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Eagle Bancorp (EGBN) in Bethesda, Md., has agreed to buy Virginia Heritage Bank (VGBK) in Tysons Corner, Va.
June 9 -
Eagle Bancorp in Bethesda, Md., is looking to raise funds to exit the Small Business Lending Fund.
March 2 -
MainStreet Bank in Fairfax, Va., has raised nearly $13 million by issuing common stock.
December 29
Eagle Bancorp in Bethesda, Md., has sold its indirect auto loan portfolio to MainStreet Bank in Fairfax, Va.
The $5.8 billion-asset Eagle inherited the $83.4 million portfolio from its acquisition of Virginia Heritage Bank last year.
Eagle said the portfolio was not a strategic fit and it will use the proceeds of the sale to make commercial real estate and business loans, improve its yield on earning assets and reduce operating expenses.
The $376 million-asset MainStreet raised $13 million in stock offering in December.
