EagleBank Provides $50 Million Loan to EB5 USA Immigration LLC to Promote Foreign Investment in Real Estate
Eagle Bancorp, Inc. (EGBN)
Last eagle bancorp, inc. earnings: 4/22 04:15 pm
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Source: GlobeNewswire
BETHESDA, Md., March 27, 2024 (GLOBE NEWSWIRE) -- EagleBank (NASDAQ: EGBN), one of the largest community banks in the Washington, D.C. area, today announced it has provided a $50,000,000.00 Guidance Line of Credit to EB5 USA Immigration LLC, an affiliate of EB5 Capital. This loan, which highlights EagleBank’s lending capacity in this specialized space, will supply pre-funding or bridging preferred equity in EB5 real estate projects. “At EagleBank, we take pride in our abilities in this unique sector of the market, quickly and efficiently processing foreign investor accounts that will better serve the economy and create new jobs,” said Lindsey Rheaume, Executive Vice President and Chief Lending Officer for Commercial and Industrial (C&I). “Through this new loan, we look forward to expanding EagleBank’s reach on a national scale as we develop new opportunities for our customers by further expanding our C&I portfolio.” The transaction was handled by Executive Vice President, Seni
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EGBN
Earnings
- 4/24/24 - Miss
EGBN
Sec Filings
- 4/24/24 - Form 8-K
- 4/3/24 - Form ARS
- 4/3/24 - Form DEFA14A
- EGBN's page on the SEC website