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EAGLE BANCORP, INC. ANNOUNCES SPECIAL DIVIDEND AND INCREASE IN REGULAR QUARTERLY DIVIDEND

 CHARLESTON, W.Va., Jan. 19 /PRNewswire/ -- Eagle Bancorp, Inc. (NASDAQ-NMS: EBCI), the parent company of First Empire Federal Savings and Loan Association, announced that the Board of Directors declared a special dividend of 50 cents per share on Jan. 19, 1993 and an increase in the regular quarterly dividend to 20 cents per share. These dividends will be paid Feb. 12, 1993 to stockholders of record on Jan. 29, 1993.
 Although final earnings for 1992 will not be announced until February, the Company previously reported record earnings for the first three quarters of 1992.
 It is the Company's intention to continue to emphasize regular quarterly dividends and to determine the appropriateness of special dividends based upon the Company's relative performance in the future.
 J. Christopher Thomas, President and Chief Operating Officer, stated: "We are extremely pleased to announced this special dividend and the increase of over 17 percent in the regular quarterly dividend. The past year has been one of record earnings and loan originations. The Board of Directors and management believe strongly in improving the stockholder value and investment returns. Our banner year in earnings and lending volume has provided us with the opportunity to enhance stockholder return through increased dividend yield."
 First Empire Federal Savings and Loan Association operates eleven branch offices in West Virginia. Eagle Bancorp, Inc. is traded on the NASDAQ National Market System under the symbol EBCI.
 -0- 1/19/93
 /CONTACT: J. Christopher Thomas, President and Chief Operating Officer, or A. Lawrence Crimmins, Jr., Chief Financial Officer- Treasurer, Eagle Bancorp, Inc., 304-340-4632/
 (EBCI)


CO: Eagle Bancorp, Inc. ST: West Virginia IN: FIN SU: DIV

MM -- CH005 -- 6471 01/19/93 15:04 EST
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Publication:PR Newswire
Date:Jan 19, 1993
Words:279
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