Eagle Financial Bancorp, Inc. Announces Change of Bank’s Name
February 05 2021 - 9:00AM
Business Wire
Eagle Financial Bancorp, Inc. (the “Company”) (OTCQB:EFBI), the
holding company for Eagle Savings Bank, today announced that its
Board of Directors has received regulatory approval to change the
Bank’s legal name from Eagle Savings Bank to EAGLE.bank. Later this
year, the Company plans to register as a bank holding company with
the Federal Reserve Bank of Cincinnati in connection with
EAGLE.bank’s acceptance of the universal bank charter as provided
for under Ohio law.
Gary Koester, President and Chief Executive Officer of the
Company stated “We are excited to announce that during the second
quarter of 2021 we will transition over to EAGLE.bank from our
eaglesavings.com domain to provide an even more secure banking
experience. To maintain our technological leadership among
community banks and to meet the challenges of the future,
EAGLE.bank will continue to invest heavily in state-of-the-art
technology. Changing our domain name is another step toward
ensuring our customer’s security. The .BANK domain is an
industry-led cybersecurity initiative providing banks and our
customers with protection against fraud and preparing our platforms
for the digital movement. Only a bank can register for a .BANK
domain. This change will help to prevent phishing attacks against
our employees, customers and vendors by providing a visual
identification cue for our emails and website. Therefore, all
future communications from us will use EAGLE.bank. In the meantime,
website redirection and email forwarding will remain in place for
the foreseeable future.”
About EAGLE.bank
EAGLE.bank, an Ohio chartered bank headquartered in Cincinnati,
was originally chartered in 1882. At December 31, 2020 Eagle
Financial Bancorp, Inc., our holding company, had $160.4 million of
total assets, $128.4 million of total deposits and $29.0 million of
total stockholders’ equity We provide financial services primarily
to individuals, families, and businesses through our Bridgetown,
Delhi and Hyde Park branches located in Hamilton County. On
average, Eagle has been the 13th largest mortgage lender in
Hamilton County over the last 5 years and is a full service
commercial banking institution.
Forward-looking statements
This news release may contain certain forward-looking
statements, such as statements of the Company’s plans, objectives,
expectations, estimates and intentions. Forward-looking statements
may be identified by the use of words such as “expects,” “subject,”
“believe,” “will,” “intends,” “will be” or “would.” These
statements are subject to change based on various important factors
(some of which are beyond the Company’s control) and actual results
may differ materially. Accordingly, readers should not place undue
reliance on any forward-looking statements (which reflect
management’s analysis of factors only as of the date of which they
are given). These factors include general economic conditions,
trends in interest rates, the ability of our borrowers to repay
their loans, the ability of the Company to effectively manage its
growth, the results of regulatory examinations, and the effect of
the Coronavirus Disease 2019 (COVID-19) pandemic on our Company,
the communities where we have our branches, the state of Ohio and
the United States, including its effect on the economy and overall
financial stability. The effects of the COVID-19 pandemic may also
exacerbate the effects of the other factors listed herein. The
foregoing list of important factors is not exclusive.
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version on businesswire.com: https://www.businesswire.com/news/home/20210205005031/en/
Gary J. Koester President and CEO (513) 574-0700
gkoester@eaglesavings.com
Eagle Financial Bancorp (NASDAQ:EFBI)
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