EagleBank (NASDAQ: EGBN) is a bank in the Washington, D.C. metropolitan area. It may be best known for sponsoring the EagleBank Bowl, a college football bowl game first held in December 2008. The bank is operated by Eagle Bancorp, Inc., which is headquartered in Bethesda, Maryland.
Eagle Bancorp, Inc. operates as the bank the holding company for EagleBank that provides various commercial and consumer banking services. It accepts a range of deposit products, which comprise business and personal checking accounts, negotiable order of withdrawal accounts, savings and money market accounts, time deposits, and individual retirement accounts. The companys loan portfolio comprises commercial loans for business purposes, including working capital, equipment purchases, lines of credit, and government contract financing; asset based lending and accounts receivable financing; real estate loans consisting of construction loan financing; business equipment financing; consumer installment loans, including automobile and personal loans; personal lines of credit; residential mortgage loans; and credit card services. It also offers various cash management services, such as electronic banking, business sweep accounts, lock box, account reconciliation, credit card depository, safety deposit boxes, automated clearing house origination, after-hours depositories, and ATM services. Eagle Bancorp primarily serves business and professional clients, such as sole proprietors, small and medium-sized businesses, partnerships, corporations, and nonprofit organizations and associations, as well as individuals.
In addition, the company, through its other subsidiary, Eagle Commercial Ventures LLC, provides subordinated financing for the acquisition, development, and construction of real estate projects. As of March 23, 2010, it operated 14 offices in Montgomery county, Maryland; Washington, the District of Columbia; and northern Virginia. The company was founded in 1997 and is headquartered in Bethesda, Maryland.
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