December 22, 2011

Holiday Season 2011

The Holiday Season is the perfect setting to look backwards at the year past and to look forward with anticipation.  As I reflect on 2011 and the year EagleBank has had, I want to thank all of our customers, suppliers, employees, community and shareholders for their continued support.

What a year!  As other banks have experienced a continued drop off in loans, our loan portfolio is up.  Our deposits through the third quarter are higher compared to the same period a year ago.  Consolidated EGBN net income available to shareholders for the first nine months of 2011 is substantially ahead of the first nine months of 2010.

I’ll save the details until next month when we release our year-end financial results.

But I do not want to wait to express my gratitude.

To our customers, the foundation of our success, we are proud to be able to support you in your individual endeavors by being your financial “partner.”  And as we now have insurance and investment advisory services under our wing, we can offer you an even fuller array of financial services.  Buying real estate? Operating a business? Own a home? Eagle Insurance Services can help.  If you are a nonprofit entity or a trade association, or if you are a high net worth individual, EagleBank Investment Advisory Services can advise you on investment management.

To our suppliers, with whom we work every day, thank you for all you do to assist our customers.  They recognize the face of the branch manager or loan officer, but we know of all of the vendor associates who help make us deliver to our customers every day.

To our employees, without whom we would not function, a very big “thank you.”  I am so proud of the level of dedication and service every one of our 340+ employees brings to EagleBank every day – after-hours included.  Thank you for your constant hard work, and for your caring.

To the community, in which we live and work, thank you for your support of EagleBank.  We strive to contribute to our hometown in many ways, through our volunteer efforts and our financial support.  It’s great to be able to give back to such wonderful causes and people.

And finally, to our shareholders, for whom we do all of this, a special thank you for your support.  As the financial sector has seen a major downturn in stock prices, we haven’t.  Thank you for recognizing the depth and breadth of our success.

To each and every one of you, the very best wishes for a happy and healthy New Year.  May 2012 be filled with good health and personal accomplishments.  We look forward to continuing to be a part of your success story.