Seeking Alpha

Eagle Bancorp, Inc. (EGBN)

  • Oct. 16, 2014, 2:48 PM
    | Oct. 16, 2014, 2:48 PM | Comment!
  • Jun. 10, 2014, 8:00 AM
    • It's a stock and cash deal with Virginia Heritage Bank (VGBK) owners receiving in the area of $29 in aggregate consideration for each share of VGBK they own (vs. recent price of $21.66). The exchange ratio could be adjusted depending on what happens with Eagle Bancorp (EGBN) stock.
    • Eagle expects the deal to be accretive to earnings within a year after the merger, and modestly dilutive to book value.
    • Source: Press Release
    | Jun. 10, 2014, 8:00 AM | Comment!
Company Description
Eagle Bancorp Inc, through EagleBank, provides commercial banking services to its business & professional clients & full service consumer banking services to individuals & working. It also offers online banking, mobile banking & a remote deposit service.