Malcolm S. Karl, CAE, to Head EagleBank's Non-Profit Banking Group

BETHESDA, Md., Oct. 6  /PRNewswire-FirstCall/ -- EagleBank (NASDAQ:EGBN) has hired Malcolm S. Karl, Certified Association Executive (CAE) as Vice President to lead the bank's efforts in building banking relationships with non-profit organizations and providing expanded services to them through EagleBank's Non-Profit Banking Group. This group is headquartered at the Bank's Washington, D.C. Regional Office at 1425 K Street, N.W.

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Mr. Karl has a wealth of experience in working with non-profits, having served the last 24 years as Senior Vice President and Chief Financial Officer of the American Society of Association Executives (ASAE)/The Center for Association Leadership until his retirement in July 2005. During his tenure at ASAE, Mr. Karl oversaw the increase of annual revenues from $5 million to $31 million. During the same period, Mr. Karl developed the Finance and Business Operations Section of the Association which grew to over 4,000 members.

Prior to working for ASAE, Mr. Karl was an Associate Director and Comptroller of the Federal Bar Association. Karl received his B.S. in Accounting from Strayer University, in Washington, DC.

"We are very fortunate to have a true professional like Malcolm Karl join our team as we endeavor to differentiate EagleBank as the financial institution which is truly qualified to serve non-profit organizations and their diverse needs," said Michael T. Flynn, President, EagleBank -- Washington. "His extensive and distinguished career with ASAE and The Center has endowed him with knowledge of the Greater Metropolitan D.C. non-profit community that will enable us to gain greater insight and exposure to this crucial element of the Washington economy."

Eagle Bancorp is the holding company for EagleBank, which commenced operations in 1998. The Bank conducts full service commercial banking through nine offices located in Washington, DC and Montgomery County, Maryland. EagleBank focuses on building relationships with businesses, professionals, and non-profit organizations in its marketplace.

CONTACT:  Michael T. Flynn

202-408-7299 

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DATASOURCE: EagleBank



CONTACT:  Michael T. Flynn of EagleBank, [phone]



Web site:  http://www.eaglebankmd.com/

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