Following the merger, American Bancorp has approximately $900 million in total assets and more than $150 million in equity, marking a milestone year of significant growth and expansion.
“This partnership with New Republic Partners represents a resounding vote of confidence from the shareholders and teams at both organizations,” said Dominik Mjartan, President & CEO of American Bancorp Inc. “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.”
Ralph Strayhorn, Chairman of New Republic Partners, added, “Our decision to join as equity partners underscores a shared belief in our strategy, leadership, and long-term vision. Together, we are building a strong network of locally rooted banks committed to fueling small business growth and serving ambitious people across the Southeast.” Strayhorn will join the American Bancorp Board of Directors.
New Republic Bank customers will continue working with their trusted bankers following the merger. Jason Grooters, New Republic’s CEO and CFO, has joined American Pride Bank and American Bancorp as Chief Operating Officer. Over time, New Republic Bank will be rebranded as American Pride Bank following a careful phased systems integration to ensure seamless customer service.
“Adding New Republic Bank to our family allows us to extend our mission into new communities—while preserving the entrepreneurial spirit and customer-first approach that define both institutions,” said Ajitkumar “Adam” Patel, Chairman of the American Bancorp Board of Directors.
Over the past 12 months, American Bancorp raised more than $100 million of growth capital, more than doubled total assets from $373 million to approximately $900 million, and expanded its capacity with seasoned banking professionals, new products, and new markets.
Following the merger, American Bancorp will operate eight banking locations across the Southeast and a mortgage division originating loans in 49 states.
Media Contact:
Elizabeth Moraff
Director of Marketing & Communications, Chief of Staff
American Pride Bank
478-238-1533 | emoraff@americanpride.bank
About American Bancorp Inc. & American Pride Bank
American Pride Bank was founded in 2007, followed by American Bancorp Inc. in 2008, by first-generation Americans and entrepreneurs to ensure that everyone has access to the financial products and services needed to earn their American Dream. The bank specializes in serving high-touch, relationship banking solutions that create pathways for generational wealth-building and business success.
Through responsive financial services, American Pride Bank helps small business owners and communities thrive. We take pride in seeing our customers succeed and knowing we played a part in their journey.
At American Pride Bank, your success is our pride. Visit www.americanpride.bank for locations, products, and more information.
About New Republic Bank
Established in 1998 and headquartered in Charlotte, North Carolina, New Republic Bank was founded by families who believed in a more personal approach to banking. Today, NRB continues that legacy by offering concierge-level service to successful individuals, families, and closely held businesses. The bank’s mission is to help clients navigate the complexities of wealth with confidence. We deliver personalized solutions and guidance designed to meet each client’s unique goals and aspirations.
Learn more by visiting www.newrepublicbank.com
American Pride Bank Wholesale Unveils “APB Solutions” — A Portfolio Product Built for the Real-World Borrower
Speed, flexibility, and common-sense underwriting now bundled in one broker-friendly suite
September 2, 2025 [ATLANTA, GA] — American Bancorp Inc. and its subsidiary, American Pride Bank, are proud to introduce APB Solutions, the newest portfolio product suite from APB Wholesale, the Third-Party Origination (TPO) arm of American Pride Bank’s mortgage division.
Built for brokers serving borrowers who don’t fit the vanilla lending mold, APB Solutions delivers a combination of flexible documentation, competitive terms, and lightning-fast turn times — all backed by a team of seasoned mortgage pros who understand how to get unconventional deals done.
“Brokers told us they wanted more ways to say ‘yes’ without the red tape — and APB Solutions is our answer,” said Jessica Bluj, President of American Pride Bank’s mortgage division. “Whether it’s a DSCR loan for a first-time investor, a P&L-only option for an entrepreneur, or a foreign national loan for a second home, we’ve designed this product suite to help brokers win deals that other lenders won’t even look at.”
Key Features of APB Solutions:
- Alt-Doc & Full-Doc Flexibility: Bank statements, P&L-only (PTIN allowed), 1099, Written VOE, and asset utilization options
- Investor-Focused Programs: DSCR and No-Ratio loans — first-time investors welcome — including condotels and short-term rentals
- Foreign National Solutions: Loans up to $3M for 2nd homes and investment properties
- High Loan Amounts: $125K to $3M with LTVs up to 90%
- Broad Property Eligibility: SFRs, 2–4 units, condos (warrantable & non), condotels, rural homes, and more
- Fast, Common-Sense Underwriting: 24-hour decisions ad real people who answer the phone
“APB Solutions is exactly what you get when you combine community-bank service with big-league lending creativity,” added Dominik Mjartan, CEO of American Pride Bank. “It’s about making sure brokers have the tools to serve more clients and close more loans, even in unconventional scenarios.”
Mortgage professionals can now price APB Solutions instantly through the APB Pricer or connect directly with the APB Wholesale team to discuss scenarios by making an inquiry at www.apbwholesale.com today.
