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EAGLE BANCORP, INC. ANNOUNCES REGULAR AND SPECIAL DIVIDEND

 EAGLE BANCORP, INC.
 ANNOUNCES REGULAR AND SPECIAL DIVIDEND
 CHARLESTON, W.Va. /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 20 cents per share on Jan. 21, 1992. The dividend will be paid Feb. 14, 1992 to stockholders of record on Jan. 21, 1992. This dividend is in addition to the regular quarterly dividend of 13 cents per share which was also declared and will be payable at the same time to eligible stockholders.
 This is the third special dividend the Company has declared since going public in July 1988. The special dividend increases the dividends paid for the year 1991 to 68 cents per share. Although the final earnings for 1991 have not been announced, the Board of Directors feels that this special dividend is warranted due to the strong financial performance in 1991.
 It is the Company's intention to continue to pay 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 announce our third special dividend in addition to the regular quarterly dividend. The Board of Directors and management feel strongly about improving value and return for our stockholders. Our strong capital position, earnings and record lending volume support these payments and provide an enhanced return to our stockholders."
 Eagle Bancorp is the unitary thrift holding company of First Empire, which is a federally chartered stock savings and loan association that conducts its business from its headquarters and main office in Charleston, West Virginia and ten branch offices located in Aracoma, Beckley, Charleston, Danville, Dunbar, Fayetteville, Logan, Man, Morgantown and Summersville, West Virginia. The common stock of Eagle Bancorp is traded on the NASDAQ National Market System under the symbol "EBCI."
 -0- 1/21/92
 /CONTACT: J. Christopher Thomas, President and Chief Operating Officer 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


JZ -- CHO19 -- 2108 01/21/92 17:20 EST
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Publication:PR Newswire
Date:Jan 21, 1992
Words:362
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