Eagle Bancorp, Inc. Announces the Election of Matthew D. Brockwell to the Board of Directors
October 23 2019 - 3:25PM
Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), today announced
that Matthew D. Brockwell has been elected as member of the
Company’s Board of Directors and the Board of Directors of
EagleBank, its primary subsidiary, effective November 1, 2019. Mr.
Brockwell is a retired former PricewaterhouseCoopers LLP (PwC)
Audit Partner, who previously held various positions in PwC’s
Washington, DC Region Financial Services Practice.
Norman R. Pozez, Chairman of the Board stated,
“We are pleased to welcome Matt Brockwell to the Board of
Directors. He brings an added dimension to the Board due to his
extensive public accounting experience, over 35 years, of working
with SEC registered and private companies in the financial services
sector. Matt also has unique expertise in working with banking
regulators, having served as an advisor to the Federal Reserve
Board of Governors. With over 20 years as an advisor to firms in
the Washington, DC area, Matt shares in our commitment as a
community bank to serving the financial needs of the region. The
Board seeks to meet the highest standards of corporate governance
and the skills and experience that Matt brings will enhance our
ability to provide oversight and strategic guidance for the
continued successful growth of EagleBank.”
"I am honored to have been selected as an
EagleBank Board Member," said Matthew D. Brockwell. "I
believe that my 35-plus years as a leader in the financial services
industry along with my hands-on experience with audit committees,
corporate governance, asset valuations and regulatory relations
will serve to complement EagleBank's already deep bench of Board
experts. In joining the Board, I look forward to helping sustain
and advance the Bank's commitment to best practices in all areas,"
Mr. Brockwell added.
"We are delighted to welcome Matt Brockwell to
EagleBank," said Susan Riel, President and CEO of Eagle Bancorp,
Inc. and EagleBank. "Matt's distinguished and long-time experience
as a PwC Audit Partner as well as his broad-gauge industry
knowledge align perfectly with the Board's focus on corporate
governance, risk management, financial reporting and internal
controls," Ms. Riel added.
About Eagle Bancorp: The
Company is the holding company for EagleBank, which commenced
operations in 1998. The Bank is headquartered in Bethesda,
Maryland, and operates through twenty branch offices, located in
Suburban Maryland, Washington, D.C. and Northern Virginia. The
Company focuses on building relationships with businesses,
professionals and individuals in its marketplace.
Forward-looking
Statements: This press release contains
forward-looking statements within the meaning of the Securities
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, 2018 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.
EAGLE BANCORP,
INC. CONTACT:Vikki Kayne;
301.986.1800
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