03/12/2018 | Press release | Distributed by Public on 03/12/2018 12:08
BETHESDA, Md., March 12, 2018 (GLOBE NEWSWIRE) -- EagleBank, the largest community bank in the Washington metro region and Major League Soccer club D.C. United are pleased to announce a five-year sponsorship of the team and stadium. As part of the arrangement, EagleBank will be the official bank of D.C. United, providing a series of banking and financial services. The partnership will also include the creation of the 'EagleBank Club,' at Audi Field which will provide an exclusive destination for team fans and patrons to enjoy premium seating and entertainment right in front of the action.
D.C. United previously obtained a $25-million funding package from EagleBank to install state-of-the-art energy and water efficiency equipment at Audi Field, including a storm water retention system. The measures, built through the D.C. Property Assessed Clean Energy (PACE) program, have put Audi Field at the forefront of green buildings in the District.
'We are delighted to enter into this exciting partnership as D.C. United's official bank and as a founding partner of the new Audi Field,' said Ron Paul, Chairman and Chief Executive Officer of EagleBank. 'As a community business bank, we are proud to work closely with iconic D.C.-based businesses and organizations that enrich the lives of our residents, workforce and visitors from around the world. D.C. United have a robust fan base in the area, and we look forward to a successful partnership that will support this incredibly talented local team.'
'We feel honored to grow our relationship with EagleBank both at Audi Field and in the communities we serve,' Jason Levien, United CEO and managing general partner, said. 'Serving the community is core to our principles and this strategic partnership with a leading community business bank allows us to engage our fans in unique ways both at Audi Field and throughout the District.'
D.C. United's new 20,000-capacity stadium, featuring 500,000 total square feet of mixed-use retail and residential space, is slated for official opening on July 14, 2018 in Buzzard Point. The team averages approximately 18 home games per year, along with other events during the season. Since 2006, Major League Soccer has grown faster than any other U.S. sport league, and the team boasts over one million fans in the D.C. Metro region. The stadium will also host cultural and community events and concerts throughout the year.
EagleBank is a community business bank headquartered in Bethesda, Maryland. Operating through twenty full-service branch offices, located in Suburban Maryland, Northern Virginia, and Washington, D.C., the bank focuses on building relationships with businesses, professionals and individuals in its marketplace. EagleBank also offers a complete line of competitive personal banking products and services.
About D.C. United and Audi Field
One of the founding clubs of Major League Soccer in 1996, D.C. United are the most decorated team in the United States with 13 domestic and international trophies, and the most championed professional team in the District of Columbia. The Black-and-Red have won the MLS Cup four times (1996, 1997, 1999 and 2004), the Supporters' Shield four times (1997, 1999, 2006 and 2007) and the Lamar Hunt U.S. Open Cup three times (1996, 2008 and 2013). United have called the District home for the past 22 years and will continue that tradition as they move into Audi Field in Southwest D.C. in 2018. The state-of-the-art urban facility has a capacity of 20,000 fans and will feature 31 luxury suites, a bike valet, and 500,000 total square feet of mixed-use retail and residential space on site, making it a 365-day destination for fans and D.C. residents alike.
About Eagle Bancorp, Inc. and EagleBank
Eagle Bancorp, Inc. is the holding company for EagleBank, which commenced operations in 1998. EagleBank is headquartered in Bethesda, Maryland, and conducts full service commercial banking through 20 offices, located in Suburban, Maryland, Washington, D.C. and Northern Virginia. EagleBank focuses on building relationships with businesses, professionals and individuals in its marketplace.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/00eb57ba-8998-482e-99d0-9ab86b620a40
Source: Eagle Bancorp, Inc.