About APB Wholesale
American Pride Bank Wholesale, or “APB Wholesale,” is the wholesale arm of the mortgage division at American Pride Bank. Founded in 2007 by first-generation Americans and entrepreneurs, American Pride Bank delivers relationship banking services that help people and communities build generational wealth. Through responsive, high-touch financial solutions, the bank supports small business owners, homebuyers, and mission-driven mortgage pros alike. Your success is our pride.
Media Contact:
Elizabeth Moraff
Director of Marketing & Communications
American Pride Bank
478-238-1533
emoraff@americanpride.bank
American Pride Bank Announces the Departure of Andy Flowers
Bank honors his years of service with farewell luncheon.
July 24, 2025 – Macon, GA — American Pride Bank announced that long-time leader Andy Flowers will conclude his tenure at the Bank on July 30. Over the past 17 years, Andy has served in a variety of roles and, most recently, in the role of President for the past 10 months. The Bank celebrated his contributions during a farewell luncheon with colleagues and community members earlier today.
"Andy has been a pillar of this Bank since day one," said Ajitkumar "Adam" Patel, Chairman of the Board. "His commitment to our customers and communities has left a lasting legacy. We thank him for nearly two decades of steady, principled leadership and wish him great success in his next chapter."
Andy has accepted a non-executive position at Oconee State Bank, expressing a desire to embrace a different pace and localized geographic focus as he enters the final chapter of his career. At the same time, he shared excitement for the new direction, scale, and strategy of American Pride Bank under the leadership of Dominik Mjartan.
In his farewell message to the team, Andy reflected, “Dom’s leadership and strategic vision are exactly what this bank needs as it moves into a new era of growth. I’ve been amazed by the energy and progress I’ve seen in the past year, and I have every confidence that the team will carry that momentum forward. There’s so much opportunity ahead.”
CEO Dominik Mjartan shared his appreciation for Andy’s leadership and impact, saying, "I am deeply grateful to Andy for his unwavering leadership and the foundation he helped build. His example has shaped how we lead, serve, and grow. His legacy will continue through the team and systems he helped develop. We are confident in our future because of the strength of what he helped create."
American Pride Bank has implemented a comprehensive succession plan to ensure uninterrupted operations and consistent, high-quality service for all customers. With an experienced executive and market leadership team in place, the Bank remains focused on strategic growth and operational excellence in the midst of the transition. The Board and leadership team extend their appreciation to Andy and wish him continued success in his future endeavors.
About American Pride Bank
American Pride Bank was founded in 2007 by first-generation Americans and entrepreneurs to ensure that everyone has access to the financial products and services needed to earn their American Dream. The bank specializes in serving high-touch, relationship banking solutions that create pathways for generational wealth-building and business success.
Through responsive financial services, American Pride Bank helps small business owners and communities thrive. We take pride in seeing our customers succeed and knowing we played a part in their journey.
At American Pride Bank, your success is our pride.
Media Contact:
Elizabeth Moraff
Director of Marketing & Communications, Chief of Staff
American Pride Bank
478-238-1533
emoraff@americanpride.bank
American Pride Bank Welcomes Kristie McMahan as Chief Credit Officer, EVP
FOR IMMEDIATE RELEASE
Atlanta, GA — July 21, 2025 — American Pride Bank is pleased to announce that Kristie McMahan has joined the organization as Executive Vice President and Chief Credit Officer. With nearly 25 years of banking experience, McMahan brings a strong track record of leadership across credit and risk management, commercial and private banking, and operational strategy.
Throughout her career, McMahan has held a number of senior leadership roles, including Director of Commercial Administration, Credit Administration Manager, Loan Operations Manager, and Senior Credit Underwriter. She also has experience as a relationship and portfolio manager, along with financial leadership roles in private equity and international manufacturing—giving her a well-rounded perspective on financial strategy and credit discipline.
McMahan holds a Bachelor of Arts in Finance from Wofford College and an MBA with concentrations in Finance and Risk Management from the University of Georgia. She is widely respected for her strategic insight and dedication to long-term organizational success.
Kristie lives in Decatur, Georgia with her husband, Scott, and their two daughters.
American Pride Bank was founded in 2007 by first-generation Americans and entrepreneurs to ensure that everyone has access to the financial products and services needed to earn their American Dream. The bank specializes in serving high-touch, relationship banking solutions that create pathways for generational wealth-building and business success.
Through responsive financial services, American Pride Bank helps small business owners and communities thrive. We take pride in seeing our customers succeed and knowing we played a part in their journey.
At American Pride Bank, your success is our pride
Media Contact:
Elizabeth Moraff
Director of Marketing & Communications, Chief of Staff
American Pride Bank
478-238-1533
emoraff@americanpride.bank
American Pride Bank Launches Third-Party Origination Mortgages
APB Wholesale Brings Speed, Flexibility, and Non-QM Expertise to Brokers Nationwide
[ATLANTA, GA] — American Bancorp Inc. and its subsidiary, American Pride Bank, are thrilled to announce the launch of APB Wholesale, the new Third-Party Origination (TPO) line of American Pride Bank’s mortgage division.
