Eagle in Maryland to Raise $55M

Community banking

Affluent Markets, Proximity to D.C. Aiding Maryland's Banks

Community banks in the Old Line State have benefitted from a strong economy, but higher regulatory costs, rate pressure and competition could force many to consider selling in coming months.

By Jackie Stewart

June 23
Community banking

Independent Bank in Texas to Raise $60M

Independent Bank in McKinney, Texas, is planning to raise capital by issuing debt.

By Kristin Broughton

July 15

Eagle Bancorp in Bethesda, Md., plans to raise $55 million by issuing subordinated debt.

The $3.9 billion-asset bank plans to use the proceeds to pay the cash portion of its planned merger with the $917 million-asset Virginia Heritage Bank, as well as for general corporate purposes.

Eagle agreed in June to buy Virginia Heritage, in Tysons Corner, Va., for $183 million in cash and stock. Eagle operates 19 offices throughout Maryland, Virginia and the District of Columbia, according to the Federal Deposit Insurance Corp.

Sander O'Neill + Partners is the sole manager for the offering.

Kristin Broughton

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