Eagle Bancorp in Bethesda, Md., has added a former Wells Fargo executive to its board as part of a broader overhaul.
The $8.4 billion-asset company said in a press release Monday that Theresa LaPlaca once oversaw Wells Fargo's conduct management office, which was created to resolve issues identified in the San Francisco company's sales and reporting practices.
LaPlaca was also the chief financial officer of Wells' wealth and investment management division.
LaPlaca will chair a risk committee that Eagle's board is forming.
Eagle also announced a number of other changes. As a result of the changes, the company and its bank will have the same number and composition of directors.
Lynn Hackney, Leslie Ludwig and Benjamin Soto, who are directors at EagleBank, were added to the company's board.
Eagle also disclosed that Dudley Dworken and Donald Rogers had resigned from its board. Rogers will continue to chair the EagleBank Foundation.
"We are also pleased to note that the new structure has improved the diversity of our board composition, which has been a goal for some time," Norman Pozez, Eagle's chairman, said in the release.
The moves come three months after Ronald Paul, Eagle's founding CEO,
