EagleBank to pay $9.7M to settle federal investigation
HARRISBURG — EagleBank has agreed to pay more than $9.7 million and entered into a non-prosecution agreement to resolve a federal investigation into violations of the Bank Secrecy Act, U.S. Attorney Brian D. Miller announced Tuesday. According to the U.S. Attorney’s Office for the Middle District of Pennsylvania, the community bank, which operates in Maryland, Virginia and the District of Columbia, admitted it willfully failed to maintain adequate anti-money laundering and countering the financing of terrorism programs between 2010 and 2021. Federal prosecutors said the bank ...