Press release
EagleBank to Relocate Corporate Headquarters to 7500 Old Georgetown Road in Downtown Bethesda, Maryland
Bethesda, MD, Nov. 14, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASENovember 14, 2024 EagleBank ContactVikki KayneChief Marketing Officer301.986.1800
About this update from Eagle Bancorp, Inc.
[{"type":"text","content":"Bethesda, MD, Nov. 14, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASENovember 14, 2024 EagleBank ContactVikki KayneChief Marketing Officer301.986.1800 EagleBank to Relocate Corporate Headquarters to 7500 Old Georgetown Road in Downtown Bethesda, Maryland BETHESDA, MD. EagleBank, one of the largest community banks serving the Washington D.C. area, today announced the relocation of its headquarters to 7500 Old Georgetown Road in downtown Bethesda, scheduled for late 2025. The strategic move to a modern, high-quality space, owned by In-Rel Properties, will allow EagleBank to consolidate current offices in Bethesda and Rockville, Maryland, creating a collaborative environment that reflects its growth and ambition. “We are excited to establish a new headquarters that strengthens our connection to the community we proudly serve,” said Susan Riel, President and CEO of EagleBank. “This move is more than just a relocation – it is an investment in our commitment to Maryland. As we continue to grow, our Relationships First approach will empower our teams to work together in ways that directly benefit our customers and neighbors. Our new space will be the foundation for the collaborative, community-centered growth that defines EagleBank’s future.” “Our state-of-the-art building at 7500 Old Georgetown Road provides the ideal environment for our tenants to achieve their strategic goals in a space designed to foster collaboration,” said Jackson Siegal, Principal of In-Rel Properties. “We are delighted to welcome EagleBank as it continues investing in the local community, driving growth in the very market it serves.” EagleBank’s move coincides with other prominent local organizations moving their headquarters to downtown Bethesda, including Marriott and JBG SMITH. As companies increasingly recognize the connection between high-quality and high-performing workplaces, downtown Bethesda has seen a boom in its office market: Holds $819.38 million in both venture capital and private equity investments (Companies headquartered in Bethesda only, Pitchbook, 2024)Received more than $38B in total investments for all industries since 2019 “We are thrilled that EagleBank will make downtown Bethesda its corporate headquarters, and that its employees will take advantage of the many wonderful amenities our downtown has to offer,” said Jeff Burton, Executive D...