Eagle Bancorp Inc.

• Public
• US

Dow Jones Description

Eagle Bancorp ("Eagle" or "the Company"), a federally chartered stock holding company holds 100% of the Stock of American Federal Savings Bank ("American Federal" or "the Bank"). Its charter was approved on April 4, 2000, when it became the mid-tier stock holding company for the Bank, a federally chartered stock savings bank headquartered in Helena, Montana. Eagle Bancorp's principal business is to hold the capital stock of American Federal. Upon the reorganization and conversion to stock form of American Federal Savings Bank, Eagle Bancorp issued 575,079 shares of its common stock, par value $.01 per share (the "Common Stock") to the public at a price of $8 per share. This represents approximately 47% of the issued and outstanding shares of the Common Stock. The remaining 648,493 shares of the Common Stock are held by Eagle Financial MHC, Eagle Bancorp's mutual holding company. American Federal was founded in 1922 as a Montana chartered building and loan association and has conducted operations in Helena since that time. In 1975, the Bank adopted a federal thrift charter. We currently have four full service offices and one satellite branch. We also have five automated teller machines located in our market area and we participate in the CashCard ATM network. The bank's website can be found at www.americanfederalsavingsbank.com.

Contact Information

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