Summary of EAGLE BANCORP INC

Item 5.02. Departure of Directors or Principal Officers;
Election of Directors; Appointment of Principal Officers Compensatory Arrangements of Certain Officers

(e) On January 8, 2009, the Executive Compensation Committee of the Board of Directors of Eagle Bancorp, Inc. (the "Company") authorized the payment of the annual cash bonuses, and the award of options and restricted stock under the Company's 2006 Stock Plan, to certain of the Company's executive officers and the Vice Chairman of the Board of Directors, as set forth in the table below. Additionally, Ms. Riel's base salary was increase to an annual rate of $275,600.

                                                              Options    Restricted
Name                          Title             Cash Bonus    Awarded   Stock Awards
Michael T. Flynn        EVP & COO - Eagle
                          Bancorp, Inc.        $     28,200    19,200              -
Martha Foulon-Tonat           EVP &
                      Chief Lending Officer    $     39,334    21,200              -
James H. Langmead          EVP and CFO         $     44,118    20,200              -
Thomas D. Murphy      President - Montgomery
                          County Region        $     33,597     9,400              -
Ronald D. Paul           President & CEO       $     74,115    51,737         30,763
Susan G. Riel         EVP & COO - EagleBank    $     46,423    32,000              -
Janice Williams         EVP - Chief Credit
                             Officer           $     38,952    26,600              -
Barry C. Watkins        President - DC and
                         Virginia Region       $     20,000    24,600              -
Robert P. Pincus          Vice Chairman                   -    54,000              -

All options granted to executive officers and directors have an exercise price of $6.34 per share, and are subject to the terms of the 2006 Stock Plan. Options granted to the Company's executive officers and Vice Chairman have a ten year term from the date of grant. All options, (other than Mr. Paul's) vest in five annual installments, commencing on the date of grant. Restricted stock awards vest in five annual installments, commencing on the date of grant. Mr. Paul's options vest as follows: 4,421 in 2016; 15,772 in 2017; 15,772 in 2018; and 15,772 in 2019.