Eagle Bancorp CFO Charles Levingston seems to have the guidance of the company’s board as he faces a achievable enforcement action by the U.S. Securities and Exchange Fee.
The SEC has indicated its personnel made a preliminary willpower to recommend fees against Levingston by sending him a so-termed Wells see. The dad or mum corporation of EagleBank disclosed the see Wednesday in an earnings launch.
But Eagle Bancorp CEO Susan Riel mentioned Thursday that the board experienced resolved to have Levingston carry on to provide as CFO.
“The board’s top rated precedence is, as it constantly has been, to act in the finest curiosity of the corporation and the company’s stockholders, and we, and the board, continue being confident in the company’s disclosure controls, precision of its economic reporting, and the professionalism of the company’s finance functionality and staff,” she mentioned in an earnings call.
Levingston has been with the