After 10 years, EagleBank is closing its Alexandria branch on Friday, March 3.
The EagleBank branch at the Atrium building (277 S. Washington Street) will then transfer all its accounts to its Ballston Branch (4420 N. Fairfax Drive).
Customers received the news in a Dec. 27 letter from Conchita Lumpkins, EagleBank’s director of community banking.
“It has been an honor and pleasure to serve your banking needs at this location for many years,” Lumpkins wrote. “We look forward to continuing to serve you at the Ballston location or any of our branch offices.”
EagleBank CEO Susan Riel told the Washington Business Journal in November that the company faces staffing issues, real estate lending challenges and rising interest rates.
Last year, EagleBank and its former CEO Ronald D. Paul were fined millions for violating insider lending regulations, and Paul was banned from banking.
The Old Town branch opened in 2013. No official reason for the closure was provided. The bank, which lists 25 branches on its website, reportedly closed two other locations in 2022.
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