<PAGE>

                                                                    Exhibit 10.9

                              EMPLOYMENT AGREEMENT

         THIS EMPLOYMENT AGREEMENT ("Agreement") is made and entered into as of
the 3rd day of January, 2005 ("Commencement Date"), by and between EagleBank, a
Maryland corporation ("Eagle"), and James H. Langmead ("Langmead").

                                     RECITAL

     Eagle desires to retain Langmead as Executive Vice President and Chief
Financial Officer of Eagle and Langmead desires to accept such employment, all
upon the terms and conditions hereinafter set forth.

         NOW, THEREFORE, in consideration of the recital, the mutual covenants
and agreements herein contained, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties to this
Agreement, intending to be legally bound, agree as follows:

         1. Certain Definitions. As used in this Agreement, the following terms
have the meanings set forth below:

                  1.1 "Commencement Date" means the date first written above.

                  1.2 "Bank Regulatory Agency" means any governmental authority,
                  regulatory agency, ministry, department, statutory
                  corporation, central bank or other body of the United States
                  or of any other country or of any state or other political
                  subdivision of any of them having jurisdiction over Eagle or
                  any transaction contemplated, undertaken or proposed to be
                  undertaken by Eagle, including, but not necessarily be limited
                  to:

                  (a) the Federal Deposit Insurance Corporation or any other
                  federal or state depository insurance organization or fund;

                  (b) the Federal Reserve System, the Comptroller of the
                  Currency, the Maryland Division of Financial Institutions, or
                  any other federal or state bank regulatory or commissioner's
                  office;

                  (c) any Person established, organized, owned (in whole or in
                  part) or controlled by any of the foregoing; and

                  (d) any predecessor, successor or assignee of any of the
                  foregoing.

                  1.3 "Board" means the Board of Directors of Eagle.

                  1.4 "Bylaws" means the Bylaws of Eagle as in effect
                  from time to time.

                  1.5 "EBI" means Eagle Bancorp, Inc., a Maryland corporation.

                  1.6 "Person" means any individual, firm, association,
                  partnership, corporation, limited liability company, group,
                  governmental agency or other authority, or other organization
                  or entity.

         2.       Employment; Term.

                  2.1 Position. Eagle hereby employs Langmead to serve as
                  Executive Vice President and Chief Financial Officer of Eagle.

                  2.2 Term. The term of this Agreement and Langmead's employment
                  hereunder shall commence with the Commencement Date and
                  continue until December 31, 2006 (the "Term"), unless sooner
                  terminated in accordance with the provisions of this
                  Agreement.



                                       1
<PAGE>

         3.       Duties of Langmead.

                  3.1 Nature and Substance. Langmead shall report directly to
                  and shall be under the direction of the President and Chief
                  Executive Officer of Eagle. The specific powers and duties of
                  Langmead shall be established, determined and modified by and
                  within the discretion of the Board.

                  3.2 Performance of Services. Langmead agrees to devote his
                  full business time and attention to the performance of his
                  duties and responsibilities under this Agreement, and shall
                  use his best efforts and discharge his duties to the best of
                  his ability for and on behalf of Eagle and toward its
                  successful operation. Langmead shall comply with all laws,
                  statutes, ordinances, rules and regulations relating to his
                  employment and duties. During the Term of his employment,
                  Langmead shall not at any time or place directly or indirectly
                  engage or agree to engage in any business or practice related
                  to the banking business with or for any other person to any
                  extent whatsoever, other than to the extent required by the
                  terms and conditions of this Agreement. Langmead agrees that
                  while employed by Eagle he will not without the prior written
                  consent of the Board, engage, or obtain a financial or
                  ownership interest, in any other business, employment,
                  consulting or similar arrangement, or other undertaking (an
                  "Outside Arrangement") if such Outside Arrangement would
                  interfere with the satisfactory performance of Langmead's
                  duties to Eagle, present a conflict of interest with Eagle
                  and/or EBI, breach Langmead's duty of loyalty or fiduciary
                  duties to Eagle and/or EBI, or otherwise conflict with the
                  provisions of this Agreement; provided, however, that Langmead
                  shall not be prevented from investing Langmead's assets in
                  such form or manner as would not require any services on the
                  part of Langmead in the operation or the affairs of the
                  entities in which such investments are made and provided such
                  investments do not present a conflict of interest with Eagle
                  and/or EBI. Langmead shall promptly notify the Board of any
                  Outside Arrangement and provide Eagle with any written
                  agreement in connection therewith.

