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Violation Tracker Individual Record

Company: Eagle Bancorp, Inc.
Penalty: $13,350,493
Year: 2022
Date: August 16, 2022
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The Securities and Exchange Commission charged Eagle Bancorp, Inc. and its former chief executive officer with negligently making false and misleading statements about related party loans extended by the bank to the CEO's family trusts. Without admitting or denying the SEC's findings, Eagle agreed to cease and desist from future violations and to pay disgorgement of $2.6 million, prejudgment interest of $750,493, and a civil penalty of $10 million.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
Facility State: Maryland
Facility City: Bethesda
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.