provides general commercial and consumer banking services, through its wholly owned banking subsidiary EagleBank (bank). The bank offers depository products, which include business and personal checking accounts, NOW accounts, savings and money market account, certificates of deposits, IRA program, and cash management checking account.
Its loan portfolio consists of commercial loans, real estate loans, and consumer loans.
Commercial loans for business purposes include working capital, equipment purchases, real estate, lines of credit, and government contract financing.
Its real estate loans include construction loan financing for business and investment purposes.
Consumer installment loans include automobile and personal loans, and personal lines of credit.
It also provides asset based lending and accounts receivable financing; lease financing for business equipment; and credit card services.
The bank also offers other services for business accounts, including cash management services, Internet banking, sweep accounts, repurchase agreements, lock box, and account reconciliation; credit card depository; safety deposit boxes; and automated clearing house origination.
It offers commercial and consumer banking services to sole proprietors, small and medium-sized businesses, partnerships, corporations, nonprofit organizations and associations, and investors, as well as individuals.
As of January 31, 2005, the bank operated five southern Montgomery County offices in Gaithersburg, Rockville, Bethesda, and Silver Spring, Maryland; and three offices in the District of Columbia.
The company was organized in 1997 and is headquartered in Bethesda, Maryland.
