The company expects to close the sale of the shares of common stock on or about September 21, 2009, subject to customary closing conditions.

Sandler O'Neill + Partners is the sole underwriter for the offering. The underwriter will have a 30-day option to purchase up to an additional 878,040 shares of common stock from the company at the offering price to cover over-allotments, if any.

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.

Ronald Paul, chairman and CEO, said: "I am extremely pleased with the success of this offering which will broaden our shareholder base and will position EagleBank to take advantage of the opportunities for growth in our marketplace."

A service of YellowBrix, Inc.