January 30, 1997
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We have been principal accountants for Eagle Bancorp, Inc. and, under the
date of February 9, 1996, we reported on the consolidated financial statements
of Eagle Bancorp, Inc. and subsidiary ("the Company") as of an for the years
ended December 31, 1995 and 1994. On January 21, 1997, our appointment as
principal accountants for Eagle Bancorp, Inc. for the year ending December 31,
1997 was not renewed. The client-auditor relationship between Eagle Bancorp,
Inc. and KPMG Peat Marwick LLP will cease upon the completion of the audit of
the Company's consolidated financial statements as of and for the year ended
December 31, 1996 and the issuance of our auditors' report thereon. We have read
Eagle Bancorp, Inc.'s statements included under item 4 of it Form 8-K dated
January 28, 1997 and we agree with such statements contained in the second,
fourth, and sixth paragraphs therein. We have no basis to agree or disagree with
other statements of the registrant contained therein.
Very truly yours,
/S/ KPMG Peat Marwick LLP
