Eagle Bancorp Hires Ces Escamilla as Senior Director of CRE Growth

Eagle Bancorp, Inc. (NASDAQ:EGBN) has appointed Ces Escamilla as 1st Senior Vice President and Senior Director of Commercial Real Estate Strategic Growth for its subsidiary, EagleBank. In this newly created position, Escamilla will lead efforts to design, launch, and scale new business lines and specialized financing options across the bank's commercial real estate platform. Shares of Eagle Bancorp traded up 2.70% at $28.19 following the announcement.

The executive move reflects EagleBank's focus on expanding its lending capabilities in the Washington, D.C. metropolitan region. Escamilla brings more than two decades of commercial real estate banking experience, having previously served as Senior Vice President for National Real Estate in the Mid-Atlantic Region at Truist Bank, where he also managed commercial real estate lending and deposit portfolios in the Greater Washington area.

Investors will watch how Escamilla's leadership impacts EagleBank's lending growth as the Bethesda, Maryland-based community bank seeks to broaden its commercial real estate solutions across its 12 office locations in Maryland, Washington, D.C., and Northern Virginia.