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<PAGE> 1 EXHIBIT 23.1 [ArthurAndersen Letterhead] CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS As independent public accountants, we hereby consent to the incorporation of our report dated May 31, 2000 included in Eagle Bancshares, Inc.'s Form 10-k, into the Registrant's previously filed Registration Statements No. 333-15041, No. 333-49267, No. 333-36399, No. 333-00977, No. 333-14787, and No. 333-35642. Arthur Andersen LLP ------------------- Atlanta, Georgia June 23, 2000
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