Is EagleBank FDIC insured?
Yes, EagleBank is an FDIC-insured institution [1.3.1, 1.3.2]. This federal insurance is a standard safeguard that covers eligible deposit accounts—such as checking accounts, savings accounts, money market accounts, and certificates of deposit (CDs)—up to $250,000 per depositor, per ownership category [1.3.2]. Because it is backed by the Federal Deposit Insurance Corporation, customers have the assurance that their funds are protected under federal law against potential bank failure [1.3.2]. This status is a fundamental component of the bank’s safety and reliability, ensuring that personal and business depositors can manage their finances with the security provided by government-backed insurance [1.3.2].
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