         4.       Compensation Benefits. As full compensation for all services
                  rendered pursuant to this Agreement and the covenants
                  contained herein, Eagle shall pay to Langmead the following:

                  4.1 Salary. Beginning on the Commencement Date, Langmead shall
                  be paid a salary ("Salary") of One Hundred Seventy Thousand
                  Dollars ($178,000.00) on an annualized basis. Eagle shall pay
                  Langmead's Salary in equal installments in accordance with
                  Eagle's regular payroll periods as may be set by Eagle from
                  time to time. Langmead's salary shall be further increased
                  from time to time at the discretion of the Board. Langmead
                  shall also be entitled to certain incentive bonus payments as
                  determined by the Board in its sole discretion.

                  4.2 Withholding. Payments of Salary shall be subject to the
                  customary withholding of income and other employment taxes as
                  is required with respect to compensation paid by an employer
                  to an employee.

                  4.3 Vacation and Leave. Langmead shall be entitled to such
                  vacation and leave as may be provided for under the current
                  and future leave and vacation policies of Eagle for executive
                  officers.

                  4.4 Office Space. Eagle will provide customary office space
                  and office support to Langmead beginning on the Commencement
                  Date.

                  4.5 Non-Life Insurance. Eagle will provide Langmead with group
                  health, disability and other insurance as Eagle may determine
                  appropriate for all employees of Eagle.

                  4.6 Life Insurance.

                  4.6.1 Eagle will obtain, and maintain at all times while this
                  Agreement is in effect, a term life insurance policy (the
                  "Policy") on Langmead in the amount of Six Hundred Thousand
                  ($600,000.00), the particular product and carrier to be chosen
                  by Eagle in its discretion. Langmead shall have the right to
                  designate the beneficiary of the Policy. Eagle will pay the
                  premium for the Policy. In the event Langmead is rated and the
                  premium exceeds the standard rate, the Policy amount shall be
                  lowered to the maximum amount that can be purchased at the
                  standard rate for a Six Hundred Thousand ($600,000.00) policy.
                  For example, if Langmead is rated and the standard rate for a
                  Six Hundred Thousand ($600,000.00) policy would acquire a Five
                  Hundred Thousand ($500,000.00) policy, Eagle would only be
                  required to purchase the Five Hundred Thousand ($500,000.00)
                  policy.


                                       2
<PAGE>

                  4.6.2 Parking.  Will be provided by Eagle.

                  4.6.3 Eagle may, at its cost, obtain and maintain "key-man"
                  life insurance and/or Bank-owned life insurance on Langmead in
                  such amount as determined by the Board from time to time.
                  Langmead agrees to cooperate fully and to take all actions
                  reasonably required by Eagle in connection with such
                  insurance.

                  4.7 Expenses. Eagle shall promptly upon presentation of proper
                  expense reports therefore pay or reimburse Langmead, in
                  accordance with the policies and procedures established from
                  time to time by Eagle for its senior executive officers, for
                  all reasonable and customary travel and other out-of-pocket
                  expenses incurred by Langmead in the performance of his duties
                  and responsibilities under this Agreement and promoting the
                  business of Eagle, including appropriate membership fees, dues
                  and the cost of attending seminars, meetings and conventions.

                  4.8 Retirement Plans. Langmead shall be entitled to
                  participate in any and all qualified pension or other
                  retirement plans of Eagle which may be applicable to executive
                  personnel of Eagle.

                  4.9 Other Benefits. While this Agreement is in effect,
                  Langmead shall be entitled to all other benefits that Eagle
                  provides from time to time to its senior executive officers,
                  including, but not limited to, any stock option plan and other
                  incentive plans.

