Raffa Newsroom
Raffa Newsroom
Raffa Newsroom
​Kathy Raffa Named Eagle Bancorp's Newest Director

By Carolyn M. Proctor  – Data Editor, Washington Business Journal

Kathy Raffa, president of D.C.-based accounting firm Raffa PC, was named to the board of directors for Eagle Bancorp Inc., the parent company for EagleBank, where she had served on the board since 2015.

She will help guide decisions for the Washington region's 10th largest bank​, recording $5.95 billion in total deposits, $7.23 billion in assets and 2.47 percent of regional market share, according to Washington Business Journal research. Her arrival expands Eagle Bancorp's board size from seven to eight members.

Her own company, Raffa PC, was ranked No. 12 on the WBJ's most recent List of the region's largest accounting firms, with 283 professionals working in the area. The firm had 2017 revenue of $50 million. Of its 19 partners, 12 of them are women.

Raffa joins Eagle Bancorp (NASDAQ: EGBN) as its only female board member. Previous to this announcement Friday, Eagle Bancorp was one of 16 local publicly traded companies with a market capitalization of at least $100 million that had zero women on its board, according to a Business Journals analysis. EagleBank lists four female members of its 10-person board, including Raffa.

In addition to the community bank, Raffa also serves on the boards for Trinity Washington University, Levine Music and the Federal City Council. She holds a bachelor's degree in economics from the Wharton School at the University of Pennsylvania, and a CPA certificate from the District and Maryland. Raffa, a WBJ Women Who Mean Business honoree last year, spent the first 12 years of her career at Coopers & Lybrand, now PricewaterhouseCoopers, before becoming an audit partner and president for Raffa PC.

"We are pleased to have Kathy on the bank board, and now even more pleased to add her to our company board. She represents a wealth of industry knowledge and leadership that reinforces an already strong board," Ron Paul​, chairman and CEO of Eagle Bancorp, said in a statement. "Her perspective and diversity compliment a great team and enrich our accounting and auditing capabilities. Kathy is a highly respected business leader; with extensive and varied executive board experience. She provides an added dimension to our collective expertise.”

Read the article on Washington Business Journal.