Management ChangeMay 12, 2026, 08:07 AM
Eagle Bancorp Appoints Stephen Curley as President & CEO
AI Summary
Eagle Bancorp, Inc. announced the appointment of Stephen R. Curley as President and Chief Executive Officer, effective July 6, 2026. Mr. Curley will also join the boards of the Company and EagleBank. Susan Riel will retire from her CEO role on July 5, 2026, but will remain a director if re-elected and will provide consulting services for 12 months at $94,000 per month. Mr. Curley's compensation package includes an annual salary of $1,050,000, a $250,000 sign-on bonus, and significant equity grants totaling $3,200,000.
Key Highlights
- Stephen R. Curley appointed President and CEO of Eagle Bancorp and EagleBank, effective July 6, 2026.
- Mr. Curley will also join the boards of directors of the Company and the Bank.
- Susan Riel retires as President and CEO on July 5, 2026, and will provide consulting services for 12 months at $94,000 per month.
- Mr. Curley's annual salary is $1,050,000, with an annual car allowance of $19,200.
- He is eligible for an annual target bonus of 100% of salary and a 2027 target long-term incentive of 150% of salary.
- Mr. Curley will receive a sign-on bonus of $250,000.
- Initial equity grant of $1,200,000 and a make-whole equity grant of $2,000,000.
- Ms. Riel's 26,998 outstanding time-based restricted stock awards will accelerate and vest upon her retirement.