                  4.10 Eligibility. Participation in any health, life, accident,
                  disability, medical expense or similar insurance plan or any
                  qualified pension or other retirement plan shall be subject to
                  the terms and conditions contained in such plan. All matters
                  of eligibility for benefits under any insurance plans shall be
                  determined in accordance with the provisions of the applicable
                  insurance policy issued by the applicable insurance company.

                  4.11 Warrants. Langmead shall be issued warrants or options to
                  acquire shares of EBI stock from time to time at the
                  discretion of the Board of Directors of EBI following a
                  recommendation by the Board. In that regard, it is
                  acknowledged that concurrent with the execution of this
                  Agreement Langmead will be granted stock options for five
                  thousand (5,000) shares in accordance with the EBI 1998 Stock
                  Option Plan under a vesting schedule as determined by EBI.
                  Additional options may be granted during the term of this
                  Agreement.

         5.       Conditions Subsequent to Continued Operation and Effect of
                  Agreement.

                  5.1 Continued Approval by Bank Regulatory Agencies. This
                  Agreement and all of its terms and conditions, and the
                  continued operation and effect of this Agreement and Eagle's
                  continuing obligations hereunder, shall at all times be
                  subject to the continuing approval of any and all Bank
                  Regulatory Agencies whose approval is a necessary prerequisite
                  to the continued operation of Eagle. Should any term or
                  condition of this Agreement, upon review by any Bank
                  Regulatory Agency, be found to violate or not be in compliance
                  with any then-applicable statute or any rule, regulation,
                  order or understanding promulgated by any Bank Regulatory
                  Agency, or should any term or condition required to be
                  included herein by any such Bank Regulatory Agency be absent,
                  this Agreement may be rescinded and terminated by Eagle if the
                  parties hereto cannot in good faith agree upon such additions,
                  deletions, or modifications as may be deemed necessary or
                  appropriate to bring this Agreement into compliance.

                                       3
<PAGE>

         6.       Termination of Agreement. This Agreement may be terminated
                  prior to expiration of the Term as provided below.

                  6.1 Definition of Cause. For purposes of this Agreement,
                  "Cause" means:

                      (a) any act of theft, fraud, intentional misrepresentation
                      or similar conduct by Langmead in connection with or
                      associated with the services rendered by Langmead to Eagle
                      under this Agreement;

                      (b) any failure of this Agreement to comply with any Bank
                      Regulatory Agency requirement which is not cured in
                      accordance with Section 5.1 within a reasonable period of
                      time after written notice thereof;

                      (c) any Bank Regulatory Agency action or proceeding
                      against Langmead as a result of his negligence, fraud,
                      malfeasance or misconduct;

                      (d) any of the following conduct on the part of Langmead
                      that Langmead has not corrected or cured within thirty
                      (30) days after having received written notice from Eagle
                      detailing and describing such conduct:

                           (i)   the use of drugs, alcohol or other substances
                                 by Langmead to an extent which materially
                                 interferes with or prevents Langmead from
                                 performing Langmead's duties under this
                                 Agreement;

                           (ii)  failure by or the inability of Langmead to
                                 devote full time, attention and energy to the
                                 performance of Langmead's duties pursuant to
                                 this Agreement (other than by reason of his
                                 death or disability);

                           (iii) intentional material failure by Langmead to
                                 carry out the explicit lawful and reasonable
                                 directions, instructions, policies, rules,
                                 regulations or decisions of the Board which are
                                 consistent with his position; or

                           (iv)  willful or intentional misconduct on the part
                                 of Langmead that results in substantial injury
                                 to Eagle or any of its parent, subsidiaries or
                                 affiliates.

                  6.2 Termination by Eagle.

                           6.2.1 For Cause. Eagle shall have the right to cancel
                           and terminate this Agreement and Langmead's
                           employment for Cause immediately on written notice,
                           with Langmead's compensation and benefits ceasing as
                           of Langmead's last day of employment, provided,
                           however, that Langmead shall be entitled to benefits
                           through the last day of employment and accrued
                           compensation to that date.

