Eagle Insurance Services, LLC has Entered into an Insurance Referral Agreement With The Meltzer Group
August 16 2010 - 1:00AM
EagleBank announced today that Eagle Insurance Services, LLC
("Eagle Insurance Services"), the Bank's wholly-owned subsidiary,
entered into a Program and Referral Agreement (the "Program
Agreement") with The Meltzer Group, a well-respected, full service
local insurance agency. This relationship will enhance the scope of
financial services the Bank can provide to its customers.
The Program Agreement provides for the marketing of insurance
products and services to EagleBank's business, personal and
professional customers. This program will focus on all major
lines of insurance such as life, group benefits, property and
casualty, and liability insurance, affording EagleBank's customers
with access to a comprehensive array of quality insurance products
and services. The Meltzer Group offers the experience,
knowledge, superior service, reputation and professionalism that
customers have grown to expect from
EagleBank.
"EagleBank is continuously looking for ways to further expand
the value of the financial services we provide our
customers. We're very excited about this new relationship with
The Meltzer Group, and know that we are able to offer our customers
access to best-in-class insurance advice, products and services,"
stated Ronald D. Paul, Chairman and Chief Executive Officer of
EagleBank. "The Meltzer Group's presence and track record of
first-class customer service and industry knowledge assures us that
our customers will receive a very competitively-priced selection of
insurance solutions."
ABOUT EAGLE BANCORP, INC. AND EAGLEBANK
Eagle Bancorp, Inc. is the holding company for EagleBank, which
commenced operations in 1998. The Bank is headquartered in
Bethesda, Maryland, and conducts full service banking services
through thirteen offices, located in Montgomery County, Maryland,
Washington, D.C. and Northern Virginia. The Company focuses on
building relationships with businesses, professionals and
individuals in its marketplace.
The Eagle Bancorp, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6101 The EagleBank
logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6102
Forward-looking Statements: This press release
contains forward-looking statements within the meaning of the
Securities and 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, 2009 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.
www.eaglebankcorp.com
CONTACT: Eagle Bancorp, Inc.
Michael T. Flynn
301.986.1800
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