Eagle Bancorp, Inc. Files New Universal Shelf Registration Statement
August 06 2012 - 11:21AM
Eagle Bancorp, Inc. (the "Company') (Nasdaq:EGBN) announced today
that on August 3, 2012 it filed a universal shelf registration
statement on Form S-3 with the Securities and Exchange Commission
("SEC"). The shelf registration statement is subject to review by
the SEC. Once it becomes effective, the new shelf registration will
replace the Company's expiring shelf registration statement and
will permit the Company to offer and sell, from time to time, up to
$125 million of equity, debt or other types of securities described
in the shelf registration statement, or any combination thereof, in
one or more future public offerings. The Company's existing shelf
registration statement, which was filed with SEC on July 31, 2009,
permitted the Company to offer up to $100 million of securities
there under, and expires on August 7, 2012.
"The filing was made to continue to provide the Company with
financial flexibility and the ability to continue activity under
the 'at the market' equity offering previously announced," stated
Ronald D. Paul, Chairman and CEO. "Other than transactions under
that 'at the market' equity offering announced on May 1, 2012, we
have no current plans to sell securities under the new registration
statement. However it is prudent to maintain an up-to-date shelf
registration statement to ensure flexibility should the need
arise."
The new shelf registration statement has been filed with the SEC
but has not yet become effective. Under SEC rules, the Company
may continue to use the existing registration statement until the
new one becomes effective, or for six months, whichever is
sooner. This news release does not constitute an offer to sell
or the solicitation of an offer to buy, nor shall there be any sale
of these securities in any state in which such offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities law of any such state. If and when the Company
offers any securities under the new registration statement, the
Company will prepare and make available a prospectus supplement
that includes the specific terms of the securities being offered,
the use of proceeds and other terms of the offering.
This news release contains certain statements that may be deemed
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements that
address activities, events or developments that we intend, expect,
plan, project, believe or anticipate will or may occur in the
future are forward looking statements. Forward looking statements
are based on certain assumptions and assessments made by us in
light of our experience and perception of historical trends,
current conditions and expected future developments. Actual results
and the timing of events may differ materially from those
contemplated by the forward looking statements due to a number of
factors, including the factors described in the section entitled
"RISK FACTORS" in Item 1A of our most recently filed Annual Report
on Form 10-K.
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 sixteen 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.
www.eaglebankcorp.com
CONTACT: Michael T. Flynn
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