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, the Committee authorized an increase in Ms. Riel's base salary to an annual rate of $275,600, but Ms. Riel declined the increase.

                                                                 Options      Restricted
Name                           Title              Cash Bonus     Awarded     Stock Awarded
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 and 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 those granted to Mr. Paul, vest in five annual installments, commencing on the first anniversary of the date of grant. Restricted stock awards vest in five annual installments, commencing on the first anniversary of 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.