EagleBank to Open a Loan Production Office in Prince George's County

Globe Newswire 13-May-2019 6:00 AM

BETHESDA, Md., May 13, 2019 (GLOBE NEWSWIRE) -- EagleBank today announced that it has executed a lease to expand into Prince George's County with a new loan office in Lanham, Maryland. The EagleBank loan office will be located in the Palmer Business Park at 4550 Forbes Boulevard, on the corner of Martin Luther King Jr. Highway and Forbes Boulevard -- close distance to the Beltway and New Carrollton Metro. This loan office will mark EagleBank's first office in Prince George's County. 

Expected to open in September 2019, the new EagleBank loan office will offer a full array of lending services to include commercial & industrial, commercial real estate, small business and residential real estate loans. With customer parking available, the office will be open five days a week, Monday through Friday from 8:30AM to 5:00PM. There will also be an ATM onsite that will accept check deposits and offer cash withdrawals.

"Prince George's County is a market that presents extraordinary opportunities for EagleBank. The opening of the Lanham office is another important step in our growth strategy for this county, where we are committed to growing our business and building longstanding financial relationships," commented EagleBank President and CEO Susan G. Riel. "We look forward to supporting the thriving community of commercial and small business enterprises, as well as growing families that call Prince George's County home," continued Ms. Riel.

"The Lanham location gives us a great opportunity to reach more Prince George's residents and business owners, who are living and working in the area and are looking for a solid banking relationship with a trusted local community bank," added EVP and Chief Lending Officer C&I Lindsey Rheaume. "We believe our core values and relationship-based banking philosophy of serving communities with a wide array of competitive lending products and unsurpassed customer service will be well received by the businesses, professionals and residents of this county. 

About Eagle Bancorp, Inc. and EagleBank
Eagle Bancorp, Inc. is the holding company for EagleBank, which commenced operations in 1998. EagleBank is headquartered in Bethesda, Maryland, and conducts full service commercial banking through 20 offices, located in Suburban, Maryland, Washington, D.C. and Northern Virginia. EagleBank focuses on building relationships with businesses, professionals and individuals in its marketplace.

EagleBank Contact
Susan G. Riel, President and CEO
301.986.1800