EagleBank Adds Experienced Commercial Real Estate Expert to the Board of Directors
EagleBank (NASDAQ: EGBN) has appointed Pete Mathews as an independent member of its Board of Directors, effective July 26, 2024. Mathews, a veteran Washington, DC banking executive and Maryland resident, brings four decades of experience in Commercial Real Estate (CRE) asset management to the role. He will serve on the Asset Quality Subcommittee of the Risk Committee, contributing to the bank's strategic growth initiatives.
Mathews is a retired Senior Vice President at M&T Bank, where he oversaw commercial and CRE credit officers during his 43-year tenure. His appointment expands EagleBank's Board to 10 directors, with eight being independent. The move is expected to strengthen EagleBank's position as a leader in the Washington, DC region's CRE industry.
EagleBank (NASDAQ: EGBN) ha nominato Pete Mathews come membro indipendente del proprio Consiglio di Amministrazione, con effetto dal 26 luglio 2024. Mathews, un veterano dell'industria bancaria di Washington, DC e residente nel Maryland, porta con sé quattro decenni di esperienza nella gestione degli asset immobiliari commerciali (CRE) per ricoprire questo ruolo. Farà parte del Sottocomitato per la Qualità degli Asset del Comitato per il Rischio, contribuendo alle iniziative di crescita strategica della banca.
Mathews è un Vicepresidente Senior in pensione presso M&T Bank, dove ha supervisionato i funzionari del credito commerciale e del CRE durante la sua carriera di 43 anni. La sua nomina amplia il Consiglio di Amministrazione di EagleBank a 10 membri, di cui otto indipendenti. Questa mossa è destinata a rafforzare la posizione di EagleBank come leader nell'industria CRE della regione di Washington, DC.
EagleBank (NASDAQ: EGBN) ha nombrado a Pete Mathews como miembro independiente de su Junta Directiva, con efecto a partir del 26 de julio de 2024. Mathews, un veterano ejecutivo bancario de Washington, DC y residente de Maryland, aporta cuatro décadas de experiencia en la gestión de activos de Bienes Raíces Comerciales (CRE) para el cargo. Se desempeñará en el Subcomité de Calidad de Activos del Comité de Riesgos, contribuyendo a las iniciativas estratégicas de crecimiento del banco.
Mathews es un Vicepresidente Senior retirado de M&T Bank, donde supervisó a los oficiales de crédito comercial y de CRE durante su carrera de 43 años. Su nombramiento amplía la Junta de EagleBank a 10 directores, de los cuales ocho son independientes. Se espera que este movimiento fortalezca la posición de EagleBank como líder en la industria CRE de la región de Washington, DC.
이글뱅크 (NASDAQ: EGBN)는 2024년 7월 26일부터 피트 매튜스를 독립 이사로 임명했습니다. 매튜스는 워싱턴 D.C.의 은행 업계에서 오랜 경력을 가진 거주자로, 상업용 부동산(CRE) 자산 관리 분야에서 40년 이상의 경험을 갖고 있습니다. 그는 리스크 위원회의 자산 품질 하위 위원회에서 활동하며 은행의 전략적 성장 이니셔티브에 기여할 것입니다.
매튜스는 M&T 뱅크의 은퇴한 수석 부사장으로, 43년 동안 상업용 및 CRE 신용 담당자를 감독했습니다. 그의 임명으로 이글뱅크의 이사회는 10명의 이사로 확대되며, 이 중 8명이 독립 이사입니다. 이 결정은 워싱턴 D.C. 지역의 CRE 산업에서 이글뱅크의 위치를 강화할 것으로 기대됩니다.
EagleBank (NASDAQ: EGBN) a nommé Pete Mathews en tant que membre indépendant de son conseil d'administration, avec effet au 26 juillet 2024. Mathews, un vétéran du secteur bancaire de Washington, DC et résident du Maryland, apporte quatre décennies d'expérience dans la gestion d'actifs immobiliers commerciaux (CRE) à ce rôle. Il siègera au Sous-comité de la qualité des actifs du Comité des risques, contribuant aux initiatives de croissance stratégique de la banque.
Mathews est un vice-président senior à la retraite chez M&T Bank, où il a supervisé les agents de crédit commercial et CRE pendant ses 43 années de service. Sa nomination élargit le conseil d'administration d'EagleBank à 10 directeurs, dont huit sont indépendants. Ce mouvement devrait renforcer la position d'EagleBank en tant que leader dans l'industrie CRE de la région de Washington, DC.