                           6.2.2 Without Cause. Eagle shall have the right to
                           cancel and terminate this Agreement and Langmead's
                           employment at any time on written notice without
                           Cause for any or no reason, with Langmead's
                           compensation and benefits ceasing as of Langmead's
                           last day of employment, subject to the provisions of
                           Section 6.4. and Article 8.

                  6.3 Termination by Langmead. Langmead shall have the right to
                  cancel and terminate this Agreement and his employment at any
                  time on sixty (60) days prior written notice to the Board,
                  with Langmead's compensation and benefits ceasing as of
                  Langmead's last day of employment, provided, however, that
                  Langmead shall be entitled to benefits through the last day of
                  employment and accrued compensation to that date.

                  6.4 Severance. Except as set forth below, if Langmead's
                  employment with Eagle is terminated by Eagle or its successors
                  during the Term without Cause, Eagle shall, for the balance of
                  the Term, continue to pay Langmead, in the manner set forth
                  below, Langmead's Salary and benefits at the rate being paid
                  as of the date of termination; provided, however, that
                  Langmead shall not be entitled to any such payments of Salary
                  if (i) his employment is terminated due to his death or
                  long-term disability, or (ii) this Agreement is rendered null
                  and void pursuant to Section 5.1, or (iii) there is a Change
                  in Control Termination (as defined in Section 8.2). Any Salary
                  due Langmead pursuant to this Section 6.4 shall be paid to
                  Langmead in installments on the same schedule as Langmead was
                  paid immediately prior to the date of termination, each
                  installment to be the same amount Langmead would have been
                  paid under this Agreement if he had not been terminated. In
                  the event Langmead breaches any provision of Article 7 of this
                  Agreement, Langmead's entitlement to any Salary payable
                  pursuant to this Section 6.4, if and to the extent not yet
                  paid, shall thereupon immediately cease and terminate.

                                       4
<PAGE>

         7.       Confidentiality;  Non-Interference.

                  7.1 Confidential Information. Langmead, during employment by
                  Eagle, will have access to and become familiar with various
                  confidential and proprietary information of Eagle, its parent,
                  subsidiaries and/or affiliates and/or relating to the business
                  of Eagle, its parent, subsidiaries and/or affiliates
                  ("Confidential Information"), including, but not limited to:
                  business plans; operating results; financial statements and
                  financial information; contracts; mailing lists; purchasing
                  information; customer data (including lists, names and
                  requirements); feasibility studies; personnel related
                  information (including compensation, compensation plans, and
                  staffing plans); internal working documents and
                  communications; and other materials related to the businesses
                  or activities of Eagle, its parent, subsidiaries and/or
                  affiliates which is made available only to employees with a
                  need to know or which is not generally made available to the
                  public. Failure to mark any Confidential Information as
                  confidential, proprietary or protected information shall not
                  affect its status as part of the Confidential Information
                  subject to the terms of this Agreement.

                  7.2 Nondisclosure. Langmead hereby covenants and agrees that
                  Langmead shall not at any time, directly or indirectly,
                  disclose, divulge, reveal, report, publish, or transfer any
                  Confidential Information to any Person, or use Confidential
                  Information in any way or for any purpose, except as required
                  in the course of Langmead's employment by Eagle. The covenant
                  set forth in this Section 7.2 shall not apply to information
                  now known by the public or which becomes known generally to
                  the public (other than as a result of a breach of this Article
                  7 by Langmead) or information that is customarily shown or
                  disclosed. Langmead further covenants and agrees that Langmead
                  shall not at any time, directly or indirectly, disclose to any
                  Person, including but not limited to any other employee of EBI
                  or Eagle, any of the terms of this Agreement.

                  7.3 Documents. All files, papers, records, documents,
                  compilations, summaries, lists, reports, notes, databases,
                  tapes, sketches, drawings, memoranda, and similar items
                  (collectively, "Documents"), whether prepared by Langmead, or
                  otherwise provided to or coming into the possession of
                  Langmead, that contain any proprietary information about or
                  pertaining or relating to Eagle, its parent, subsidiaries
                  and/or affiliates and/or their businesses ("Eagle
                  Information") shall at all times remain their exclusive
                  property. Promptly after a request by Eagle or the termination
                  of Langmead's employment, Langmead shall take reasonable
                  efforts to (i) return to Eagle all Documents in any tangible
                  form (whether originals, copies or reproductions) and all
                  computer disks containing or embodying any Document or Eagle
                  Information and (ii) purge and destroy all Documents and Eagle
                  Information in any intangible form (including computerized,
                  digital or other electronic format) as may be requested in
                  writing by the Chairman of the Board of Eagle, and Langmead
                  shall not retain in any tangible form any such Document or any
                  summary, compilation, synopsis or abstract of any Document or
                  Eagle Information.


