updated 11/2/2010 12:46:28 PM ET 2010-11-02T16:46:28

BETHESDA, Md., Nov. 2, 2010 (GLOBE NEWSWIRE) -- EagleBank today announced the appointment of Steven M. Wiltse, CPA, to its Board of Directors. Wiltse is a Tax Partner and Co-Founder of Argy, Wiltse & Robinson, P.C. in McLean, Virginia. He has been a member of EagleBank's Northern Virginia Advisory Board since March 2010.

As a co-founder of Argy, Wiltse & Robinson, P.C., Wiltse has played a pivotal role in growing the firm and creating its business development program, which he leads by strong example. He is a ubiquitous figure in the Greater Washington business community. Wiltse has over 30 years of diversified tax experience, with expertise in government contracting, technology, real estate and other service industries. As a tax partner, he is responsible for overseeing and managing proactive tax planning activities, addressing complex tax issues, and providing tax compliance services for closely-held corporations and partnerships. Wiltse is also the recipient of the 2008 and 2010 SmartCPA Awards by SmartCEO.

"We are very pleased and fortunate to have Steve join our Board of Directors," commented Ronald D. Paul, Chairman and Chief Executive Officer of EagleBank. "His contribution, involvement and leadership in our business community, as well as his professional expertise, will be a great asset to the Bank's Board as we continue to pursue our strategic growth initiatives and opportunities, particularly in the Northern Virginia market."

Commenting on his appointment, Wiltse said, "I am very flattered and honored to be appointed to the Board of Directors of EagleBank—one of the leading community banks in the Greater Washington Metropolitan area. I'm thrilled to serve on the board of such a well-respected organization that believes in relationship banking and providing the best possible financial services to help its customers achieve economic success and financial security."

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 twelve offices, 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.

The EagleBank logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6102

www.eaglebankcorp.com

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