Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2022
Federal settlement over alleged insider lending and disclosures
EagleBank agreed to pay $22.9 million to the SEC and Federal Reserve to resolve claims involving alleged insider lending, third-party lending, and improper disclosures. Former CEO Ron Paul was permanently barred from the banking industry and fined approximately $521,000.
2019
Legal-fee disclosure involving Jack Evans relationship
EagleBank disclosed $2.7 million in legal fees related to the relationship between a former director and D.C. Council member Jack Evans. Ron Paul had previously been reported to have received a subpoena related to his relationship with Evans.
2011
Alleged influence over District banking legislation
EagleBank was reported as the source of legislation introduced by D.C. Council member Jack Evans that would have required city funds to be held at local banks.