EagleBank to Relocate Corporate Headquarters to 7500 Old Georgetown Road in Downtown Bethesda, Maryland
EagleBank announced the relocation of its headquarters to 7500 Old Georgetown Road in downtown Bethesda, Maryland, scheduled for late 2025. The move will consolidate current offices in Bethesda and Rockville, creating a collaborative environment. The relocation aligns with Bethesda's growing office market, which has attracted $819.38 million in venture capital and private equity investments and received over $38B in total investments across all industries since 2019. The bank will maintain its presence in Virginia, DC, and other Maryland locations.
EagleBank ha annunciato il trasferimento della sua sede centrale a 7500 Old Georgetown Road nel centro di Bethesda, Maryland, previsto per la fine del 2025. Questa mossa consoliderà gli attuali uffici a Bethesda e Rockville, creando un ambiente collaborativo. Il trasferimento è in linea con la crescente domanda di uffici a Bethesda, che ha attirato investimenti di capitale di rischio e private equity per un totale di 819,38 milioni di dollari, ricevendo oltre 38 miliardi di dollari in investimenti totali in tutti i settori dal 2019. La banca manterrà la sua presenza in Virginia, DC e in altre località del Maryland.
EagleBank anunció el traslado de su sede central a 7500 Old Georgetown Road en el centro de Bethesda, Maryland, programado para finales de 2025. Este movimiento consolidará las oficinas actuales en Bethesda y Rockville, creando un entorno colaborativo. La reubicación se alinea con el creciente mercado de oficinas de Bethesda, que ha atraído 819.38 millones de dólares en inversiones de capital de riesgo y capital privado y ha recibido más de 38 mil millones de dólares en inversiones totales en todas las industrias desde 2019. El banco mantendrá su presencia en Virginia, DC y otras ubicaciones en Maryland.
EagleBank는 메릴랜드주 베서다 시내 7500 Old Georgetown Road로 본사를 이전한다고 발표했으며, 이사는 2025년 말로 예정되어 있습니다. 이사는 현재 베서다와 록빌에 있는 사무소를 통합하여 협력적 환경을 조성할 것입니다. 이전은 베서다가 성장하는 사무실 시장과 일치하며, 이 시장은 2019년 이후 벤처 자본 및 사모 투자에서 8억 1,938만 달러를 유치하고 모든 산업에서 총 380억 달러 이상의 투자를 받았습니다. 은행은 버지니아, DC 및 메릴랜드의 다른 장소에도 계속 존재할 것입니다.
EagleBank a annoncé le déménagement de son siège social au 7500 Old Georgetown Road dans le centre de Bethesda, Maryland, prévu pour la fin de 2025. Ce déménagement regroupera les bureaux actuels de Bethesda et de Rockville, créant un environnement collaboratif. Le déménagement est en phase avec le marché immobilier de bureaux en plein essor de Bethesda, qui a attiré 819,38 millions de dollars en investissements en capital-risque et en capital-investissement, et a reçu plus de 38 milliards de dollars en investissements totaux dans tous les secteurs depuis 2019. La banque maintiendra sa présence en Virginie, à DC et dans d'autres localités du Maryland.
EagleBank hat die Verlegung seines Hauptsitzes in die 7500 Old Georgetown Road im Zentrum von Bethesda, Maryland angekündigt, die für Ende 2025 geplant ist. Der Umzug wird die aktuellen Büros in Bethesda und Rockville konsolidieren und ein kollaboratives Umfeld schaffen. Die Verlagerung steht im Einklang mit dem wachsenden Büromarkt von Bethesda, der seit 2019 819,38 Millionen Dollar an Wagniskapital- und Private-Equity-Investitionen angezogen hat und insgesamt über 38 Milliarden Dollar in alle Branchen erhalten hat. Die Bank wird ihre Präsenz in Virginia, DC und anderen Standorten in Maryland aufrechterhalten.
- Strategic consolidation of offices to improve operational efficiency
- Joining a growing business hub with significant investment activity ($38B+ since 2019)
- Maintaining geographical presence across multiple locations
- None.
Insights
The headquarters relocation represents a strategic operational consolidation but has minimal direct financial impact. While the move to downtown Bethesda aligns EagleBank (EGBN) with other major corporations like Marriott and positions it in a growing business hub with
The consolidation of Bethesda and Rockville offices should generate some cost synergies, though relocation expenses will offset near-term savings. The move reflects broader industry trends of banks optimizing their real estate footprint and investing in modern workspaces to attract talent. The retention of offices across DC, Virginia and Maryland indicates this is a headquarters optimization rather than a broader operational restructuring.
Bethesda, MD, Nov. 14, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE
November 14, 2024
EagleBank Contact
Vikki Kayne
Chief Marketing Officer
301.986.1800
EagleBank to Relocate Corporate Headquarters to 7500 Old Georgetown Road in Downtown Bethesda, Maryland
BETHESDA, MD. EagleBank, one of the largest community banks serving the Washington D.C. area, today announced the relocation of its headquarters to 7500 Old Georgetown Road in downtown Bethesda, scheduled for late 2025. The strategic move to a modern, high-quality space, owned by In-Rel Properties, will allow EagleBank to consolidate current offices in Bethesda and Rockville, Maryland, creating a collaborative environment that reflects its growth and ambition.
“We are excited to establish a new headquarters that strengthens our connection to the community we proudly serve,” said Susan Riel, President and CEO of EagleBank. “This move is more than just a relocation – it is an investment in our commitment to Maryland. As we continue to grow, our Relationships First approach will empower our teams to work together in ways that directly benefit our customers and neighbors. Our new space will be the foundation for the collaborative, community-centered growth that defines EagleBank’s future.”
“Our state-of-the-art building at 7500 Old Georgetown Road provides the ideal environment for our tenants to achieve their strategic goals in a space designed to foster collaboration,” said Jackson Siegal, Principal of In-Rel Properties. “We are delighted to welcome EagleBank as it continues investing in the local community, driving growth in the very market it serves.”
EagleBank’s move coincides with other prominent local organizations moving their headquarters to downtown Bethesda, including Marriott and JBG SMITH. As companies increasingly recognize the connection between high-quality and high-performing workplaces, downtown Bethesda has seen a boom in its office market:
- Holds
$819.38 million in both venture capital and private equity investments (Companies headquartered in Bethesda only, Pitchbook, 2024) - Received more than
$38B in total investments for all industries since 2019
“We are thrilled that EagleBank will make downtown Bethesda its corporate headquarters, and that its employees will take advantage of the many wonderful amenities our downtown has to offer,” said Jeff Burton, Executive Director of Bethesda Urban Partnership. “EagleBank’s support of the local business and residential community is part of what makes Bethesda a great place to live, work and visit, and will continue to contribute to the growth of our downtown.”
"EagleBank has been an integral part of our community in Montgomery County for over 25 years," said Bill Tompkins, President and CEO of the Montgomery County Economic Development Corporation (MCEDC). “Their commitment and investment have played a transformative role in shaping our region, and we look forward to their continued partnership in creating a positive impact in Montgomery County and beyond for years to come.”
The Bank will continue to house offices and branches in Virginia, DC, and other areas of Maryland, including Silver Spring and Prince George’s County.
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About 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 more than a dozen offices, located in Suburban, Maryland, Washington, D.C. and Northern Virginia. EagleBank focuses on building relationships with businesses, professionals and individuals in its marketplace.
FAQ
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