BETHESDA, Md., Nov. 29, 2012 (GLOBE NEWSWIRE) -- EagleBank today announced that Ronald D. Paul, Chairman, President and CEO of Eagle Bancorp ("Eagle") and EagleBank, has been named one of three Community Bankers of the Year by American Banker magazine—a recognition bestowed on these three CEOs for "Best in Banking."
The other two honorees are John Corbett, president and CEO of CenterState Bank, based in Winter Haven, Florida, and Cathleen Nash, president and CEO of Citizens Republic in Flint, Michigan.
American Banker describes Paul as "a nimble strategist, an able ambassador, and a turnaround artist who parlayed an impressive rescue into a merger opportunity."
Since founding Eagle in 1998, "Paul has steadily built the company into an outstanding performer and one of the most active lenders in the Washington area, with much of its loan growth coming from the real estate sector," according to the American Banker. Eagle is the largest community bank in metropolitan Washington by deposit market share. It has become the largest community bank headquartered in Maryland by market capitalization, and is its most profitable. The bank continues to be very active in its market, with loans up 18% over a year ago.
Eagle has reported increased, record earnings in each of the last 15 quarters, and is "showing no signs of slowing down". Much of this success goes to "Paul's relentless pounding of the pavement, which has yielded lasting and profitable relationships" with entrepreneurs and small business owners, developers, and local governments—a public advocate on behalf of community banks. Paul has trumpeted the cause of banking locally, succeeding in establishing depository relationships with local governments such as Montgomery County, MD and Washington, DC. He has also been an effective spokesman on the need for Congress to extend the Transaction Account Guarantee Program that provides unlimited FDIC insurance to non-interest bearing transactions bank accounts. He serves on the Large Bank Council of the Independent Community Bankers of America.
ABOUT EAGLE BANCORP, INC. 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 seventeen branches, 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.
The EagleBank logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6102
CONTACT: EAGLEBANK CONTACT Michael T. Flynn 301.986.1800
Source:Eagle Bancorp, Inc.