Eagle Bancorp 8-K 2015
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 2, 2015
Eagle Bancorp, Inc.
(Exact name of registrant as specified in its charter)
7830 Old Georgetown Road, Third Floor, Bethesda, Maryland 20814
(Address of Principal Executive Offices) (Zip Code)
Registrants telephone number, including area code: 301.986.1800
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On November 2, 2015, Eagle Bancorp, Inc. (the Company), redeemed all of the 56,600 shares of the Companys Senior Non-Cumulative Perpetual Preferred Stock, Series B, liquidation amount $1,000 per share (the Series B Preferred Stock) that had been issued to the United States Secretary of the Treasury (the Treasury) in July 2011 pursuant to the Small Business Lending Fund program (SBLF), and all of the 15,300 shares of the Companys Senior Non-Cumulative Perpetual Preferred Stock, Series C, liquidation amount $1,000 per share (Series C Preferred Stock), issued in October 2014 in connection with the Companys acquisition of Virginia Heritage Bank (VHB) in exchange for VHBs SBLF preferred stock originally issued to the Treasury in June 2011. The aggregate redemption price of the Series B Preferred Stock and Series C Preferred Stock was approximately $71.96 million, including dividends accrued but unpaid through, but not including the redemption date.
The Series B Preferred Stock and Series C Preferred Stock were redeemed from the Companys existing available funds. The redemption terminates the Companys participation in the SBLF program. After the redemption, the Companys capital ratios remain well in excess of those required for well capitalized status.
The Company issued a press release regarding the redemption, a copy of which is included as Exhibit 99.1 hereto.
Item 9.01 Financial Statement and Exhibits.
99.1 Press Release dated November 2, 2015
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: November 2, 2015