EagleBank Welcomes New Board Members to Enhance Growth
New Additions to EagleBank Board of Directors
Eagle Bancorp, Inc. (NASDAQ: EGBN), the parent company of EagleBank, recently announced significant changes within its Board of Directors. The company has welcomed two accomplished professionals, Kris Pederson and Ted Wilm, as independent members of the Board. Both will take on their roles immediately and serve as at-large directors until specific committee assignments are decided later this fall. This strategic move expands the Board to a total of ten directors, with nine serving as independent members.
Kris Pederson’s Impressive Background
Kris Pederson brings a wealth of experience to EagleBank. Over her impressive career, she has led businesses and global strategy initiatives for renowned firms such as EY, IBM, and PricewaterhouseCoopers (PwC). Her extensive board experience includes positions with SOBR Safe (NASDAQ: SOBR), where she chairs the Nomination and Governance Committee. She also sits on the Audit Committee for the National Football League Alumni Association, making her a versatile addition to the board. Moreover, Pederson has previously contributed to the board of Great Western Bank and has a notable history with Harvard Business School Alumni.
Vision for the Future at EagleBank
Expressing her enthusiasm about joining EagleBank, Pederson stated, “EagleBank has had a tremendous impact on accelerating economic progress in the DC region, and this will only continue to grow. I’m excited to be a part of this accomplished team and to build on that momentum and position EagleBank for long-term success.” Her words highlight her commitment to fostering growth and innovation at the bank.
Ted Wilm’s Expertise in Financial Services
Ted Wilm is another exceptional addition to the Board. With a robust career spanning 38 years at PwC, he has provided vital services to many of the firm's leading asset management and financial services clients. Wilm has held key leadership roles, including managing partner of PwC's Irvine office and co-managing the firm’s operations in the Southwest. Recently, he served as the audit committee chair for California Bancorp until its merger with another bank.
Wilm conveyed his eagerness to contribute to EagleBank’s mission, noting, “I am looking forward to bringing my decades of experience in financial risk management and regulation to advancing strategic initiatives at EagleBank. Together, we’ll focus on building new opportunities, reinforcing the Bank’s strengths, and positioning EagleBank for long-term success.” His insights and expertise are expected to play a crucial role in guiding the bank’s future.
Leadership's Commitment to Growth
Susan Riel, CEO and Board Chair of EagleBank, expressed her excitement regarding the new appointments, saying, “Kris and Ted each bring a wealth of experience to the table, and we are thrilled to welcome them into the EagleBank family. We are continuing to make meaningful progress on executing our strategic plan, and I’m confident that these industry veterans with strong vision for our future will be instrumental to our long-term success.” Riel’s remarks exemplify the forward-thinking approach at EagleBank as they work to enhance their service and impact in the community.
About Eagle Bancorp, Inc. and EagleBank
Eagle Bancorp, Inc. is the parent company of EagleBank. Established in 1998 and headquartered in Bethesda, Maryland, EagleBank operates full-service commercial banking with a network of twelve offices across Suburban Maryland, Washington, D.C., and Northern Virginia. The bank is dedicated to fostering relationships with businesses, professionals, and individuals in its marketplace.
EagleBank Contact Information
For further inquiries, please contact Eric Newell, SEVP and Chief Financial Officer, at 301.986.1800.
Frequently Asked Questions
Who are the new board members of EagleBank?
The new board members are Kris Pederson and Ted Wilm.
What positions did Kris Pederson hold prior to joining EagleBank?
She has held management roles at EY, IBM, and PwC, among others.
How many directors are on the EagleBank Board now?
There are now ten directors on the EagleBank Board.
What is Ted Wilm's professional background?
He has a long career at PwC, primarily in financial services and risk management.
What is EagleBank's mission?
EagleBank focuses on building strong relationships within its community while offering comprehensive banking solutions.
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