EagleBank (NASDAQ: EGBN) hat Pete Mathews mit Wirkung zum 26. Juli 2024 als unabhängiges Mitglied in seinen Vorstand berufen. Mathews, ein erfahrener Bankmanager aus Washington, DC und Einwohner von Maryland, bringt vier Jahrzehnte Erfahrung im Management von Immobilienvermögen (CRE) in diese Rolle ein. Er wird im Ausschuss für Risiko in der Unterkommission für Anlagenqualität tätig sein und zur strategischen Wachstumsinitiative der Bank beitragen.
Mathews ist ein pensionierter Senior Vice President von M&T Bank, wo er während seiner 43-jährigen Laufbahn die gewerblichen und CRE-Kreditverantwortlichen überwachte. Seine Ernennung erweitert den Vorstand von EagleBank auf 10 Direktoren, von denen acht unabhängig sind. Diese Maßnahme soll die Position von EagleBank als führendes Unternehmen in der CRE-Branche der Region Washington, DC stärken.
- Addition of experienced CRE expert to the Board of Directors
- Expansion of the Board to 10 directors, with 8 being independent
- Strengthening of asset quality management expertise
- None.
Veteran Washington, DC Banking Executive and Maryland resident Louis P. “Pete” Mathews Jr. brings extensive asset management and Commercial Real Estate experience to EagleBank
BETHESDA, Md., July 30, 2024 (GLOBE NEWSWIRE) -- EagleBank (NASDAQ: EGBN), one of the largest community banks in the Washington, D.C. area, today announced the appointment of Pete Mathews as an independent member of its Board of Directors (the “Board”) and to the Board of Directors of Eagle Bancorp, Inc., its holding company, effective July 26, 2024. Mathews will serve as a member of the Asset Quality Subcommittee of the Risk Committee of the Board, leveraging his four decades of experience servicing the Commercial Real Estate (CRE) industry. Following his appointment, the Board will consist of 10 directors, eight of whom will be independent.
“Pete’s experience in CRE asset management is a great addition to the Board as we drive sustained growth for EagleBank,” said Norman Pozez, Executive Chairman of the Board. “We look forward to drawing on his leadership and experience in managing asset quality as the Board continues its oversight role.”
Mr. Mathews is a retired Senior Vice President at M&T Bank, where, over the course of his 43 years he served in several senior management roles, most recently overseeing the commercial and CRE credit officers.
“I am honored to be joining the EagleBank Board and help drive forward the Bank’s strategic priorities,” said Pete Mathews. “EagleBank stands as a leader in the region due to its industry leading capital and strength in Commercial Real Estate. I am eager to utilize my skills and experiences to support EagleBank as it continues to expand its business in the Washington, DC region and beyond.”
“As we continue to strengthen our team of personnel in all areas of the Bank, it is my pleasure to welcome Pete Mathews to our Board,” said Susan Riel, President and CEO of EagleBank. “In our 25-year franchise CRE has always been a foundation of EagleBank, and Pete’s impressive four-decade career in commercial real estate and commercial banking will support EagleBank in maintaining our position as a local leader in the industry. I am delighted to have Pete on our team.”
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Pete Mathews
Pete Mathews is a former Senior Executive Vice President at M&T Bank. At the time of his retirement in 2022, he was the Senior Deputy Credit Officer overseeing the Commercial Credit teams supporting the bank’s Commercial Lending and Commercial Real Estate segments. Before that, he was the Deputy Credit Officer in charge of the Commercial Real Estate Credit group. He began his career over 45 years ago at First National Bank of Maryland in the Retail Branch Management Program. Thereafter he maintained various Relationship Manager and Team Leader roles within commercial and commercial real estate lending. At the time that First National Bank of Maryland (or Allfirst Bank, as it later came to be known) merged with M&T Bank in 2003, Mr. Mathews was in charge of the Commercial Real Estate Division. He ran the Mid-Atlantic CRE unit for M&T until becoming the bank’s Senior Real Estate Credit Officer in 2005.
Mr. Matthews currently serves on the Board of Catholic Charities of Baltimore and chairs the Board of Healthy Neighborhoods, Inc. After over 20 years of service he will retire as Treasurer and former Board Governance Chair for Business Volunteers Maryland. Mr. Mathews obtained a Bachelor of Arts in American History from Princeton University.
About Eagle Bancorp, Inc. and EagleBank
Eagle Bancorp, Inc. is the holding company for EagleBank, which commenced operations in 1998. EagleBank is headquartered in Bethesda, Maryland, and conducts full service commercial banking through 12 offices, located in Suburban, Maryland, Washington, D.C. and Northern Virginia. EagleBank focuses on building relationships with businesses, professionals and individuals in its marketplace.
EagleBank Contact
Vikki Kayne
Chief Marketing Officer
301.986.1800
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