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Industry News

EagleBank Announces Formation of Title Company

February 21, 2005

BETHESDA, Md., /PRNewswire-FirstCall/ -- EagleBank (Nasdaq: EGBN), a $550 million community business bank headquartered in Bethesda, Maryland, announced the formation of Eagle Land Title Company, LLC, a full service title insurance agency offering a variety of commercial real estate settlement services, including title insurance products, to EagleBank customers and the public.

The formation of Eagle Land Title Company, LLC, a subsidiary of EagleBank, will enable the bank to provide a more efficient, fully coordinated management of the real estate transaction process.

"We are excited to offer real estate closing and settlement services, including title insurance, to our commercial customers," said Jan Williams, President of Eagle Land Title Company, LLC. "We are committed to providing the best in customer service possible. The title company will enable EagleBank to provide enhanced customer service through seamless loan transactions, with title and settlement products and services, provided by highly qualified legal professionals."

EagleBank commenced operations in July 1998 and currently has five offices in Maryland and three in Washington, D.C. EagleBank specializes in delivering full relationship banking services to the business and professional communities.

Source: EagleBank

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