Ron Paul’s sudden retirement from EagleBank rocked the business community

The Washington Business Journal is rolling out its top stories of 2019. This is No. 7. And don’t miss No. 8.

Former EagleBank CEO and longtime Greater Washington real estate investor Ron Paul rocked the business community when EagleBank announced his sudden retirement March 21.k

The bank attributed his exit to health reasons — Paul had previously had two kidney transplants and donated millions of dollars to fund kidney research. His departure marked the public end of a long-running position of prominence within the community, where he was active in nonprofits and served in various banking groups, even testifying before Congress on multiple occasions. He was replaced by former Chief Operating Officer Susan Riel, a longtime EagleBank executive he helped groom.

His retirement from the limelight did not come at the best of times for Eagle Bancorp Inc. (NASDAQ: EGBN), EagleBank’s parent company. Just a few months following his announcement, the Bethesda bank announced that it was the subject…

Read the full story from the Washington Business Journal.

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