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EagleBank Enhances Corporate Governance with the Addition of Two Independent Directors

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Eagle Bancorp (NASDAQ: EGBN) announced the appointment of Ernie Jarvis and Steve Freidkin to its Board of Directors, effective January 1, 2021. This expansion will bring both boards to 10 directors, with eight being independent. Jarvis, founder of Jarvis Commercial Real Estate, adds extensive commercial real estate experience, while Freidkin, CEO of Ntiva Inc., contributes strong technology expertise. Their skills are expected to support EagleBank's growth and improve operational efficiency, enhancing the overall client experience.

Positive
  • Appointment of experienced directors strengthens Board oversight.
  • Jarvis's connections in D.C. real estate market may drive growth.
  • Freidkin's technology expertise will enhance operational efficiency.
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Ernie Jarvis and Steven Freidkin bring deep commercial real estate and technology expertise to Boards of Directors
Boards to expand to 10 directors, eight of whom will be independent

BETHESDA, Md., Nov. 19, 2020 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the bank holding company and parent company of EagleBank (the “Bank”), today announced the appointment of Ernie Jarvis and Steve Freidkin to its Board of Directors (the “Board”), as well as to the Board of Directors of EagleBank, both effective January 1, 2021. Following their appointments, each Board will consist of 10 directors, eight of whom will be independent.

Each director brings significant expertise in areas central to EagleBank’s business as well as strong leadership experience. Ernie Jarvis is founder and Managing Principal at Jarvis Commercial Real Estate, a commercial real estate brokerage company, and Steve Freidkin is the CEO and founder of Ntiva Inc., a full-service technology firm that provides businesses with advanced technology expertise and support.

“We are pleased to welcome Ernie and Steve to our Boards,” said Norman Pozez, Executive Chairman of Eagle Bancorp. “Ernie and Steve bring unique skills and experiences that will contribute to our growth initiatives and support robust oversight. Ernie’s extensive knowledge of, and relationships within, the Washington, D.C. commercial real estate market will prove to be a valuable resource as we continue to grow in the space. Likewise, Steve’s information technology expertise will support oversight of our continued efficiency improvements across our business as well as an enhanced digital experience for our clients.”  

Ernie Jarvis

Ernest (“Ernie”) Drew Jarvis is the Managing Principal of Jarvis Commercial Real Estate, a commercial real estate brokerage company he launched in 2016. Previously, Jarvis was a Senior Vice President & D.C. Leader at First Potomac Realty Trust in Washington, D.C. Prior to that, Ernie led CBRE’s D.C. office, one of the largest U.S. offices across the CBRE platform.

A lifelong resident of Washington, D.C., Mr. Jarvis has taken an active role in the business community and has served in leadership positions in several prominent organizations, including the Greater Washington Board of Trade, where he serves on the board, and the District of Columbia Building Industry Association (DCBIA), where he served as President.

Mr. Jarvis is a graduate of Southeastern University.

Steven Freidkin

Steven (“Steve”) Freidkin is the CEO and founder of Ntiva, Inc., a full-service technology firm that provides businesses with advanced technology expertise and support, including managed IT services, strategic consulting, cloud services, cyber security, and telecom solutions. Since its founding in 2004, Ntiva's primary offices have been in McLean, VA with additional locations added in Washington, DC, Columbia, MD, Chicago, IL, New York, South Florida, West Virginia, and Southern California as the company expanded.

Mr. Freidkin’s current focus is working with Ntiva clients to align their organizational initiatives and growth efforts with technology, developing strategic growth plans for Ntiva, identifying opportunities for business development, and creating an environment for top technical talent to develop.

Mr. Freidkin attended the Smith School of Business at the University of Maryland.

EagleBank Contact
Vikki Kayne,
Chief Marketing Officer
301.986.1800

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/871c0d3c-d62b-4e4e-9fe2-fd6d4dadf251

https://www.globenewswire.com/NewsRoom/AttachmentNg/938c5a6e-6f67-419f-9658-6ff6e6e045ab


FAQ

Who are the new directors appointed to Eagle Bancorp's board?

Ernie Jarvis and Steve Freidkin have been appointed to Eagle Bancorp's board.

When will the new directors start their roles at Eagle Bancorp?

The new directors will start on January 1, 2021.

What is the significance of the Board expansion at Eagle Bancorp?

The Board will expand to 10 directors, with eight being independent, enhancing governance.

What experience do the new directors bring to Eagle Bancorp?

Jarvis brings commercial real estate expertise, while Freidkin offers technology management experience.

What is Eagle Bancorp's stock symbol?

The stock symbol for Eagle Bancorp is EGBN.

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