Securities and Exchange Commission and Federal Reserve Board Have Granted Final Approval for Settlements with Eagle Bancorp, Inc. and EagleBank, Respectively
17 August 2022 - 6:48AM
Eagle Bancorp, Inc., holding company for EagleBank, one of the
largest community banks in the Washington, D.C. area, today
announced the Securities and Exchange Commission (SEC) and Federal
Reserve Board (FRB) have granted final approval for the settlement
of charges relating to the Company’s identification, classification
and disclosure of related party transactions; and the relationship
of the Company and certain of its former officers and directors
with a local public officials.
“We are pleased that the SEC and FRB have
approved the settlements and we can now put these legacy matters
behind us and continue our focus on running one of the most
profitable community banks in the Washington, DC region,” said
Susan Riel, Chief Executive Officer at EagleBank. “I would like to
thank the entire EagleBank team for their unwavering support and
dedication in continuing our mission of being a leading community
bank in the region by doing what we do best, supporting our
clients, our community, our employees, and our shareholders and
putting Relationships First in all that we do.”
Additional details can be found on the SEC and FRB websites.
About Eagle Bancorp, Inc. and EagleBankEagle 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.
EagleBank Contact Vikki Kayne, Chief Marketing
Officer301.986.1800
Eagle Bancorp (NASDAQ:EGBN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Eagle Bancorp (NASDAQ:EGBN)
Historical Stock Chart
From Jul 2023 to Jul 2024