Last $34.13 USD
Change Today -0.01 / -0.03%
Volume 33.7K
EGBN On Other Exchanges
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NASDAQ CM
As of 8:10 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

7815 Woodmont Avenue

Bethesda, MD 20814

United States

Phone: 301-986-1800

Fax:

Eagle Bancorp, Inc. operates as the holding company for EagleBank that provides various commercial and consumer banking services. The primary service area of the company is the Washington, D.C. metropolitan area. As of December 31, 2012, the company operated 17 offices, which consist of 7 in Montgomery County, Maryland located in Rockville (3), Bethesda, Silver Spring, Potomac and Chevy Chase; 5 located in the District of Columbia; and 5 in Northern Virginia located in Tysons Corner, Ballston, Rosslyn, Reston, and Merrifield. The bank has two direct subsidiaries: Bethesda Leasing, LLC and Eagle Insurance Services, LLC. Bethesda Leasing, LLC holds title to and operates real estate owned acquired through foreclosure. Eagle Insurance Services, LLC facilitates the placement of commercial and retail insurance products through a referral arrangement with The Meltzer Group, which is a insurance brokerage within the company's market area. Services The company offers a range of commercial banking services to its business and professional clients, as well as complete consumer banking services to individuals living or working in the service area. The company emphasizes providing commercial banking services to sole proprietorships, small and medium-sized businesses, partnerships, corporations, non-profit organizations and associations, and investors living and working in and near its primary service area. A range of retail banking services are offered to accommodate the individual needs of both corporate customers, as well as the community it serves. The company also offers online banking, mobile banking and a remote deposit service, which allows clients to facilitate and expedite deposit transactions through the use of electronic scanning devices. The company provides various commercial and consumer lending products to small to medium-sized businesses and individuals for various business and personal purposes, including commercial loans for various business purposes, such as for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset based lending and accounts receivable financing (on a limited basis); construction and commercial real estate loans; business equipment financing; consumer home equity lines of credit, personal lines of credit and term loans; consumer installment loans, such as auto and personal loans; personal credit cards offered through an outside vendor; and residential mortgage loans. The company maintains a loan portfolio consisting primarily of traditional business and real estate secured loans. Its consumer loans portfolio consist primarily of home equity lines of credit that are structured with an interest only draw period followed either by a balloon maturity or a fully amortized repayment schedule. Its consumer loan portfolio also includes some first lien residential mortgage loans. The company operates as a Small Business Administration (SBA) lender. The company is also an active traditional commercial lender providing loans for various purposes, including cash flow, equipment, and account receivable financing. The company is an approved SBA lender. As a preferred lender under the SBA's Preferred Lender Program, the company can originate certain SBA loans in-house without prior SBA approval. SBA loans are made through programs designed by the federal government to assist the small business community in obtaining financing from financial institutions that are given government guarantees as an incentive to make the loans. Under certain circumstances, the company attempts to further mitigate commercial term loan losses by using loan guarantee programs offered by the SBA. The company originates residential mortgage loans primarily as a correspondent lender. Loans intended for residential land acquisition, lot development and construction are made on the premise that the land would be developed for building sites for residential structures; and would ultimately be utilized for construction or improvement of residential zoned real properties, including the creation of housing. Residential development and construction loans would finance pr

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