GlobeNewswire Inc | Jul 28, 2020 06:00AM EDT

July 28, 2020

BETHESDA, Md., July 28, 2020 (GLOBE NEWSWIRE) -- EagleBank, one of the Washington regions largest community banks focused on a broad range of commercial banking services for small-to-mid-size businesses, today announced that Ryan Riel, a long-time executive with the Bank, has been named Executive Vice President and Chief Real Estate Lending Officer.

Ryans distinguished service and contributions to EagleBanks business community-building mission and competitive lending platform have made him an invaluable asset to the Bank, said Antonio (Tony) F. Marquez, EagleBanks Senior Executive Vice President and President of Commercial Banking. I know that Ryan will continue to lead, innovate and inspire our real estate lending teams as Chief Real Estate Lending Officer, Marquez added.

Riel has been working in the Commercial Real Estate Division of EagleBank since 2001. In his most recent role, Riel had oversight of the Banks CRE lending group in the Banks Bethesda headquarters. During his tenure at the Bank, Riel has served in a number of roles and has participated in the origination of several billion in real estate transactions across the metropolitan Washington region.

It is a privilege to assume the role of Chief Real Estate Lending Officer for EagleBank, said Riel. In my career at EagleBank, I have had the privilege to work with a very talented group of banking professionals whose knowledge and dedication has allowed us to forge extraordinary relationships throughout the community. I look forward to helping maintain EagleBanks status as the leading community bank in our Nations Capital, Riel added.

As Chief Real Estate Lending Officer, Riel will supervise more than 50 lending professionals and oversee a portfolio of more than $5 billion of commercial real estate loans. Riel will report directly to Tony Marquez, President of Commercial Banking for EagleBank.

About Eagle Bancorp, Inc. and EagleBankEagle Bancorp, Inc. is the holding company for EagleBank, which commenced operations in 1998. EagleBankis headquartered in Bethesda, Maryland, and conducts full service commercial banking through 20 offices, locatedin Suburban, Maryland, Washington, D.C. and Northern Virginia. EagleBank focuses on buildingrelationships with businesses, professionals and individuals in its marketplace.

EagleBank ContactVikki Kayne, Chief Marketing Officer 301.986.1800

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d89e5b3f-bbe7-419d-9564-e0caac426e14.