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

Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.