The story below was published in our 3rd Quarter 2016 Newsletter. Loans That Help Heal Every loan tells a story: A commercial venture that brings an interesting historic property back to life; new homes to make homeownership dreams come true; a development that opens doors, provides jobs, but also preserves a natural habitat; shops, eateries, and retail enhancements that provide us with exciting choices and options. Among recent approved loans, one touched our hearts and inspired our patriotism. Travel down a two-lane road west of Cambridge on Maryland’s Eastern Shore and eventually you’ll see the Blackwater National Wildlife Refuge on your left. On the right, tucked behind some trees, is a 290-acre property with 2.3 miles of waterfront along Parsons Creek and…Read More >
Here is a link to the press release that went out this morning: Twelfth Annual EagleBank Foundation Fight Against Breast Cancer Golf and First Annual Tennis Classic Raised Over $400,000.
Here is a link to an article written by Katherine Johnson and published yesterday, October 17 in the George Mason University School of Business website: EagleBank Scholarship Fuels Student’s Entrepreneurial Drive…the importance of entrepreneurship education in our community and educational setting.
Last night, I spoke before an audience of George Mason University’s School of Business, at the EagleBank Arena, as part of the Brown & Brown Distinguished Speaker Series. My topic was “Leadership:The Key to Making a Difference in Business and in Life.” In my prepared remarks, I urged students and graduates to become leaders, at their place of work, their place of worship and in the community. I then spent 45 minutes answering audience questions, which ranged from “How do you overcome fear when trying to succeed at something new?” to “What was your biggest failure and what did you learn from it?” to “What is EagleBank’s differentiator among local banks?” Good questions! As part of EagleBank’s support relationship with…Read More >
Recently I wrote about the increasing prevalence of “business email compromise.” That’s when an email appears to come from a company executive directing a wire transfer to be made, but in fact it is fraudulent. EagleBank just published a brochure with good information describing various types of fraudulent efforts, ways you can reduce the risk of it happening to your company and more. I’m pleased to attach it. Be alert and proactive!
Yesterday I had the privilege of testifying before approximately 100 people associated with the Federal Reserve and the FDIC. I chose to focus my comments on two issues of particular importance to community banks. One relates to recent rules (commonly called Basel III) that require additional capital to be maintained at the bank to cover what are viewed by regulators as “high volatility commercial real estate loans.” Categorizing loans as such increases the cost to the bank of making these types of construction loans – and therefore either increases the cost to the borrower or diminishes the bank’s interest in making them. EagleBank has clearly demonstrated that loans can be made and monitored prudently. Accordingly, these loans are not “one…Read More >
I hope you had a good Thanksgiving, enjoying it with those who are special to you, and pausing to give thanks for all we are thankful for. Today, you may be hitting the malls, or at work or just relaxing again with family. Tomorrow, I urge you to shop at your local merchants. It’s Small Business Saturday, and it is most meaningful for all of us to support our area’s local small businesses. For they are the backbone of our area economy. That’s right. Generally speaking, small businesses are the job creators and fuel the engine of economic growth. Not only do small businesses employ local residents, but they give back to our community. That’s because for every $100 spent…Read More >
In May, I wrote about how EagleBank and George Mason University formed a major strategic alliance. The Bank gave $6.5 million to the University over ten years. It most visible effect is the renaming of the Patriot Center to EagleBank Arena. But the more important effects are not as visible: scholarships, internships, guest speaking in classes and mentoring, for example. Last Friday, this year’s five EagleBank scholarship recipients came to the EagleBank offices in Bethesda to meet with members of senior management. We got to know each other, learning about each of their passions and introducing them to community banking the EagleBank way. We also discussed entrepreneurship and leadership development, and the importance of giving back to the community. Then,…Read More >
Car speed is often measured by how quickly a vehicle goes from a standing start to sixty miles per hour. EagleBank opened its doors in 1998 as a brand new community bank. Friday, our assets exceeded $6 billion for the first time. Zero to 6.0 in just 17 years. How did we get here? From day one, we set out to be a different kind of bank – one where personal relationships really made a difference. To us, a loan is about more than numbers on a pro forma. A deposit is not just reflected in an interest rate. To us, it’s all about the people, and putting them, and our relationship with them, first. We’re flexible. And involved. And…Read More >
Recently, I had a conversation with EagleBank EVP/Director of Operations Chris Brockett that resonated with me. Chris accepted my invitation to write a guest post for my blog about it. People often ask me “as a banker, what keeps you up at night?” One major concern: cyber threats. Count on cybercriminals, probably our biggest cyber threat, to always try to be one step ahead. At EagleBank, we take the need for cybersecurity very seriously. It demands much of our time and effort, to ensure that our systems, your information – and your dollars – are as safe as they can be. In a future blog post, I’ll write about various programs we have in place. But the bank, on more…Read More >