SEATTLE, June 13, 2024 /PRNewswire/ -- On August 16, 2022, the United States Securities and Exchange Commission (the "SEC") issued an order against Eagle Bancorp, Inc. ("Eagle") concerning material misstatements and omissions about related party loans that Eagle's principal subsidiary, EagleBank, extended to family trusts affiliated with Eagle's former Chairman, CEO, and President, Ronald D. Paul ("Paul"), and to other related parties. From March 2015, through April 2018, Eagle failed to disclose these loans in the annual reports and proxy statements that it filed with the SEC.