EagleBank to ‘tighten up’ on top-end, luxury lending, expand into Prince George’s

Bethesda-based EagleBank (NASDAQ: EBGN) is pulling back — at least a little — on high-end luxury real estate lending in the Greater Washington area, bank executives told the Washington Business Journal in an interview. The move comes as the bank has seen its nonaccrual loans — loans that are past due by more than 90 days — inch up to about $40.2 million in the first quarter, the highest it has been since at least 2005, before falling slightly to $37.4 million in the second quarter, according to a review of Securities and Exchange Commission filings. In 2011 these nonaccrual loans rose to nearly $32.8 million.

source https://finance.yahoo.com/m/362bb4c6-41d3-3404-96eb-a57781f8ace4/eaglebank-to-%26%2339%3Btighten.html?.tsrc=rss

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