UPDATE: EagleBank Launches Investment Advisory Services Through Strategic Alliance With Morgan Stanley Smith Barney
January 24 2011 - 5:30PM
EagleBank announced this past Thursday, January 20, 2011, that it
had entered into a Referral Agreement with Morgan Stanley Smith
Barney LLC to offer customers investment advisory services. Under
the program, EagleBank will refer bank customers and others to
Graystone Consulting, a business of Morgan Stanley Smith Barney,
which will provide a variety of investment advisory services to
referred clients. This relationship will help to enhance the scope
of financial services the Bank can provide to its customers.
Graystone Consulting offers institutional clients and private
families the combination of a focused investment consulting firm
along with the resources and capital markets expertise of one of
the world's preeminent investment organizations.
"We're very excited about this new relationship with Morgan
Stanley Smith Barney's Graystone Consulting unit. While
searching for a partner that would provide access to financial
advisors, and be able to help meet our customers' investment needs
and goals, we also wanted professionals who would give our
customers the same service they receive at EagleBank," stated
Ronald D. Paul, Chairman and Chief Executive Officer of
EagleBank. "This is an important step forward in our efforts
to expand on the banking value we offer our customers for financial
growth in their personal and business lives," concluded Paul.
Morgan Stanley Smith Barney LLC. Member SIPC. Graystone
Consulting is a business of Morgan Stanley Smith Barney LLC.
INVESTMENT PRODUCTS: NOT FDIC INSURED · NOT BANK GUARANTEED ·
MAY LOSE VALUE
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 twelve 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.
The EagleBank logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6102
Forward-looking Statements: This press release
contains forward-looking statements within the meaning of the
Securities and Exchange Act of 1934, as amended, including
statements of goals, intentions, and expectations as to future
trends, plans, events or results of Company operations and policies
and regarding general economic conditions. In some cases,
forward-looking statements can be identified by use of words such
as "may," "will," "anticipates," "believes," "expects," "plans,"
"estimates," "potential," "continue," "should," and similar words
or phrases. These statements are based upon current and anticipated
economic conditions, nationally and in the Company's market,
interest rates and interest rate policy, competitive factors, and
other conditions which by their nature, are not susceptible to
accurate forecast and are subject to significant uncertainty.
Because of these uncertainties and the assumptions on which this
discussion and the forward-looking statements are based, actual
future operations and results in the future may differ materially
from those indicated herein. For details on factors that could
affect these expectations, see the risk factors and other
cautionary language included in the Company's Annual Report on Form
10-K for the year ended December 31, 2009 and in other periodic and
current reports filed with the SEC. Readers are cautioned
against placing undue reliance on any such forward-looking
statements. The Company's past results are not necessarily
indicative of future performance.
www.eaglebankcorp.com
CONTACT: EagleBank
Ronald D. Paul
301.986.1800
Eagle Bancorp (NASDAQ:EGBN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Eagle Bancorp (NASDAQ:EGBN)
Historical Stock Chart
From Jul 2023 to Jul 2024