April 18, 2014

Banking on Our Community

At EagleBank, we never forget that the first word in “community bank” is community.  One of the ways we give back to our neighbors is to be involved in enhancing financial literacy, especially among young adults.  Our recently issued Annual Report (available here) addressed just some of the community programs in which we are involved: EverFi Program  EagleBank partnered with EverFi, Inc., to bring a fun, web‑based program that teaches critical financial skills to students at three Washington, DC high schools.  The EverFi Financial Literacy course uses the latest in new-media technology to bring complex financial concepts to life.  The program helps students become better-informed, more responsible citizens. Teaching Financial Skills  EagleBank’s Merrifield office established a partnership with Lemon Road Elementary…Read More >

April 14, 2014

Just Published: 2013 Annual Report

We just issued Eagle Bancorp’s Annual Report for 2013.  In our Letter to Shareholders, Vice Chair Bob Pincus and I write: It’s hard to believe that Eagle Bancorp, Inc. and EagleBank have been serving metropolitan Washington for over 15 years, with a goal of returning personalized, community banking to our region. EagleBank is metropolitan Washington’s premier community bank.  We lead the area community banks in loan growth; you’ll see our signs throughout the region.  We hold more deposits than any other community bank in the area.  We are recognized as a go-to bank—for deposits, for loans and for safety and soundness.  EagleBank is large enough to meet customer needs while remaining small enough and nimble enough to satisfy customer needs.…Read More >

February 10, 2014

The Art of the Do-able

Guest Post by Tony Marquez, Executive Vice President and Chief Commercial Real Estate Lender of EagleBank 2013 confirmed that commercial real estate debt capital users appreciate the unique value that EagleBank’s commercial real estate department brings to the market.  What’s the EagleBank difference?  We’re right here. Metropolitan Washington is our backyard, so we know it intimately.  The decision makers are right here too.  No one in Pittsburgh or Charlotte or wherever is asked to approve a loan regarding a neighborhood they have never visited.  This is our hometown. Look to EagleBank for certainty in execution.  We help get you to the closing table.  But perhaps more than anything, our differentiator is that we practice the “art of the do-able.”  There…Read More >

December 3, 2013

Shop Local

We all know that the holidays are a time of giving.  We give to our families, our friends, our places of worship, and our favorite charities.  The list goes on.  For many of us in metropolitan Washington, this also means giving back to our community. If you shop locally at small businesses, you are doing just that — supporting our community! While this may seem like a small step, it’s actually a big one.  After all, small businesses drive our local economy by creating jobs and employing local residents, all the while putting money back to work in our community.  That’s because for every $100 spent at a locally owned business, $45 goes back into the community and the local…Read More >

October 17, 2013

The Ripple Effect is Enormous

While the end of the government shutdown may have stopped the bleeding, small businesses have already hemorrhaged from the effects of two weeks of closed government doors.  I had the honor and privilege to appear Tuesday, October 15 before the U.S. Senate Committee on Small Business and Entrepreneurship.  Under the leadership of Chair Mary Landrieu (Louisiana), the Committee conducted hearings on the effect of the shutdown on small businesses and banks. I am pleased to post my opening testimony here. The entire hearing may be viewed at http://c-spanvideo.org/program/SmallBusinesse; my opening statement is at the 0:44 minute mark.  Questions and Answers followed. I have grave concerns about the “kick the can down the road” legislation that was the supposed “solution” to the…Read More >

October 3, 2013

The Extra Mile

Recently I wrote about our tagline, Relationships F·I·R·S·T.  The five letters in F·I·R·S·T are an acronym.  They stand for Flexible. Involved. Responsive. Strong and Trusted.  That’s how our customers describe us. And so do our employees.  At an all-employee meeting, we asked for employees to give their own reasons why the tagline and the individual words are a match for EagleBank. Here’s some of what I heard: Involved: We listen, rather than just hear. We strive to truly understand our customer’s needs and wants. We take ownership.  We accept responsibility and are then held accountable to our customers.  We keep our customers apprised – before they even ask for a status report. We go the extra mile…every day (weekends and holidays…Read More >

August 6, 2013

There is No Box

As you have seen, EagleBank changed it’s tagline earlier this year.  Sure, we’re still listening, but we wanted to emphasize how we always put Relationships F·I·R·S·T.  Each letter in FIRST stands for a pillar of how we do business.  Flexible.  Involved.  Responsive.  Strong.  Trusted. Recently employees of EagleBank – nearly 400 of us – met in groups to discuss what each of the pillars of F·I·R·S·T mean to us.  I am happy – and proud – to share their thoughts with you. This post focuses on Flexible.  What do we mean when we say we are flexible? We always start with a blank piece of paper, not a product from off the shelf.  We don’t just think outside the box…there is…Read More >

June 12, 2013

A Shared Commitment

As chief executive officer of a business, I always welcome hearing from our customers – whether it’s a pat on the back or a constructive suggestion.  We can’t know what we’re doing well, and what needs improvement, without feedback. I share with you one such letter from a borrower of EagleBank, Accent Development Company.  As you have been hearing lately, other banks are announcing to the public that “they’re back.”  At EagleBank, we never left. Click here for hyperlink to customer letter

March 19, 2013

We Never Left –

There Yesterday, Here Today, Here Tomorrow You’ve probably seen the ads.  Perhaps you’ve gotten a phone call.  Some national bank is calling to say “they’re back.”  They’re back? We never left. In fact, in the four years since the depths of the financial crisis (2009-2012), EagleBank has made over $1.2 billion in new loans.  That’s an average compounded increase of 18% annually.  Put another way, we basically doubled our loan portfolio in just four years!  Our loan covenants are reasonable; we are flexible when your changes arise.  Most importantly, when you need an answer, you get one quickly. On December 31, 2012, we held $2.5 billion in loans.  We’re Washington’s number one community bank for making SBA loans.  You’ll see…Read More >

February 15, 2013

Looking Back. Looking Forward.

The year 2012 was another watershed year for EagleBank.  To our customers, shareholders, employees, vendors and the community at large: thank you for contributing to our success. Both Main Street and Wall Street showed their confidence in us.  We are now a $3.4 billion dollar bank, making us one of metropolitan Washington’s largest community banks by asset size.  The FDIC recognized EagleBank in 2012 as having more deposits than any other community bank in the Washington region. Our deposits increased 20% compared to 2011.  Loans were also up 20% compared to a year ago.  Unlike other banks that have hunkered down, we continue to be a “go to” financing source for businesses and real estate.  Many a construction project or…Read More >

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