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EagleBank founder and CEO Ron Paul retires

Andy Medici
EagleBank founder and CEO Ron Paul retires

Eagle Bancorp Inc. (NASDAQ: EGBN), the parent company of Bethesda-based EagleBank, announced Thursday that longtime CEO, chairman and founder Ron Paul is retiring immediately. The bank explained that Paul's retirement, which includes all his positions as an officer and director in the bank and its subsidiaries, is due to serious health developments that Paul said would "substantially interfere with his ability to perform his duties and obligations to the company and the bank." Paul has previously had two kidney transplants and has donated millions to fund kidney research. The bank has elected Vice Chair Norman Pozez to succeed Paul as chairman.