Eagle Bancorp Announces The Appointment of Susan G. Riel as President and Chief Executive Officer of Eagle Bancorp, Inc. and ...
06 May 2019 - 8:00PM
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 ContactCharles Levingston, Chief
Financial Officer 301.986.1800
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