Eagle Bancorp in Bethesda, Md., has issued $150 million in subordinated debt after increasing the amount it originally planned to sell.
The $6.1 billion-asset company said in a press release Friday that greater demand for its fixed-to-floating subordinated notes prompted the increase from $75 million. The notes will mature in August 2026.
Eagle said it plans to use the proceeds for general corporate purposes that include contributing capital for growth at its bank.
-
Eagle Bancorp in Bethesda, Md., has hired four bankers to a develop a business line making Federal Housing Administration-insured loans for multifamily rental properties.
January 11 -
Eagle Bancorp in Bethesda, Md., has redeemed all the shares it accumulated through the Small Business Lending Fund program.
November 2 -
Eagle Bancorp in Bethesda, Md., has added equipment leasing to its lineup of commercial banking products.
December 8
Sandler O'Neill was the book-running manager; Keefe, Bruyette & Woods was the co-manager.