EagleBank Chairman and CEO, Ronald D. Paul, Appointed to National Community Bank Council
BETHESDA, Md., July 9, 2012 (GLOBE NEWSWIRE) -- EagleBank is pleased to announce that Chairman and CEO Ronald D. Paul has been appointed to the Independent Community Bankers of America (ICBA) Large Community Bank Council. The council, which has evolved over the last three years, meets to discuss unique issues that affect larger community banks (defined as community banks with approximately $1 billion or more in assets).
"It's an honor to be appointed to this council. EagleBank is a proud supporter of ICBA, the leading association in the United States that represents community banks. ICBA's mission is to create and promote an environment where community banks flourish. Addressing the specific needs of larger community banks like EagleBank is critical to this industry's future," said Paul. "Community banks are one of the fastest growing and most important engines of job growth and business revitalization in this country. The needs of community bankers have to be heard and met...it is necessary for the health of our economy and is important to banks of all sizes. ICBA's advocacy efforts play a key role in promoting the interests of community banks and what they contribute to our communities."
ICBA is the Nation's voice for more than 7,000 community banks of all sizes and charter types. The Association is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. While 91% of all banks in the nation are under $1 billion in assets, there is also an important segment within the banking industry represented by community banks over $1 billion in assets. The ICBA recognizes the unique role of these larger community banks, not only to their local economies, but also in their contributions to the industry as a whole.
"Ron Paul is a respected community leader in the D.C. area and has been a long-time champion of community banks," said Cam Fine ICBA president and CEO. "EagleBank is an exceptional example of what community banks bring to their local economies. They help local small businesses get started and thrive, while creating jobs and keeping deposits where they belongin the community."
ABOUT EAGLE BANCORP, INC. (EGBN) 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 sixteen 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.
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CONTACT: EAGLEBANK CONTACT Michael T. Flynn 240.497.2040
Source: Eagle Bancorp, Inc. 2012 GlobeNewswire, Inc.