Certain Common Stock of Eagle Bancorp Montana, Inc. are subject to a Lock-Up Agreement Ending on 9-JAN-2018.
January 09, 2018
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Certain Common Stock of Eagle Bancorp Montana, Inc. are subject to a Lock-Up Agreement Ending on 9-JAN-2018. These Common Stock will be under lockup for 90 days starting from 11-OCT-2017 to 9-JAN-2018.
Details:
The executive officers and directors have agreed that they will not sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase or otherwise dispose of or agree to dispose of, directly or indirectly, any common stock or securities convertible into or exchangeable or exercisable for common stock or warrants or other rights to purchase common stock or any other of securities that are substantially similar to common stock, or enter into a transaction that would have the same effect; or enter into any swap, hedge or other arrangement that transfers, in whole or in part, any of the economic consequences of ownership of the common stock, whether any such aforementioned transaction is to be settled by delivery of the common stock or such other securities, for a period of 90 days after the date of the final prospectus, without the prior approval of D.A. Davidson & Co.
Eagle Bancorp Montana, Inc. is the bank holding company of Opportunity Bank of Montana (the Bank). It provides loan and deposit services to customers who are predominantly small businesses and individuals throughout Montana. It is a diversified lender with a focus on residential mortgage loans, commercial real estate mortgage loans, commercial business loans, agricultural loans and second mortgage/home equity loan products. It offers a variety of deposit accounts. Deposit account terms vary, primarily as to the required minimum balance amount, the amount of time that the funds must remain on deposit and the applicable interest rate. Its current deposit products include certificates of deposit accounts ranging in terms from 90 days to five years, as well as, checking, savings and money market accounts. Individual retirement account (IRA) certificates are included in certificates of deposit. It also originates in commercial real estate, home equity, and consumer and commercial loans.