EagleBank Adds Experienced Commercial Real Estate Expert to the Board of Directors
30 Juli 2024 - 9:30PM
EagleBank (NASDAQ: EGBN), one of the largest community banks in the
Washington, D.C. area, today announced the appointment of Pete
Mathews as an independent member of its Board of Directors (the
“Board”) and to the Board of Directors of Eagle Bancorp, Inc., its
holding company, effective July 26, 2024. Mathews will serve as a
member of the Asset Quality Subcommittee of the Risk Committee of
the Board, leveraging his four decades of experience servicing the
Commercial Real Estate (CRE) industry. Following his appointment,
the Board will consist of 10 directors, eight of whom will be
independent.
“Pete’s experience in CRE asset management is a
great addition to the Board as we drive sustained growth for
EagleBank,” said Norman Pozez, Executive Chairman of the Board. “We
look forward to drawing on his leadership and experience in
managing asset quality as the Board continues its oversight
role.”
Mr. Mathews is a retired Senior Vice President
at M&T Bank, where, over the course of his 43 years he served
in several senior management roles, most recently overseeing the
commercial and CRE credit officers.
“I am honored to be joining the EagleBank Board
and help drive forward the Bank’s strategic priorities,” said Pete
Mathews. “EagleBank stands as a leader in the region due to its
industry leading capital and strength in Commercial Real Estate. I
am eager to utilize my skills and experiences to support EagleBank
as it continues to expand its business in the Washington, DC region
and beyond.”
“As we continue to strengthen our team of
personnel in all areas of the Bank, it is my pleasure to welcome
Pete Mathews to our Board,” said Susan Riel, President and CEO of
EagleBank. “In our 25-year franchise CRE has always been a
foundation of EagleBank, and Pete’s impressive four-decade career
in commercial real estate and commercial banking will support
EagleBank in maintaining our position as a local leader in the
industry. I am delighted to have Pete on our team.”
***Pete
MathewsPete Mathews is a former Senior Executive Vice
President at M&T Bank. At the time of his retirement in 2022,
he was the Senior Deputy Credit Officer overseeing the Commercial
Credit teams supporting the bank’s Commercial Lending and
Commercial Real Estate segments. Before that, he was the Deputy
Credit Officer in charge of the Commercial Real Estate Credit
group. He began his career over 45 years ago at First National Bank
of Maryland in the Retail Branch Management Program. Thereafter he
maintained various Relationship Manager and Team Leader roles
within commercial and commercial real estate lending. At the time
that First National Bank of Maryland (or Allfirst Bank, as it later
came to be known) merged with M&T Bank in 2003, Mr. Mathews was
in charge of the Commercial Real Estate Division. He ran the
Mid-Atlantic CRE unit for M&T until becoming the bank’s Senior
Real Estate Credit Officer in 2005.
Mr. Matthews currently serves on the Board of
Catholic Charities of Baltimore and chairs the Board of Healthy
Neighborhoods, Inc. After over 20 years of service he will retire
as Treasurer and former Board Governance Chair for Business
Volunteers Maryland. Mr. Mathews obtained a Bachelor of Arts in
American History from Princeton University.
About Eagle Bancorp, Inc. and
EagleBankEagle Bancorp, Inc. is the holding company for
EagleBank, which commenced operations in 1998. EagleBank is
headquartered in Bethesda, Maryland, and conducts full service
commercial banking through 12 offices, located in Suburban,
Maryland, Washington, D.C. and Northern Virginia. EagleBank focuses
on building relationships with businesses, professionals and
individuals in its marketplace.
EagleBank ContactVikki KayneChief Marketing
Officer301.986.1800
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