EagleBank Launches Investment Advisory Services Through Strategic Alliance With Morgan Stanley Smith Barney
20 January 2011 - 9:00PM
EagleBank announced today that it has entered into a Referral
Agreement with Morgan Stanley Smith Barney to offer customers
investment advisory services. Under the program, EagleBank will
refer bank customers and others to Morgan Stanley, which will
provide a variety of investment advisory services to referred
clients. EagleBank will be working with the Washington, DC
area office of Graystone Consulting, which is a business of Morgan
Stanley Smith Barney. This relationship will enhance the scope
of financial services the Bank can provide to its customers.
Graystone Consulting offers institutional clients and private
families the combination of a focused investment consulting
boutique along with the resources and capital markets expertise of
one of the world's preeminent investment
organizations. Graystone Consulting's Washington team has been
named by both Barron's and Research magazine as the top ranked
advisory team in Washington, DC.
"We're very excited about this new relationship with Morgan
Stanley's Graystone Consulting unit. While searching for a
top-notch partner that would provide access to trusted financial
advisors, able to meet our customers' investment needs and goals,
we also wanted professionals who would give them the same superior
service they receive at EagleBank. With Graystone's proven
track record, our customers will find unrivaled wealth management
expertise and the best selection of investment products and
services," stated Ronald D. Paul, Chairman and Chief Executive
Officer of EagleBank. "This is an important step forward in
our efforts to expand on the banking value we offer our customers
for financial growth in their personal and business lives,"
concluded Paul.
ABOUT EAGLE BANCORP, INC. AND EAGLEBANK
Eagle Bancorp, Inc. is the holding company for EagleBank, which
commenced operations in 1998. The Bank is headquartered in
Bethesda, Maryland, and conducts full service banking services
through twelve offices, located in Montgomery County, Maryland,
Washington, D.C. and Northern Virginia. The Company focuses on
building relationships with businesses, professionals and
individuals in its marketplace.
The EagleBank logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6102
Forward-looking Statements: This press release
contains forward-looking statements within the meaning of the
Securities and 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. In some cases,
forward-looking statements can be identified by use of words such
as "may," "will," "anticipates," "believes," "expects," "plans,"
"estimates," "potential," "continue," "should," and similar words
or phrases. These statements are based upon current and anticipated
economic conditions, nationally and in the Company's market,
interest rates and interest rate policy, competitive factors, and
other conditions which by their nature, are not susceptible to
accurate forecast and are subject to significant uncertainty.
Because of these uncertainties and the assumptions on which this
discussion and the forward-looking statements are based, actual
future operations and results in the future may differ materially
from those indicated herein. 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, 2009 and in other periodic and
current reports filed with the SEC. Readers are cautioned
against placing undue reliance on any such forward-looking
statements. The Company's past results are not necessarily
indicative of future performance.
www.eaglebankcorp.com
CONTACT: EagleBank
Ronald D. Paul
301.986.1800
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