EagleBank Announces Expansion of Residential Mortgage Capabilities
11 Dezember 2003 - 4:47PM
PR Newswire (US)
EagleBank Announces Expansion of Residential Mortgage Capabilities
BETHESDA, Md., Dec. 11 /PRNewswire-FirstCall/ -- EagleBank has been
on a fast track since it opened in July 1998 and anticipates growth
in assets to reach close to $400 million by year-end. What the
Bethesda-based business bank did not necessarily expect is that it
would have a residential mortgage department that is clearly on the
march as well. Richard D. Corrigan, Senior Vice President and Chief
Real Estate Lending Officer, describes his department as finally
being "all things real estate, residential and commercial", no
small feat for a community bank clearly focused on the business
sector of its market. "We want the residents of the Washington
Metropolitan area to know that when it comes to types of
residential mortgages available and rates, EagleBank can now
compete with any bank," said Mr. Corrigan. "We have expanded our
group of loan originators and support staff which will permit us to
continue to respond quickly and efficiently to what is still a very
healthy market for residential mortgages. And our continuing
service to our customers cannot be matched." In addition to fixed
rate and adjustable rate mortgages, conforming and jumbo mortgages,
"full doc" and "no doc", EagleBank also offers "A Plus" mortgages
for the most creditworthy customers as well as the "A Minus" loan.
"We also want the community to know that EagleBank makes
construction/permanent loans," Mr. Corrigan continued. "Not all
banks offer this option for those consumers who want to build their
own homes or make renovations to their existing homes. The
EagleBank construction/perm loan rolls land purchase (for new home
construction), construction, and permanent financing into one loan,
saving time and money for the customer." EagleBank commenced
operations in July 1998. The bank currently has five offices in
Montgomery County, Maryland and one in Washington, D.C. A fifth
Montgomery County branch office is anticipated to open by the end
of the year. EagleBank specializes in delivering full relationship
banking services to the business and professional community.
DATASOURCE: EagleBank CONTACT: Thomas D. Murphy of EagleBank,
+1-240-497-2042 Web site: http://www.eaglebankmd.com/
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