Eagle Bancorp Appoints Stephen Curley as New CEO, Details Compensation and Outgoing CEO Transition

summarizeSummary

Eagle Bancorp has appointed Stephen R. Curley as its new President and CEO, effective July 6, 2026, detailing his significant compensation package and the transition terms for outgoing CEO Susan Riel.

check_boxKey Events

• New CEO Appointed

  Stephen R. Curley will assume the role of President and Chief Executive Officer of Eagle Bancorp and EagleBank, effective July 6, 2026. He will also join the boards of directors.

• New CEO Compensation Package

  Mr. Curley's employment agreement includes an annual salary of $1,050,000, a target annual bonus of 100% of salary, a target long-term incentive opportunity of 150% of salary, a $250,000 sign-on bonus, and equity grants totaling $3,200,000 (initial and make-whole awards).

• Outgoing CEO Transition and Consulting

  Susan Riel will retire as CEO on July 5, 2026, and will provide consulting services for 12 months at a fee of $94,000 per month. Her 26,998 outstanding time-based restricted stock awards will accelerate and vest upon retirement.

• Strategic Leadership Background

  Mr. Curley previously served as Chief Banking Officer for National Business Lines at Western Alliance Bancorporation, bringing over 25 years of experience in commercial banking, deposit growth, capital allocation, and risk management.

auto_awesomeAnalysis

This filing announces the appointment of a new President and CEO, Stephen R. Curley, effective July 6, 2026, following the previously announced retirement of Susan Riel. This is a critical leadership change for the company, especially in the context of its recent net loss in 2025, subsequent return to profitability in Q1 2026, and an ongoing proxy contest. Mr. Curley's extensive experience from a larger banking institution and his substantial compensation package signal a strong commitment to a new strategic direction and a focus on improving performance and shareholder returns.