BETHESDA, Md., May 16 /PRNewswire-FirstCall/ -- Eagle Bancorp, Inc. (NASDAQ:EGBN), the parent company of EagleBank, today announced the declaration of its quarterly cash dividend in the amount of $0.06 per share. The cash dividend will be payable on July 2, 2007 to shareholders of record on June 18, 2007.

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This dividend is the second dividend which is subject to reinvestment pursuant to the Company's new Dividend Reinvestment Plan. Shareholders who have not yet signed up to participate in the Dividend Reinvestment Plan and wish to have all or part of their dividend payable on July 2, 2007 reinvested in additional shares (at a discount of 5%), must enroll in the plan by the Date of Record on June 18, 2007. Enrollment forms may be obtained from Computershare Trust Company, N.A. at http://www.computershare.com, or by calling 877-282-1168.

Eagle Bancorp is the holding company for EagleBank which commenced operations in 1998. The Bank is headquartered in Bethesda, Maryland, and conducts full service commercial banking services through nine offices, located in Montgomery County, Maryland and Washington, D.C. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace. In July, the Company formed Eagle Commercial Ventures, LLC as a direct subsidiary to provide subordinate financing for the acquisition, development and construction of real estate projects, whose primary financing would be done by EagleBank.

    CONTACT:
    Ronald D. Paul
    301.986.1800

Source: Eagle Bancorp, Inc.