December 17, 2014

Thank You for the Year That Was and the New Year That Will Be

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 relationships, with flexibility and responsiveness from local decision-makers, and with a commitment to the community.

It’s exciting times at EagleBank.  We continue to be an active lender.  Year-over-year loan growth (September 2013 – September 2014) was 23%, a strong statement about our confidence in our market.  Our customers ask us to be involved in more and more of what they are doing, and we continue to develop new relationships weekly, of which we are so grateful.

Next year will continue to be a dynamic one for us, as we solidify the integration with Virginia Heritage and as we continue to develop relationships.  We’re stronger and bigger because of the merger.  But we’re still the personal local bank with customized approaches and direct access to decision makers that you have come to know.

Thank you for your support and confidence in us.  Deposits are up.  Loans are up.  The stock price is up.  Market capitalization is up.  It means a lot to each of the 425 employees of EagleBank that you hold us in such high regard.

Best wishes for a happy and healthy holiday season. And may 2015 be a year filled with professional success and personal growth.