Eagle Bancorp, Inc. Announces 10% Stock Dividend
16 Mai 2013 - 10:15PM
Eagle Bancorp, Inc. (the "Company") (Nasdaq:EGBN), the parent
company of EagleBank, today announced that the Board of Directors
of the Company had approved a 10% stock dividend for shareholders
of record on May 31, 2013, payable on June 14, 2013.
Ronald D. Paul, Chairman and Chief Executive Officer of the
Company, stated that he "was pleased to announce the stock
dividend, which was effected in an effort to increase liquidity and
shareholder value, and to maintain the relative affordability of an
investment in the common stock for individual investors, who are
also our customers, and whose support and patronage have been
invaluable to the Company's success as a community bank."
As a result of the dividend, the number of outstanding shares
will increase by approximately 2.3 million shares.
About Eagle Bancorp: The Company is the holding
company for EagleBank, which commenced operations in 1998. The Bank
is headquartered in Bethesda, Maryland, and operates through
eighteen full service branch offices, located in Montgomery County,
Maryland; Washington, D.C.; City of Alexandria, Virginia and
Arlington and Fairfax Counties, Virginia. The Company focuses on
building relationships with businesses, professionals and
individuals in its marketplace.
Forward-looking Statements
Statements included in this press release that are not
historical or current facts are "forward-looking statements" made
pursuant to the safe harbor provision of the Private Securities
Litigation Reform Act of 1995, and are subject to certain risks and
uncertainties that could cause actual results to differ materially
from historical earnings and those presently anticipated or
projected. Eagle Bancorp, Inc. disclaims any obligation to
subsequently revise any forward-looking statements to reflect
events or circumstances after the date of such statements, or to
reflect the occurrence of anticipated or unanticipated events or
circumstances.
CONTACT: Michael T. Flynn
301.986.1800
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