This morning, EagleBank and George Mason University announced a landmark public-private alliance. The relationship includes scholarships, internships, academic support and athletics support. As a result of this relationship, the Patriot Center is being renamed the EagleBank Arena. Here are the remarks I made at this morning’s press conference. How appropriate it is that Patriots are joining forces with an eagle! This is a quintessentially American partnership, with the public and private sectors coming together to advance the common good. George Mason University and EagleBank have much in common. We’ve both been very strong performers in our relatively short lifespans. Mason has been serving students for only four decades and it is already one of the finest universities in the region.…Read More >
This Berry College live cam is focused on an eagle’s nest in GA; projected hatching of the two eggs is any day now. You can drop in and watch 24/7. Click here: http://new.livestream.com/berrynest1/cam.
The metropolitan Washington, DC metropolitan area is uniquely situated, spreading across three different jurisdictions. It’s easy to be parochial and put your state (or the District) first. For us to maximize our regional potential, however, we must embrace regional cooperation. For if we act as one, the sum will clearly be greater than the parts. I address this issue in this week’s Washington Business Journal. Guest Comment, Washington Business Journal, February 6, 2015 Edition
Recently I had the honor of addressing the graduating class of the Robert H. Smith School of Business at my alma mater, the University of Maryland. My remarks centered around developing leadership skills as the key to success in one’s business, civic and personal lives. An abbreviated version was published in The Washington Post’s Capital Business.
As 2014 comes to a close, I look back at the year that has been and the year that lies ahead. EagleBank is now the largest community bank headquartered in the Washington, DC metropolitan market, by any measure – deposit market share, assets, or stock market capitalization, for example. We are Maryland’s most profitable community bank. And with our merger with Virginia Heritage Bank now complete, we have more branches in Northern Virginia than in any other part of our region. While we are so proud of the success you have allowed us, we will never lose sight of what got us to this point. We will continue to focus on the formula that we so strongly believe in: personal…Read More >
It is with much enthusiasm that we welcome Virginia Heritage Bank customers and shareholders to the EagleBank family. What a combination of two great banks! We are now over $5 billion in assets, the largest of any community bank headquartered in the metropolitan Washington, DC area. In our market, we have the largest deposit market share, the largest stock market capitalization and the highest level of profits of any community bank. What does this mean for you? Whether already a customer of EagleBank or new to us, you will now have the convenience of banking with us through over 20 branches located in and around the Capital Beltway. As a result of the merger and increased capital strength, our legal lending limit is now close to $90 million.…Read More >
Guest blog* by Ronald D. Paul, Chairman & CEO of EagleBank Two hundred years ago this Sunday, Francis Scott Key penned the Star Spangled Banner. Our country’s promise remains as bright today. We are a beacon to the world, a shining example of democracy and human dignity and opportunity. This nation… our region… our local community afford individuals the opportunity to pursue any avenue they wish. Be it a start-up business, a non-profit organization or the next generation of a thriving family business, the sky is the limit. As a community bank, EagleBank focuses on helping local business owners live the American dream. EagleBank loans help fuel the small and medium-sized businesses of metropolitan Washington. From apartment buildings and subdivisions…Read More >
Sweet Sixteen. This summer marks the 16th anniversary of EagleBank opening its doors. From that humble beginning we have become the largest community bank headquartered in metro Washington. And our announced merger with Virginia Heritage Bank (more below) will only further strengthen our position and expand our footprint. But one thing will never change. EagleBank will still be the flexible, customer-oriented bank you have come to know and experience. Always listening. Always putting relationships first. Earnings. EagleBank released its earnings for the second quarter of 2014. We reported net income of $12.9 million, which works out to operating earnings of $0.50 per share of common stock. Significantly, the results represent the 22nd quarter in a row of record earnings. Mark…Read More >
“Objects in mirror are closer than they appear.” And a community bank that’s closer to the people can be bigger and more capable than one imagines. Just ask Gary Rappaport. The retail real estate firm he founded thirty years ago, The Rappaport Companies, has grown into one of the largest owners and managers of shopping centers in the Mid-Atlantic. That kind of growth, in that business, takes big financing. So, even though we’d known Gary for decades, we realized he probably thought his business had outgrown the capabilities of a local bank like ours. Then, a few years ago, he called us. He owned an older shopping center in serious need of redevelopment in order to reposition it to be…Read More >
EagleBank prides itself on being the premier local bank in our area. We are about to deepen and broaden our roots in the community. We have focused our efforts on becoming as present and active in Northern Virginia as we have become in Maryland and the District. In furtherance of that goal, we have entered into a definitive merger agreement to acquire Virginia Heritage Bank, with EagleBank remaining as the surviving entity. Virginia Heritage is a $900 million bank headquartered in Tysons Corner. It has six branches, all in Northern Virginia. Our due diligence tells us the bank is well run, and has enjoyed great success in loans and profitability. Along with a number of the EagleBank staff, I have met with…Read More >