                  7.4 Non-Interference. Langmead hereby covenants and agrees
                  that during his employment and for a period of twelve (12)
                  months after Langmead's last date of employment with Eagle,
                  Langmead will not, directly or indirectly, for himself or any
                  other Person (whether as a proprietor, owner, agent, officer,
                  director, shareholder, partner, principal, member, employee,
                  contractor, consultant or any other capacity), induce or
                  attempt to induce any customers, suppliers, officers,
                  employees, contractors, consultants, agents or representatives
                  of, or any other person that has a business relationship with,
                  Eagle or any of its parent, subsidiaries and affiliates to
                  discontinue, terminate or reduce the extent of their
                  relationship with Eagle and/or any such parent, subsidiary or
                  affiliate or to take any action that would disrupt or
                  otherwise be disadvantageous to any such relationship, nor
                  will Langmead otherwise solicit any customer or employee of
                  Eagle on behalf of himself or any other Person or entity.

                                       5
<PAGE>

                  7.5 Injunction. In the event of any breach or threatened or
                  attempted breach of any such provision by Langmead, Eagle
                  shall, in addition to and not to the exclusion of any other
                  rights and remedies at law or in equity, be entitled to seek
                  and receive from any court of competent jurisdiction (i) full
                  temporary and permanent injunctive relief enjoining and
                  restraining Langmead and each and every other Person concerned
                  therein from the continuation of such volatile acts and (ii) a
                  decree for specific performance of the applicable provisions
                  of this Agreement, without being required to furnish any bond
                  or other security.

                  7.6 Reasonableness.

                  Langmead has carefully read and considered the provisions of
                  this Article 7 and, having done so, agrees that the
                  restrictions and agreements set forth in this Article 7 are
                  fair and reasonable and are reasonably required for the
                  protection of the interests of Eagle and its business,
                  shareholders, directors, officers and employees. Langmead
                  further agrees that the restrictions set forth in this
                  Agreement will not impair or unreasonably restrain Langmead's
                  ability to earn a livelihood.

         8.       Change in Control.

                  8.1      Definition.  "Change in Control" means and
                  shall be deemed to have occurred if:

                  (a) there shall be consummated any consolidation or merger of
                  EBI in which EBI is not the continuing or surviving
                  corporation or pursuant to which shares of EBI's capital stock
                  are converted into cash, securities or other property other
                  than a consolidation or merger of EBI in which the holders of
                  EBI's voting stock immediately before the consolidation or
                  merger shall, upon consummation of the consolidation or
                  merger, own at least 50% of the voting stock of the surviving
                  corporation, or any sale of all or substantially all of the
                  assets of EBI; or

                  (b) any person (within the meaning of Sections 13(d) and
                  14(d)(2) of the Securities Exchange Act of 1934, as amended
                  (the "Exchange Act")) shall after the Commencement Date become
                  the beneficial owner (within the meaning of Rules 13d-3 and
                  13d-5 under the Exchange Act), directly or indirectly, of
                  securities of EBI representing fifty-one percent (51%) or more
                  of the voting power of then all outstanding securities of EBI
                  entitled to vote generally in the election of directors of EBI
                  (including, without limitation, any securities of EBI that any
                  such person has the right to acquire pursuant to any
                  agreement, or upon exercise of conversion rights, warrants or
                  options, or otherwise, which shall be deemed beneficially
                  owned by such person); or

                  (c) individuals who at the Commencement Date constitute the
                  entire Board of Directors of EBI and any new directors whose
                  election by the Board of Directors of EBI, or whose nomination
                  for election by EBI's stockholders, shall have been approved
                  by a vote of at least a majority of the directors then in
                  office who either were directors at the Commencement Date or
                  whose election or nomination for election shall have been so
                  approved, shall cease for any reason to constitute at least a
                  majority of the Board of Directors of EBI.

