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EagleBank history
EagleBank company history timeline
Eagle Bancorp, Inc., was incorporated as a bank holding company in the state of Maryland on October 28, 1997.
On July 20, 1998, EagleBank opened its first office in Rockville, Maryland, after receiving approvals from the State of Maryland and the Federal Reserve System, and acceptance for deposit insurance from the Federal Deposit Insurance Corporation.
New capital of $30 million was raised with a secondary stock offering in 2003.
Eagle Bancorp Foundation was established in 2005.
In September 2008, EagleBank bought Fidelity and Trust Bank in a $13.1 million transaction.
In 2010, EagleBank received $71.9 million funding so it could lend more to small businesses as part of the United States Department of Treasury's Small Business Jobs Act of 2010.
In July 2011, EagleBank announced it would buy Alliance Bank for $31 million, but the transaction was called off five months later because they could not agree on the terms of the deal.
In November 2014, EagleBank acquired Virginia Heritage Bank for $183 million.
The Bank purchased the naming rights to the EagleBank Arena, formerly known as the Patriot Center, in May 2015 following a partnership deal with George Mason University.
The funds were repaid to the US Treasury by EagleBank in 2015 after a stock sale.
In 2016, EagleBank launched a Commercial Banking Development Program to open a career path for future commercial bankers.
EagleBank and D.C. United entered into a five-year partnership in 2018 that made EagleBank the official bank of D.C. United and created the EagleBank Club at Audi Field.
In March 2019, EagleBank's founder and CEO, Ron Paul, announced his retirement.
In June 2020 the bank added Paul Saltzman to its executive team as executive vice president and chief legal officer.
In the 2/28/2020 issue of the Washington Business Journal, Eagle Bancorp Inc. ranked #2 on the Women on Public Company Boards in Greater D.C. list.
In 2020, the bank gave $5 million to the Washington Housing Initiative Impact Pool, a program launched by the Federal City Council to promote the creation of affordable workforce housing.
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EagleBank competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| First National Bank of Bellevue | 1875 | $221.2M | 500 | - |
| FIRST FINANCIAL SERVICE CORP | - | $19.4B | - | 24 |
| COMMUNITY FINANCIAL SHARES INC | - | $13.5M | - | - |
| Presidential Bank | 1985 | $17.0M | 211 | 1 |
| Bank of Georgetown | 2005 | $3.4M | 41 | - |
| The First, ANBA | 1996 | $214.2M | 794 | - |
| Firstrust Bank | 1934 | $208.0M | 434 | 17 |
| Frontier Bank | 1978 | $170.0M | 703 | 1 |
| Bay Bank | 2010 | $34.5M | 50 | - |
| Alliance Bank | 1946 | $69.0M | 266 | 6 |
EagleBank history FAQs
Zippia gives an in-depth look into the details of EagleBank, including salaries, political affiliations, employee data, and more, in order to inform job seekers about EagleBank. The employee data is based on information from people who have self-reported their past or current employments at EagleBank. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by EagleBank. The data presented on this page does not represent the view of EagleBank and its employees or that of Zippia.
EagleBank may also be known as or be related to EAGLE BANCORP INC, Eagle Bancorp, Eagle Bancorp Inc, Eagle Bancorp Inc., Eagle Bancorp, Inc., EagleBank and Eaglebank.