EagleBank
USINFO | 2013-08-21 11:14

 

EagleBank (NASDAQ: EGBN) is a bank in the Washington, D.C. metropolitan area. It may be best known for sponsoring the EagleBank Bowl, a college football bowl game first held in December 2008. The bank is operated by Eagle Bancorp, Inc., which is headquartered in Bethesda, Maryland.

Eagle Bancorp, Inc. operates as the bank the holding company for EagleBank that provides various commercial and consumer banking services. It accepts a range of deposit products, which comprise business and personal checking accounts, negotiable order of withdrawal accounts, savings and money market accounts, time deposits, and individual retirement accounts. The company’s loan portfolio comprises commercial loans for business purposes, including working capital, equipment purchases, lines of credit, and government contract financing; asset based lending and accounts receivable financing; real estate loans consisting of construction loan financing; business equipment financing; consumer installment loans, including automobile and personal loans; personal lines of credit; residential mortgage loans; and credit card services. It also offers various cash management services, such as electronic banking, business sweep accounts, lock box, account reconciliation, credit card depository, safety deposit boxes, automated clearing house origination, after-hours depositories, and ATM services. Eagle Bancorp primarily serves business and professional clients, such as sole proprietors, small and medium-sized businesses, partnerships, corporations, and nonprofit organizations and associations, as well as individuals.

In addition, the company, through its other subsidiary, Eagle Commercial Ventures LLC, provides subordinated financing for the acquisition, development, and construction of real estate projects. As of March 23, 2010, it operated 14 offices in Montgomery county, Maryland; Washington, the District of Columbia; and northern Virginia. The company was founded in 1997 and is headquartered in Bethesda, Maryland.

EagleBank was created to be different. Our experience told us that banks were largely failing their communities because they were not part of them. We, therefore, set out the following beliefs by which we wish to be known and held accountable:

Your bank's home office should be minutes away by car, not hours away by plane. Bankers should be based in their communities, not assigned by distant offices that see only profits, not people.

Bankers must know more about their customers than what they read. We want to shake hands and learn names. We want to know about your business or practice. Want to talk to our CEO or president? Come in and see him. Formulas don't make good banking sense, relationships do.

All banking decisions that affect a community should be made in that community. How can a banker in North Carolina, Georgia, NY or California make timely banking decisions other than by formula? All of our officers and members of our loan committee are local. We talk face-to-face with our customers and go out and visit their businesses.

We believe that local businesses are the engines of the community. We want them to succeed and we will go "the extra mile" because they do.

We want to say "yes!" We start from that position then find a way to do just that. We're here to figure out how we can help your situation. Local businesses are by definition not "textbook." If you have a business problem that doesn't fit our solutions, we will find a new solution. It's that simple.

We offer a wide-range of banking products and services that are competitive with any bank, large or small. We are proud of our full line of loan products and state-of-the-art cash management services.
 

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