Eagle Bancorp, Inc. Completes Sale of $10 Million of Common Stock in Underwritten Offering
31 Oktober 2012 - 9:10PM
Eagle Bancorp, Inc. (Nasdaq:EGBN) (the "Company"), the parent
company of EagleBank, Bethesda, Maryland (the "Bank"), announced
the closing, on October 31, 2012, of the sale by the Company of
552,012 shares of common stock at a price of $18.25 per share. The
Company received net proceeds of approximately $9.7 million after
underwriting discounts and expenses. Sandler O'Neill + Partners,
L.P. acted as the sole underwriter for the offering.
This press release is for informational purposes only and is not
an offer to sell or the solicitation of an offer to sell any
security of the Company, which is made only by means of a
prospectus supplement and related base prospectus, nor will there
be any sale of any security in any jurisdiction in which such
offer, solicitation or sale would be unlawful.
About Eagle Bancorp: The Company is the holding
company for EagleBank which commenced operations in 1998. The Bank
is headquartered in Bethesda, Maryland, and conducts full service
commercial banking through seventeen offices, located in Montgomery
County, Maryland, Washington, D.C., Arlington County, Virginia, and
Fairfax County, Virginia. The Company focuses on building
relationships with businesses, professionals and individuals in its
marketplace.
The Eagle Bancorp, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6101
CONTACT: EAGLE BANCORP, INC.
Michael T. Flynn
301.986.1800
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