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Ron Paul has stepped back from EagleBank. It could be time to explore a sale.

Andy Medici
Ron Paul has stepped back from EagleBank. It could be time to explore a sale.

The sudden departure of EagleBank's driving force in CEO Ron Paul could open up the bank to a possible sale, according to banking analysts and experts. Paul sent shockwaves through the local banking community Thursday morning with his sudden retirement from his executive positions and all board seats at Eagle Bancorp Inc. (NASDAQ: EGBN) because of "serious health developments" the bank and Paul said would interfere with his duties. Paul has had two kidney transplants in the past.