EGBN Eagle Bancorp Inc.

Eagle Bancorp Announces The Appointment of Susan G. Riel as President and Chief Executive Officer of Eagle Bancorp, Inc. and EagleBank

Eagle Bancorp Announces The Appointment of Susan G. Riel as President and Chief Executive Officer of Eagle Bancorp, Inc. and EagleBank

BETHESDA, Md., May 06, 2019 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc., (the “Company”) (NASDAQ: EGBN), the parent company of EagleBank (the “Bank”), today announced that interim President and Chief Executive Officer Susan G. Riel has been appointed permanent President and Chief Executive Officer of Eagle Bancorp and EagleBank.

"After thoughtful evaluation and consideration, the Board of Directors determined that there is no better qualified individual to serve as Eagle’s President & CEO," stated Chairman of the Board, Norman R. Pozez.  “The Board and I are confident that Susan is the right person to continue to drive Eagle’s growth strategies and enhance shareholder value.  She is a seasoned leader with significant experience, deep industry knowledge and record of success – all critical factors for selecting Susan as Eagle’s next leader.  We are looking forward to her continued tenure," commented Mr. Pozez.

Ms. Riel has over 35 years of banking experience and joined EagleBank during its organization.  She assumed the responsibility of Chief Operating Officer in 2006, and joined the Company’s Board of Directors in 2017 and the Bank’s Board in 2018.  “I am honored to permanently assume the President & CEO role … our future could not be brighter," noted Ms. Riel.

About Eagle Bancorp, Inc. and EagleBank

Eagle Bancorp, Inc. is the holding company for EagleBank, which commenced operations in 1998. EagleBank is headquartered in Bethesda, Maryland, and conducts full service commercial banking through 20 offices, located in Suburban, Maryland, Washington, D.C. and Northern Virginia. EagleBank focuses on building relationships with businesses, professionals and individuals in its marketplace.

Caution About Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended, including statements of goals, intentions, and expectations as to future trends, plans, events or results of Company operations and policies and regarding general economic conditions. These forward-looking statements are based on current expectations that involve risks, uncertainties and assumptions.  Because of these uncertainties and the assumptions on which the forward-looking statements are based, actual future operations and results in the future may differ materially from those indicated herein.  Readers are cautioned against placing undue reliance on any such forward-looking statements.  For details on factors that could affect these expectations, see the risk factors and other cautionary language included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, and other filings with the SEC. Except as required by law, the Company does not undertake to update forward-looking statements contained in this release.

EagleBank Contact

Charles Levingston,

Chief Financial Officer

301.986.1800

EN
06/05/2019

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Eagle Bancorp Inc.

 PRESS RELEASE

Eagle Bancorp, Inc. Announces Cash Dividend

Eagle Bancorp, Inc. Announces Cash Dividend BETHESDA, Md., March 28, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the parent company for EagleBank, today announced a cash dividend for the first quarter of 2024, in the amount of $0.45 per share. The cash dividend will be payable on April 30, 2024 to shareholders of record on April 18, 2024. About Eagle Bancorp: The Company is the holding company for EagleBank, which commenced operations in 1998. The Bank is headquartered in Bethesda, Maryland, and operates through thirteen branch offices, located in Suburba...

 PRESS RELEASE

EagleBank Provides $50 Million Loan to EB5 USA Immigration LLC to Prom...

EagleBank Provides $50 Million Loan to EB5 USA Immigration LLC to Promote Foreign Investment in Real Estate BETHESDA, Md., March 27, 2024 (GLOBE NEWSWIRE) -- EagleBank (NASDAQ: EGBN), one of the largest community banks in the Washington, D.C. area, today announced it has provided a $50,000,000.00 Guidance Line of Credit to EB5 USA Immigration LLC, an affiliate of EB5 Capital. This loan, which highlights EagleBank’s lending capacity in this specialized space, will supply pre-funding or bridging preferred equity in EB5 real estate projects. “At EagleBank, we take pride in our abilities i...

Eagle Bancorp Inc: 1 director

A director at Eagle Bancorp Inc sold 22,000 shares at 22.977USD and the significance rating of the trade was 80/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clear...

 PRESS RELEASE

EagleBank Provides $18 Million in Financing to DT Global, LLC to Conti...

EagleBank Provides $18 Million in Financing to DT Global, LLC to Continue Transformative Work in the USAID Space BETHESDA, Md., Feb. 26, 2024 (GLOBE NEWSWIRE) -- EagleBank (NASDAQ: EGBN), one of the largest community banks in the Washington, D.C. area, today announced it has successfully closed $18,000,000 in credit facilities to DT Global, LLC and Subsidiaries. The facilities refinanced existing debt and increases DT Global’s working capital to support their growth-driven needs. This transaction highlights EagleBank’s significant presence in supporting federal defense and government serv...

 PRESS RELEASE

Eagle Bancorp, Inc. Announces Net Income For Fourth Quarter 2023 Of $2...

Eagle Bancorp, Inc. Announces Net Income For Fourth Quarter 2023 Of $20.2 Million Or $0.67 Per Diluted Share BETHESDA, Md., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the "Company") (NASDAQ: EGBN), the parent company of EagleBank (the "Bank"), today announced net income of $20.2 million for the fourth quarter 2023, compared to net income of $27.4 million for the third quarter 2023 (the "prior quarter"). Net income was $0.68 per share (basic) and $0.67 per share (diluted) for the fourth quarter 2023, compared to $0.91 per share for the prior quarter (basic and diluted). The ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch