Eagle Bancorp, Inc. Announces Leadership Transition

Core Points - Susan G. Riel, the President and CEO of Eagle Bancorp, Inc., will retire in 2026, and the Board is conducting a search for her successor [1][2] - James A. Soltesz has been appointed as the independent Chair of the Board, and Louis P. Mathews Jr. as Vice Chair, effective immediately [2][3] - The Board expresses gratitude for Ms. Riel's leadership over the past seven years and emphasizes the importance of a seamless transition [3] Leadership Transition - The Board has engaged an executive search firm to assist in finding a successor for Ms. Riel [1] - Mr. Soltesz, who has been with the Board since 2007, aims to ensure the company's strategic direction remains focused on sustainable profitability and long-term growth during the transition [3][4] - Ms. Riel will continue to serve as a director while working with the Board to facilitate the transition [2][3] Background of New Leadership - James A. Soltesz has extensive experience in engineering and real estate development, having served as President and CEO of Soltesz, Inc. since 2001 [4][5] - Louis P. Mathews Jr. has over 45 years of experience in banking, previously serving as Senior Executive Vice President at M&T Bank [7][8] - Both new leaders bring significant industry experience and community involvement to their roles [5][9] Company Overview - Eagle Bancorp, Inc. is the holding company for EagleBank, which has been operational since 1998 and is headquartered in Bethesda, Maryland [10] - The bank operates through twelve banking offices and four lending offices in Suburban Maryland, Washington, D.C., and Northern Virginia [10] - The company focuses on building relationships with businesses and individuals while promoting a culture of respect and inclusion [10]