                  8.2 Change in Control Termination. For purposes of this
                  Agreement, a "Change in Control Termination" means that while
                  this Agreement is in effect:

                                       6
<PAGE>

                  (a) Langmead's employment with Eagle is terminated without
                  Cause within one hundred twenty (120) days immediately (i)
                  prior to and in conjunction with a Change in Control or (ii)
                  following consummation of a Change in Control; or

                  (b) Langmead is notified within one hundred twenty (120) days
                  immediately prior to or immediately following consummation of
                  a Change in Control that, as a result of the Change in
                  Control, he will not be continued in a comparable position
                  (with comparable compensation and benefits) with Eagle to the
                  position Langmead holds at the time such notice is given if
                  the notice is given prior to the Change in Control or, if the
                  notice is given after a Change in Control, to the position
                  Langmead held immediately prior to the Change in Control, and
                  within fifteen (15) days after receiving such notification
                  Langmead notifies Eagle that he is terminating his employment
                  due to such change in his employment, with his last day of
                  employment to be mutually agreed to by Eagle and Langmead but
                  which shall be not more than sixty (60) days after such notice
                  is given by Langmead; or

                  (c) If at the expiration of the one hundred twenty (120) day
                  period immediately following consummation of a Change in
                  Control (the "Action Period") none of the events described in
                  Sections 8.2(a) and 8.2(b) above have occurred, Langmead,
                  within the thirty (30) day period immediately following the
                  last day of the Action Period, notifies Eagle that he is
                  terminating his employment due to the Change in Control, with
                  his last day of employment to be mutually agreed to by Eagle
                  and Langmead but which shall be not more than sixty (60) days
                  after such notice is given by Langmead.

                  8.3 Change in Control Payment. If there is a Change in Control
                  Termination, Langmead shall be paid a lump-sum cash payment
                  (the "Change Payment") equal to 2.99 times Langmead's Salary
                  at the highest rate in effect during the twelve (12) month
                  period immediately preceding his last day of employment, such
                  Change Payment to be made to Langmead within forty-five (45)
                  days after his last day of employment.

                  8.4 Adjustment.

                  (a) Notwithstanding anything in this Agreement to the
                  contrary, if the Determining Firm (as defined in Section
                  8.4(b)) determines that any portion of the Change Payment
                  and/or the portions, if any, of other payments or
                  distributions in the nature of compensation by Eagle to or for
                  the benefit of Langmead (including, but not limited to, the
                  value of the acceleration in vesting of restricted stock,
                  options or any other stock-based compensation) whether or not
                  paid or payable or distributed or distributable pursuant to
                  the terms of this Agreement (collectively with the Change
                  Payment, the "Aggregate Payment"), would cause any portion of
                  the Aggregate Payment to be subject to the excise tax imposed
                  by Code Section 4999 or would be nondeductible by Eagle
                  pursuant to Code Section 280G (such portion subject to the
                  excise tax or being nondeductible, the "Parachute Payment"),
                  the Aggregate Payment will be reduced, beginning with the
                  Change Payment, to an amount which will not cause any portion
                  of the Aggregate Payment to constitute a Parachute Payment.

                  (b) All determinations required to be made under this Section
                  8.4, will be made by a reputable law or accounting firm (the
                  "Determining Firm") selected by Eagle. All fees and expenses
                  of the Determining Firm will be obligations solely of Eagle.
                  The determination of the Determining Firm will be binding upon
                  Eagle and Langmead.

         9. Assignability. Langmead shall have no right to assign this Agreement
         or any of Langmead's rights or obligations hereunder to another party
         or parties.

                                       7
<PAGE>

         10. Governing Law. This Agreement shall be governed by and construed in
         accordance with the laws of the State of Maryland applicable to
         contracts executed and to be performed therein, without giving to the
         choice of law rules thereof.

