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EagleBank Announces Change in Chief Lending Officer Position

/ Source: GlobeNewswire

BETHESDA, Md., April 1, 2011 (GLOBE NEWSWIRE) -- EagleBank today announced that Martha Foulon-Tonat has transitioned from the position of Chief Lending Officer. Ms. Foulon-Tonat will continue to serve as an Executive Vice President of the Bank and will assume new duties within the Bank.   

"We truly appreciate Martha's contributions to EagleBank since our inception 12 years ago. The bank has been able to achieve remarkable success over this period," stated Ronald D. Paul, Chairman and CEO.

Robert R. Hoffmann, Executive Vice President, has been named Interim Chief Lending Officer. Mr. Hoffmann, who currently is the Chief Administrative Lending Officer, has been with EagleBank since 2003, and previously managed the Bank's Commercial and Industrial Lending Units.

"We are pleased that Bob Hoffmann is able to fill this role as we work through this transition period," Mr. Paul added. "His experience and leadership will be important as we continue our track record of strong growth, while maintaining the credit quality of our loan portfolio and our focus on strong customer relationships."   

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 thirteen 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.

CONTACT: Ronald D Paul 301-986-1800