Adds valuation target in paragraph 1 and details throughout

June 2 (Reuters) - U.S. bank Forbright said on Tuesday it was targeting a valuation of up to $993.8 million in its New York initial public offering.

The Chevy Chase, Maryland-based bank, founded by former U.S. Representative John Delaney, is seeking to raise up to $158 million by offering 7.9 million shares priced between $18 and $20 apiece.

The IPO window for U.S. banks has cracked open over the past year after the 2023 regional banking crisis hampered activity, as stronger valuations encourage boardrooms to tap public markets.

Goldman Sachs, J.P. Morgan and Barclays are among the underwriters. Forbright will list on the Nasdaq under the symbol "FRBT."