DOJ says EagleBank will pay more than $9.7 million after BSA probe
United States National Accountability Fast Follow – DOJ says EagleBank entered a non-prosecution agreement and will pay more than $9.7 million to resolve a long-running Bank Secrecy Act investigation. ([justice.gov](https://www.justice.gov/opa/pr/eaglebank-agrees-pay-more-97-million-resolve-bank-secrecy-act-investigation))
The Justice Department said June 30, 2026, that EagleBank and its parent company entered a non-prosecution agreement and will pay more than $9.7 million to resolve a Bank Secrecy Act investigation. DOJ says the bank operated in Maryland, Virginia, and the District of Columbia.
According to DOJ, EagleBank admitted it willfully failed to maintain an adequate AML/CFT program between 2010 and 2021 and allowed two customers, a father and son, to run a check-kiting scheme through bank accounts for more than a decade. The department said senior executives repeatedly overrode compliance staff who wanted the accounts closed.
DOJ said the scheme caused almost $6.3 million in losses to another financial institution. The deal includes a fine, forfeiture, remedial AML steps, cooperation, and reporting obligations, but not a criminal conviction.
For readers, the broader takeaway is simple: federal anti-money-laundering rules apply to community banks too, and repeated internal warnings are not a safe harbor when suspicious activity keeps going.
Sources
- U.S. Department of Justice, Criminal Division press release
- Washington Business Journal report on EagleBank settlement
- MLex follow-up on EagleBank Bank Secrecy Act probe
- Law360 report on DOJ non-prosecution deal
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