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Bethesda’s EagleBank to eliminate key executive commercial banking position

August 1, 2023

Just days after Eagle Bancorp Inc. (NASDAQ: EBGN), the parent company of Bethesda’s EagleBank, unveiled a series of layoffs and cost-cutting measures, it announced Tony Marquez, one of its top executives, is also being terminated after a 12-year run at the bank. Marquez, Eagle’s senior executive vice president and president of commercial banking, was notified Monday that he was being terminated “without cause,” effective Aug. 31, “due to a position elimination,” the company said in a Securities and Exchange Commission filing Monday afternoon. Eagle said it would not replace Marquez or refill his position.

Article Source: Washington Business Journal

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