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

 CHARLESTON, W.Va, Jan. 18 /PRNewswire/ -- Eagle Bancorp, Inc. (NASDAQ: EBCI), the parent company of First Empire Federal Savings and Loan Association, announced that the Board of Directors declared a special dividend of 45 cents per share on January 18, 1994 and an increase in the regular quarterly dividend to 14 cents per share. These dividends will be paid February 11, 1994 to stockholders of record on January 28, 1994.
 J. Christopher Thomas, President and Chief Operating Officer, stated: "We are extremely pleased to announce this record special dividend and the 17% increase in the regular quarterly dividend. Although our final 1993 earnings will not be announced until early February, we reported record earnings for the first three quarters of 1993. In addition, loan origination volume again set new records in
1993. Our strong performance has enabled us to fulfill our commitment to enhance shareholder value and provide increased return on our shareholders' investment."
 First Empire Federal Savings and Loan Association operates eleven branch offices and four lending offices in West Virginia. Eagle Bancorp, Inc. is traded on the NASDAQ National Market System under the symbol EBCI.
 -0- 1/18/94
 /CONTACT: J. Christopher Thomas, President and Chief Operating Officer, or A. Lawrence Crimmins, Jr., Chief Financial Officer and Treasurer, Eagle Bancorp, Inc., 304-340-4632/
 (EBCI)


CO: Eagle Bancorp, Inc.; First Empire Federal Savings and Loan
 Association ST: West Virginia IN: FIN SU: DIV


MB -- CH004 -- 2896 01/18/94 15:43 EST
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Publication:PR Newswire
Date:Jan 18, 1994
Words:242
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