         11. Notices. All notices, requests, demands and other communications
         required to be given or permitted to be given under this Agreement
         shall be in writing and shall be conclusively deemed to have been given
         (1) when hand delivered to the other party, or (2) when received when
         by facsimile at the address a number set forth below provided however,
         that notices given by facsimile shall not be effective unless either a
         duplicate copy of such facsimile notice is promptly given by depositing
         same in a United States Post Office first-class postage prepaid and
         addressed to the parties as set forth below, or the receiving party
         delivers a written confirmation of receipt for such notice either by
         facsimile or any other method permitted under this subject,
         additionally, any notice given by facsimile shall be deemed received on
         the next business day if such notice is received after 5:00 p.m.
         (recipient's time) or on a non-business day); or three (3) business
         days after the same have been deposited in a United States post office
         with first-class certified mail, return receipt, postage prepaid and
         addressed to the parties as set forth below; or (4) the next business
         day after same have been deposited with a national overnight delivery
         service reasonably approved by the parties (Federal Express and DHL
         WorldWide Express being deemed approved by the parties), postage
         prepaid, addressed to the parties as set forth below with
         next-business-day delivery guaranteed, provided that the sending party
         received a confirmation of delivery from the delivery service provider.
         The address of a party set forth below may be changed by that party by
         written notice to the other from time to time pursuant to this Article.

                  To:      James H. Langmead
                           7112 Chardon Court
                           Clarksville, MD 21029

                  To:      EagleBank
                           C/O Ronald D. Paul
                           7815 Woodmont Ave.
                           Bethesda, MD 20814

                  cc:      Fred S. Sommer, Esquire
                           Shulman, Rogers, Gandal, Pordy & Ecker, P.A.
                           11921 Rockville Pike, Third Floor
                           Rockville, MD  20852

         12. Entire Agreement. This Agreement contains all of the agreements and
         understandings between the parties hereto with respect to the
         employment of Langmead by Eagle, and supersedes all prior agreements,
         arrangements and understandings related to the subject matter hereof.
         No oral agreements or written correspondence shall be held to affect
         the provisions hereof. No representation, promise, inducement or
         statement of intention has been made by either party that is not set
         forth in this Agreement, and neither party shall be bound by or liable
         for any alleged representation, promise, inducement or statement of
         intention not so set forth.

         13. Headings. The Article and Section headings contained in this
         Agreement are for reference purposes only and shall not in any way
         affect the meaning or interpretation of this Agreement.

         14. Severability. Should any part of this Agreement for any reason be
         declared or held illegal, invalid or unenforceable, such determination
         shall not affect the legality, validity or enforceability of any
         remaining portion or provision of this Agreement, which remaining
         portions and provisions shall remain in force and effect as if this
         Agreement has been executed with the illegal, invalid or unenforceable
         portion thereof eliminated.

         15. Amendment: Waiver. Neither this Agreement nor any provision hereof
         may be amended, modified, changed, waived, discharged or terminated
         except by an instrument in writing signed by the party against which
         enforcement of the amendment, modification, change, waiver, discharge
         or termination is sought. The failure of either party at any time or
         times to require performance of any provision hereof shall not in any
         manner affect the right at a later time to enforce the same. No waiver
         by either party of the breach of any term, provision or covenant
         contained in this Agreement, whether by conduct or otherwise, in any
         one or more instances, shall be deemed to be, or construed as, a
         further or continuing waiver of any such breach, or a waiver of the
         breach of any other term, provision or covenant contained in this
         Agreement.

                                       8
<PAGE>

         16. Gender and Tense. As used in this Agreement, the masculine,
         feminine and neuter gender, and the singular or plural number, shall
         each be deemed to include the other or others whenever the context so
         indicates.

         17. Binding Effect. This Agreement is and shall be binding upon, and
         inures to the benefit of, Eagle, its successors and assigns, and
         Langmead and his heirs, executors, administrators, and personal and
         legal representatives.


         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
         date first written above.

         EAGLEBANK


         By:   ______________________

         Title: ______________________


         JAMES H. LANGMEAD


         ----------------------------
         James H. Langmead


         ----------------------------
         Date





                                       9