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Eagle Bancorp Plans to Commence Public Offering of $40 Million Common Stock
Thursday, September 10, 2009 8:53 AM


(Source: Datamonitor)trackingEagle Bancorp, the parent company of EagleBank, plans to commence a public offering of approximately $40 million of its common stock.

The shares will be issued pursuant to a prospectus supplement filed as part of an existing shelf registration statement filed with the Securities and Exchange Commission. The company expects to use the net proceeds from this offering for general corporate purposes, which may include, among other uses, support for organic growth and potential acquisitions, and repayment of debt.

Sandler O'Neill + Partners will serve as sole underwriter for the offering. The underwriter will have a 30-day option to purchase from the company up to an additional 15% of the offered amount of common stock to cover over-allotments.

A service of YellowBrix, Inc.



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