UPDATE: EagleBank Chairman, President & CEO Ronald D. Paul Named 2012 Community Banker of the Year
29 November 2012 - 6:00PM
EagleBank today announced that Ronald D. Paul, Chairman, President
and CEO of Eagle Bancorp ("Eagle") and EagleBank, has been named
one of three Community Bankers of the Year by American Banker
magazine—a recognition bestowed on these three CEOs for "Best in
Banking."
The other two honorees are John Corbett, president and CEO of
CenterState Bank, based in Winter Haven, Florida, and Cathleen
Nash, president and CEO of Citizens Republic in Flint,
Michigan.
Since founding Eagle in 1998, "Paul has steadily built the
company into an outstanding performer and one of the most active
lenders in the Washington area, with much of its loan growth coming
from the real estate sector," according to the American
Banker. Eagle is the largest community bank in metropolitan
Washington by deposit market share. It has become the largest
community bank headquartered in Maryland by market capitalization,
and is its most profitable. The bank continues to be very active in
its market, with loans up 18% over a year ago.
Eagle has reported increased, record earnings in each of the
last 15 quarters, and is "showing no signs of slowing down." Much
of this success goes to "Paul's relentless pounding of the
pavement, which has yielded lasting and profitable relationships"
with entrepreneurs and small business owners, developers, and local
governments—a public advocate on behalf of community banks. Paul
has trumpeted the cause of banking locally, succeeding in
establishing depository relationships with local governments such
as Montgomery County, MD and Washington, DC. He has also been an
effective spokesman on the need for Congress to extend the
Transaction Account Guarantee Program that provides unlimited FDIC
insurance to non-interest bearing transactions bank accounts. He
serves on the Large Bank Council of the Independent Community
Bankers of America.
ABOUT EAGLE BANCORP, INC. AND EAGLEBANK
Eagle Bancorp, Inc. is the holding company for EagleBank, which
commenced operations in 1998. The Bank is headquartered in
Bethesda, Maryland, and conducts full service banking services
through seventeen branches, located in Montgomery County, Maryland,
Washington, D.C. and Northern Virginia. The Company focuses on
building relationships with businesses, professionals and
individuals in its marketplace.
www.eaglebankcorp.com
The EagleBank logo is available
at http://www.globenewswire.com/newsroom/prs/?pkgid=6102
CONTACT: EAGLEBANK CONTACT
Michael T. Flynn
301.986.1800
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