BETHESDA, Md., Dec. 9, 2014 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. ("Eagle") (Nasdaq:EGBN) and EagleBank have announced the appointment of David P. Summers as a Director. Summers will serve on the boards of Eagle Bancorp, Inc. and EagleBank.
Summers served as Chairman of the Board and Chief Executive Officer of Virginia Heritage Bank ("VHB"), which was acquired by Eagle on October 31, 2014. From 2005 to 2007, he served on the Board of Directors and as an Executive Vice President of Mercantile Safe Deposit & Trust Company. He was formerly President and CEO and a member of the Board of Directors of Community Bank of Northern Virginia ("CBNV") for 13 years up until the sale of CBNV to Mercantile Bankshares Corporation in May 2005. At the time of the sale, CBNV had assets totaling approximately $900 million with 14 branch offices located in Fairfax City and Fairfax, Loudoun and Prince William counties. Prior to his employment with CBNV, Summers spent 11 years with Dominion Bank of Greater Washington. Mr. Summers earned his Bachelor of Science degree in Accounting at Virginia Tech. Summers is a Certified Public Accountant.
"We are honored to have Dave Summers join our Boards," commented Ronald D. Paul, Chairman and Chief Executive Officer of EagleBank and of Eagle Bancorp, Inc. "Dave brings years of experience in overseeing and operating community banks and we look forward to his invaluable participation on both boards. His contribution, involvement and leadership in our business community will be a great asset as we continue to pursue our strategic growth initiatives and opportunities, particularly in the Northern Virginia market. We are very fortunate to add this outstanding community leader to our energetic and valuable Boards of Directors," he concluded.
Commenting on his appointment, Summers said, "I am honored to be appointed to the Eagle and EagleBank Boards and look forward to working with Ron as we continue the expansion of our premier Washington, DC community bank. EagleBank is a well-respected organization that believes in relationship banking and providing the best possible financial services to help its customers achieve economic success and financial security, while maintaining credit quality and shareholder value."
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 22 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.