BETHESDA, Md., April 20, 2010 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the "Company") (Nasdaq:EGBN), the parent company of EagleBank, today announced that Laurence E. Bensignor, Esquire has been appointed senior vice president of the Company and the Bank. He will be responsible for the growth of the organization's non-interest income businesses. Mr. Bensignor will report to Ronald D. Paul, Chairman and Chief Executive Officer of Eagle Bancorp, Inc. and EagleBank.
"Larry Bensignor is an experienced leader with superior management skills who can execute important initiatives that will impact the growth of our bank," said Ron Paul. "I have known Larry for over 25 years. He is a great choice for this role. His success-driven background of business, legal, real estate and financial expertise provides the skills we need to manage our fee income businesses and work with strategic partnerships. We will then be able to offer our clients more financial solutions, build their relationships, and strengthen our position as a top tier community bank."
Mr. Bensignor's 25-plus years of experience with private and public companies includes serving as a principal of the Van Metre Companies, a privately-owned regional real estate company. For over six years, he was a partner resident in the Washington, D.C. law office of Arter and Hadden, LLP, and was Chairman of its Real Estate Practice Group. Mr. Bensignor was also a partner with Melrod, Redman & Gartlan in Washington, D.C., specializing in real estate development and finance, and corporate transactions and matters.
Mr. Paul added: "Given Larry's extensive knowledge of the greater Washington, D.C. market, combined with his legal and business liaison expertise, operating skills and strong track record, we are confident he will play an important role in the growth of our non-interest income opportunities."
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 fourteen 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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