EagleBank in Bethesda, Md., priced a secondary offering of close to 2.5 million shares of common stock at $35.50 per share on Thursday.

The $5.2 billion-asset company expects to net $82.1 million, though in the event of an oversubscription the offering's underwriter, Sandler O'Neill + Partners, can exercise a purchase option that would net the bank close to $95 million.

EagleBank plans to use funds raised to pay for the redemption price of a $71.9 million liquidation of preferred stock, as well as general corporate use and support for corporate growth.

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