Eagle Bancorp Inc., the Bethesda-based parent of EagleBank, has named Susan Riel its new president and CEO less than two months after the sudden resignation of founder and CEO Ronald Paul.
Riel, who has been with the regional banking company for two decades, was appointed interim CEO and president after Paul stepped down in late March for health reasons.
“After thoughtful evaluation and consideration, the Board of Directors determined that there is no better qualified individual to serve as Eagle’s President & CEO,” Eagle Bancorp board chairman Norman R. Pozez said in a statement. “The Board and I are confident that Susan is the right person to continue to drive Eagle’s growth strategies and enhance shareholder value.
Riel has been in banking for 42 years, according to filings with federal regulators. She was an as executive vice president of Columbia First Bank before that company was acquired by First Union Bancorp in 1995.
“I am honored to permanently assume the President & CEO role … our future could not be brighter,” Riel said in a statement.
Eagle Bancorp is the holding company for EagleBank, which has 20 commercial banking offices in the Washington region.
The company reported total assets of $8.4 billion through April 2019, according to filings with federal regulators.
The are 13 Eagle Bancorp properties in the county, including six EagleBank locations.
