Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Files An 8-K Entry into a Material Definitive Agreement

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Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement

 

On February 23, 2017, Eagle Bancorp Montana, Inc. (the “Company”) entered into indemnification agreements (each, an “Indemnification Agreement”), on behalf of itself and the Company’s principal banking subsidiary, Opportunity Bank Montana (the “Bank”), with each of the Company’s eight directors and one of the Company’s named executive officer, Peter J. Johnson (each, an “Indemnitee”). The Indemnification Agreements provide the Indemnitees with, among other things, indemnification against liabilities relating to their respective services as directors and officers of the Company and the advancement of expenses under certain circumstances. The foregoing summary of the Indemnification Agreements does not purport to be complete and is qualified in its entirety by reference to the form of the Company’s Indemnification Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

 

The Exhibit List called for by this Item is incorporated by reference to the Exhibit Index filed as part of this Report.

 

 


About Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)

Eagle Bancorp Montana, Inc. is the bank holding company for Opportunity Bank of Montana (the Bank). The Bank is a Montana-chartered commercial bank. The Bank has equity investments in Certified Development Entities, which have received allocations of New Markets Tax Credits (NMTC). The Company offers wealth management services at its locations through financial advisors employed by the Bank. The Bank originates residential mortgages (one- to four-family) and commercial real estate loans, real estate construction loans, home equity loans, consumer loans and commercial loans. The Bank offers a range of deposit accounts, which include certificates of deposit accounts ranging in terms from 90 days to 5 years, as well as, checking, savings and money market accounts. Individual retirement accounts (IRAs) are included in certificates of deposit.

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Recent Trading Information

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) closed its last trading session down -0.20 at 19.80 with 8,797 shares trading hands.