Eagle Bancorp, Inc. Announces Director Departures
01 Oktober 2019 - 10:15PM
Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), today announced
that three members of its Board of Directors, Leslie M. Alperstein,
Harvey M. Goodman and Lynn Hackney, have submitted their
resignations from the Company’s Board of Directors and the Board of
Directors of EagleBank, its primary subsidiary.
Norman R. Pozez, Chairman of the Board of the
Company, stated that, “We are saddened as we recognize the
departure of three colleagues from the Board. We will definitely
miss the services of Les Alperstein, a long-time director of the
Company and EagleBank, Harvey Goodman, a founding director of
EagleBank, and Lynn Hackney, a newer, but equally valued member of
the Board of EagleBank and the Company. However we understand their
decisions and wish each of them well as they focus on the demands
of their own businesses. We express our gratitude to Les,
Harvey and Lynn, each of whom has contributed so much to the
Company and the bank.” Harvey Goodman stated that,
“Les, Lynn and I are grateful for the relationships we have
developed over many years with the employees, directors and
customers of EagleBank. We are proud of the growth of the bank, its
size and financial strength and most importantly its contributions
to the community. We are leaving the bank in very able hands and
look forward to its continued success.”
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 twenty branch offices, located in
Suburban Maryland, Washington, D.C. and Northern Virginia. The
Company focuses on building relationships with businesses,
professionals and individuals in its marketplace.
Forward-looking Statements:
This press release contains forward-looking statements within the
meaning of the Securities Exchange Act of 1934, as amended,
including statements of goals, intentions, and expectations as to
future trends, plans, events or results of Company operations and
policies and regarding general economic conditions. In some cases,
forward-looking statements can be identified by use of words such
as “may,” “will,” “anticipates,” “believes,” “expects,” “plans,”
“estimates,” “potential,” “continue,” “should,” and similar words
or phrases. These statements are based upon current and anticipated
economic conditions, nationally and in the Company’s market,
interest rates and interest rate policy, competitive factors, and
other conditions which by their nature, are not susceptible to
accurate forecast and are subject to significant uncertainty.
Because of these uncertainties and the assumptions on which this
discussion and the forward-looking statements are based, actual
future operations and results in the future may differ materially
from those indicated herein. For details on factors that could
affect these expectations, see the risk factors and other
cautionary language included in the Company’s Annual Report on Form
10-K for the year ended December 31, 2018 and in other periodic and
current reports filed with the SEC. Readers are cautioned against
placing undue reliance on any such forward-looking statements. The
Company’s past results are not necessarily indicative of future
performance.
EAGLE BANCORP,
INC.CONTACT:Michael T.
Flynn301.986.1800
Eagle Bancorp (NASDAQ:EGBN)
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