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EagleBank Announces the Appointment of Lynn Hackney to its Board

BETHESDA, Md., May 25, 2016 (GLOBE NEWSWIRE) -- EagleBank has announced that Lynn Hackney will serve as new Director on the Bank’s Board, effective immediately.

Ms. Lynn Hackney is a well-known entrepreneur and innovator in the Washington, DC multifamily real estate industry. She currently serves as President of Urban Pace, the leading condominium sales and marketing firm in the National Capital region, with additional offices in New York City and Philadelphia. Since Ms. Hackney founded Urban Pace in 2001, the company has orchestrated the disposition of more than $1.8 billion of real estate assets comprising more than 6,000 condominiums and townhomes. Ms. Hackney also is a Partner in Allyson Capital, a growing firm specializing in equity and debt for residential and commercial real estate transactions. Allyson Capital has offices in Washington, New York, and Miami. Ms. Hackney was unanimously elected 2016-18 President of the District of Columbia Building Industry Association (DCBIA), the first woman ever to serve in that capacity, and is a 2015 winner of Smart CEO’s Brava Awards, placing her among Washington’s most distinguished women business leaders. In addition, Ms. Hackney serves on the Boards of the Washington, DC Economic Development Partnership; she also is a founding member of the Washington ULI Women’s Leadership Initiative, and has served on the Board of Capital Bank. A longtime resident of Washington, DC, she holds a certificate from Harvard Business School, a master’s degree in business administration from Johns Hopkins University, and a bachelor’s degree in economics and finance from Virginia Commonwealth University.

“We are honored to add Lynn Hackney to our energetic and valuable Board of Directors,” commented Ronald D. Paul, Chairman and Chief Executive Officer of EagleBank. “Her impressive contributions, involvement and leadership in our business community will enhance our Bank’s ability to enrich relationships with our current business customers, real estate developers and professionals, and provide greater opportunities to create new ones. Her outstanding reputation and accomplishments will strengthen the awareness of EagleBank’s increasing lending and superior financial service capabilities to serve our local business community,” he concluded.

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 21 offices, located in Montgomery County, Maryland, Washington, D.C. and Northern Virginia. EagleBank focuses on building relationships with businesses, professionals and individuals in its marketplace.

EagleBank Contact Ronald D. Paul 301.986.1800

Source:Eagle Bancorp, Inc.