Eagle Bancorp terminates President of Commercial Banking Antonio F. Marquez effective Aug 31, 2023

EAGLE BANCORP INC

Antonio F. Marquez, SEVP & President of Commercial Banking, terminated without cause due to position elimination.
No successor will be named; severance includes one times base salary plus most recent cash bonus.
Healthcare continuation for up to 12 months at active employee rates; supplemental retirement benefits not reduced despite early cessation.
Payments conditioned on signing a release and complying with restrictive covenants.

item 5.02 item 9.01

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Departed

Antonio F. Marquez

Senior Executive Vice President and President of Commercial Banking

EGBN · EAGLE BANCORP INC

Effective: 2023-08-31
Filed: July 31, 2023, 7:59 PM ET

On Monday, July 31, 2023, Eagle Bancorp, Inc. (the "Company") notified Antonio F. Marquez, Senior Executive Vice President and President of Commercial Banking, that his employment will terminate without cause, effective August 31, 2023, due to a position elimination.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Antonio F. Marquez departed as Senior Executive Vice President and President of Commercial Banking at EAGLE BANCORP INC.

Action: terminated without cause
Role: Senior Executive Vice President and President of Commercial Banking

Exact text from the filing

On Monday, July 31, 2023, Eagle Bancorp, Inc. (the "Company") notified Antonio F. Marquez, Senior Executive Vice President and President of Commercial Banking, that his employment will terminate without cause, effective August 31, 2023, due to a position elimination.

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Source: SEC EDGAR

accession 0001050441-23-000121

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