Eagle Bancorp, Inc. (NASDAQ: EGBN) has announced the retirement of Chief Credit Officer Janice "Jan" Williams after 22 years of dedicated service. Williams' contributions have significantly driven the bank's strategic growth over the past two decades. To ensure a smooth transition, Kevin Geoghegan will be joining Eagle Bancorp as the new Chief Credit Officer on September 3, 2024.
Geoghegan brings with him a wealth of experience, having served as the Chief Credit Officer at First Midwest Bank, which merged into Old National Bank in 2022. His previous roles include credit risk leadership positions at PNC Financial Services Group and National City Bank.
Eagle Bancorp's President and CEO, Susan Riel, expressed gratitude for Williams' outstanding work and commitment, wishing her the best in her well-deserved retirement. Riel also welcomed Geoghegan, stating that his expertise and experience will be instrumental as the bank works on executing its strategic goals and positioning itself for continued growth.
It's evident that Eagle Bancorp is focused on strategic growth, as evidenced by these key changes in leadership. The appointment of Geoghegan signals the bank's commitment to maintaining its position as a leader in the market, leveraging his experience to optimize asset quality and proactively manage risk in pursuit of its strategic goals. The market has reacted to these announcements by moving the company's shares 2.0% to a price of $20.2. If you want to know more, read the company's complete 8-K report here.
