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Eagle Bancorp Inc.

06/30/2026 | Press release | Distributed by Public on 06/30/2026 14:02

Material Event (Form 8-K)

Item 8.01. Other Events.

On June 30, 2026, Eagle Bancorp, Inc. (the "Company") announced that its wholly owned subsidiary EagleBank (the "Bank") has reached a settlement of the previously disclosed investigation by the U.S. Attorney's Office for the Middle District of Pennsylvania into, among other things, the Bank's anti-money laundering controls and the Bank's relationship with a former customer who pleaded guilty to a charge of bank fraud in 2020.

The Company and the Bank have agreed to enter into a one-year non-prosecution agreement with the United States Department of Justice, Criminal Division, Money Laundering, Narcotics and Forfeiture Section and the U.S. Attorney's Office for the Middle District of Pennsylvania (the "Offices"), pursuant to which the Offices will not bring any criminal or civil case against the Company or the Bank for any conduct described in the statement of facts attached to the agreement, subject to the Company's and the Bank's compliance with the terms of the agreement. The Bank will pay approximately $9.8 million, which was fully accrued in the Company's audited financial statements for the year ended December 31, 2025.

Eagle Bancorp Inc. published this content on June 30, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on June 30, 2026 at 20:02 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]