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Eagle Bancorp (NASDAQ:EGBN) Montana, Inc. (NASDAQ:EBMT), a state commercial bank with a market capitalization of $120.54 million, disclosed the immediate resignation of director Benjamin G. Ruddy from its board and the board of its subsidiary, Opportunity (SO:FTCE11B) Bank of Montana, on Monday. The announcement, made in a recent SEC filing, specified that Ruddy’s departure was due to personal reasons and was effective as of January 28, 2025.
Ruddy, who was slated to serve on the board until the 2025 Annual Meeting of Stockholders, has been a part of the company’s leadership for an unspecified term. Eagle Bancorp’s filing expressed gratitude for Ruddy’s commitment and service during his time with the institution.
The company, headquartered in Helena, Montana, has not yet announced a successor or detailed any changes to its board’s composition following Ruddy’s exit. This development comes as part of the company’s ongoing corporate governance updates to the market.
Eagle Bancorp Montana, Inc. operates as the holding company for Opportunity Bank of Montana, providing various banking products and services in Montana. The company’s shares are traded on the Nasdaq Global Market under the ticker symbol EBMT.
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