EGBN Eagle Bancorp Inc

On October 23, 2019, Eagle Bancorp, Inc. (the “Company”) announced that it had appointed Matthew D. Brockwell, a retired former PricewaterhouseCoopers LLP (“PwC”) Audit Partner, who held various positions in PwC’s Washington, DC Region Financial Services Practice, to the Board of Directors of the Company, effective November 1, 2019. Mr. Brockwell will also serve as a director of the Company’s wholly owned subsidiary, EagleBank (the “Bank”). Mr. Brockwell is expected to serve as a member of the Audit Committee (Vice Chair) and Risk Committee of the Company’s Board of Directors.

There are no arrangements or understandings between Mr. Brockwell and any other person pursuant to which he was selected as a director. Mr. Brockwell and his related persons from time to time may have banking transactions (potentially including loan and deposit transactions) with the Bank. Such transactions are, and will be, in the ordinary course of business, on substantially the same terms, including interest rates, maturities and collateral requirements, as those prevailing at the time for comparable transactions with non-affiliated persons and will not involve more than the normal risk of collectability or present other unfavorable features. Other than eligibility for fees (including grants of awards under the Company’s equity compensation plan) for service as a member of the Company and Bank Boards of Directors, as described in the Company’s proxy materials for the Annual Meeting of Shareholders held on May 16, 2019 (and as subject to periodic adjustment), Mr. Brockwell is not is a party to any material plan, contract or arrangement entered into or materially amended in connection with his appointment to the Board of Directors of the Company.