BETHESDA, Md., May 06, 2019 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc., (NASDAQ: EGBN), the parent company of EagleBank, today announced that interim President and Chief Executive Officer Susan G. Riel has been appointed permanent President and Chief Executive Officer of Eagle Bancorp and EagleBank.

"After thoughtful evaluation and consideration, the Board of Directors determined that there is no better qualified individual to serve as Eagle’s President & CEO," stated Chairman of the Board, Norman R. Pozez. “The Board and I are confident that Susan is the right person to continue to drive Eagle’s growth strategies and enhance shareholder value. She is a seasoned leader with significant experience, deep industry knowledge and record of success – all critical factors for selecting Susan as Eagle’s next leader. We are looking forward to her continued tenure," commented Mr. Pozez.

Ms. Riel has over 35 years of banking experience and joined EagleBank during its organization. She assumed the responsibility of Chief Operating Officer in 2006, and joined the Company’s Board of Directors in 2017 and the Bank’s Board in 2018. “I am honored to permanently assume the President & CEO role … our future could not be brighter," noted Ms. Riel.

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 20 offices, located in Suburban, Maryland, Washington, D.C. and Northern Virginia. EagleBank focuses on building relationships with businesses, professionals and individuals in its marketplace.