Eagle Bancorp, Inc. announces an Equity Buyback for 1,600,000 shares, representing 5% of its issued share capital.
January 20, 2022 at 03:02 am IST
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Eagle Bancorp, Inc. (NasdaqCM:EGBN) announces a share repurchase program. Under the program, the company will repurchase up to 1,600,000 shares, representing 5% of its outstanding share capital. The program is valid till December 31, 2022.
Eagle Bancorp, Inc. is a bank holding company for EagleBank (the Bank). The Bank is a chartered commercial bank. The Company, through the Bank, conducts a full-service community banking business in Northern Virginia, Suburban Maryland and Washington, D.C. The primary financial services offered by the Bank include real estate, commercial and consumer lending, as well as traditional deposit and repurchase agreement products. The Bank offers a range of commercial banking services to its business and professional clients, as well as consumer banking services to individuals living and/or working primarily in the Bankâs market area. The Bankâs loan portfolio consists of traditional business and real estate secured loans. It operates 13 branch offices: six in Suburban Maryland, four located in the District of Columbia, and three in Northern Virginia. It also has four lending centers and utilizes various digital capabilities, including remote deposit services and mobile banking services.
EAGLE BANCORP, INC. 