Built by mortgage veterans and backed by a community bank known for high-touch service, APB Wholesale brings brokers a refreshingly responsive approach to lending—combining lightning-fast decisions, instant scenario pricing, and flexible solutions with a friendly, hands-on, and knowledgeable team.
“We designed our processes and programs around how brokers really work: fast, smart, and focused on finding pathways to homeownership that fit their borrowers,” commented Jessica Bluj, President of the mortgage division. With more than twenty years of comprehensive mortgage experience, Bluj has assembled a world-class team of mortgage professionals ready to transform the mortgage landscape with innovative solutions and unbeatable service. The team boasts more than 200 years of combined mortgage experience, spanning a full suite of mortgage products, including agency, FHA, and non-QM loans.
CEO Dominik Mjartan noted that the mortgage division reflects as a key expansion of American Pride Bank’s footprint and mission. “In partnership with brokers, APB Wholesale is going to open new doors to homeownership for Americans nationwide. This represents another way we’re making sure that everyone has fair access to best-in-class products, services, and technology,” he said.
Mortgage professionals can now access APB Wholesale’s pricing instantly through the Lender Price Marketplace platform and tap into a growing suite of portfolio solutions designed for borrowers who don’t fit the vanilla box—from VOE-only to DSCR for first-time investors.
APB Wholesale is currently onboarding mortgage brokers nationwide. Brokers interested in working with APB Wholesale can now find their programs —and get scenarios priced instantly – by heading to www.apbwholesale.com today.
About APB Wholesale
American Pride Bank Wholesale, or “APB Wholesale,” is the wholesale arm of the mortgage division at American Pride Bank.
Founded in 2007 by first-generation Americans and entrepreneurs, American Pride Bank delivers relationship banking services that help people and communities build generational wealth. Through responsive, high-touch financial solutions, the bank supports small business owners, homebuyers, and mission-driven mortgage pros alike. Your success is our pride.
Media Contact:
Elizabeth Moraff
Director of Marketing & Communications
American Pride Bank
478-238-1533
Emoraff@americanpride.bank
American Pride Bank Welcomes Dominik Mjartan as Chief Executive Officer
Bank’s Total Assets Grow by 46%, Crossing $540M in Six Months
FOR IMMEDIATE RELEASE
April 29, 2025
[ATLANTA, GA] – American Bancorp Inc. is proud to formally announce the appointment of Dominik Mjartan as Chief Executive Officer for both American Bancorp Inc. and its subsidiary, American Pride Bank. A seasoned banker with over twenty years of experience, Mjartan comes with a proven track record of growing both financial and social returns. After just six months under his leadership, American Pride Bank has grown its total assets by 46% and crossed $540 million.
An immigrant from Slovakia, Mjartan came to the United States as a teenager with a dream of becoming an entrepreneur. Since, he has become known as an innovative executive who consistently delivers on both margin and mission. Mjartan comes to American Bancorp Inc. after serving as President and CEO for Optus Bank in South Carolina, where shareholders realized an exponential return on equity under his leadership.
Throughout his career as an executive, Mjartan has been leaving an imprint the banking sector; he is a founding director of Climate First Bank and has served as an advisory board member for the FDIC, a director of the Community Development Bankers Association, and the National Bankers Association, among others. His leadership and business success earned him recognition as an EY Entrepreneur of the Year® Southeast this past year.
At American Bancorp Inc., Mjartan has already set a bold new trajectory of growth, increasing the balance sheet by more than $170 million, including $36 million in new capital. The company also secured a designation as a Public Benefit Corporation and Minority Depository Institution (MDI).
“With Dom on board, we are entering an exciting new season for the bank. His vision and dedication are driving us forward as we build a national footprint. The future couldn’t be brighter,” said Ajitkumar "Adam" Patel, founding director and chairman of the board of American Pride Bank and American Bancorp Inc. Under Patel’s leadership as Chairman, the Bank has been positioning itself to scale nationwide while delivering elite banking services.
Founded in 2007 by first-generation Americans and entrepreneurs, American Pride Bank was established to ensure that every person has access to the financial products, services, and knowledge they need to earn their American Dream.
Mjartan remarked, “I am deeply moved by American Pride Bank’s history and inspired by its founders, directors, and strong team. Together, we’re going to build a bank that the financial sector has been missing: one that combines the relational, people-driven prowess of community banks with the capacity, technology, and scale of a Wall Street Enterprise. Thanks to everyone’s efforts, we are well on our way.”
For more information about American Pride Bank and to stay informed about new products, services, and opportunities, visit www.americanpride.bank
About American Pride Bank
American Pride Bank was founded in 2007 by first-generation Americans and entrepreneurs to ensure that everyone has access to the financial products and services needed to earn their American Dream. The bank specializes in serving high-touch, relationship banking solutions that create pathways for generational wealth-building and business success.
Through responsive financial services, American Pride Bank helps small business owners and communities thrive. We take pride in seeing our customers succeed and knowing we played a part in their journey.
At American Pride Bank, your success is our pride.
Media Contact:
Elizabeth Moraff
Director of Marketing & Communications
American Pride Bank
478-238-1533
Emoraff@americanpride.bank
