** Republican Party's preferred bank Chain Bridge CBNA.N rises 3.8% to $23.66, in an upbeat market with broad gains across banking sector
** Republican Donald Trump was elected president on Wednesday, capping a remarkable comeback four years after he was voted out of the White House and ushering in a new American leadership
** CBNA went public in early October, through an initial public offering that raised $41 mln
** Analysts at the time had lauded the timing of the IPO that came just ahead of the presidential election
** McLean, Virginia-based bank was founded by Peter Fitzgerald, a former Republican U.S. Senator from Illinois
** CBNA's fortunes are closely tied to the Republican Party, with the bank warning in its IPO paperwork that any negative event impacting the party could lead to significant deposit outflows
** With just one branch and 84 employees, it has beaten bigger financial rivals to become a must-have partner for political work
** CBNA has worked with the campaign of every Republican Party presidential nominee since John McCain in 2008
** As of last close, stock has risen ~3.6% from the IPO price of $22
(Reporting by Manya Saini in Bengaluru)
((Manya.Saini@thomsonreuters.com))
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