Eagle Bancorp arranges $35 million discretionary equity sales program

Sandler O'Neill is broker for offering to sell equity at market prices

By Devika Patel

Knoxville, Tenn., May 1 - Eagle Bancorp, Inc. negotiated a $35 million discretionary equity sales program with agent Sandler O'Neill + Partners, LP on April 30, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

Sales will be made through ordinary brokers' transactions on the Nasdaq Capital Market at market prices, at prices related to the prevailing market prices or at negotiated prices.

Eagle Bancorp is the Bethesda, Md., bank holding company for EagleBank, a commercial and consumer bank.

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