Eagle Bancorp in Bethesda, Md., looked outward for its new leader.
The company said in a press release that it hired Stephen Curley as its president and CEO, effective July 6. He will also join the board.
Curley, who was chief banking officer for national business lines at Western Alliance Bancorp. in Phoenix, will succeed Susan Riel. Riel, who plans to remain on the board, signed a 12-month consulting agreement that will pay her $1.1 million.
Curley will receive an annual salary of nearly $1.1 million, along with a $250,000 signing bonus. He will be eligible for a bonus equal to 100% of his salary.