August 18, 2014

August Musings

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 >

July 22, 2014

Growing by knowing

“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 >

June 18, 2014

A Winning Combination

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 >

June 12, 2014

EagleBank Presents the Bisnow Morning Brief

If you’re like me, each afternoon I go to my email inbox and open up the Bisnow Real Estate Newsletter for the DC area and learn what’s going on.  The e-newsletter reports on interesting deals, interesting events and interesting people. EagleBank is proud to announce that we have teamed up with Bisnow to create another newsletter that will arrive in inboxes each morning.  It will be just as current and compelling. EagleBank presents the Bisnow Morning Brief: a daily collection of “ripped from the headlines” Washington area real estate headlines, each linking you to the full story from a wide array of news sources, all online, all at your fingertips. Join EagleBank on keeping your finger on the pulse of the DC area real…Read More >

May 19, 2014

Good Things Happen

To EagleBank, serving the community is much more than volunteering or donating. It’s an integral part of the business plan. One of the pleasures of being a community bank is knowing that our success results from helping other local businesses succeed. When we can help a nonprofit organization whose business is helping members of the community directly, the satisfaction is even greater. That’s why we are especially proud of our relationship with Whitman-Walker Health, an internationally recognized provider of health care to the DC-area gay, lesbian, bisexual, transgender, and broader communities, as well as those living with HIV. Established in 1978, Whitman-Walker Health has provided culturally competent, quality care for thousands, especially those who face barriers to health care access.…Read More >

May 2, 2014

There When It Counts

EagleBank is proud to share success stories of our customers. Our recently issued Annual Report (click here) highlights three customers and the role EagleBank has played in their progress. Here is the story of M. Luis Construction, a family owned business headquartered in Rockville, MD: Cidalia Luis-Akbar and Natalia Luis had guided M. Luis Construction through the recession. But then the sisters’ troubles began. The Maryland-based road construction company their parents started in 1985 had achieved great success. Looking to build on that success, in late 2010 the sisters invested millions in an asphalt manufacturing plant in Rockville. In February 2011, a fire destroyed the company’s central operations hub, a loss worth several million dollars. Then the rains came. Over…Read More >

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…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 >

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