Anthony P. Terracciano, Chairman Steven T. Tamburo, CFO
Total assets
$6.008 billion (2004)
Total equity
$0.317 billion (2004)
Number of employees
1,307 (2004)
Footnotes / references [1]
Former Riggs National Bank headquarters, on Pennsylvania Avenue in Washington, D.C. The rightmost section is the American Security and Trust Company Building.Former Riggs Bank building, now the Riggs Washington DC Hotel.
Riggs Bank was a bank headquartered in Washington, D.C. For most of its history, it was the largest bank headquartered in that city. On May 13, 2005, after the exposure of several money laundering scandals, the bank was acquired by PNC Financial Services.
The bank was known for handling the personal financial affairs of many U.S. Presidents and many embassies in Washington, D.C. Twenty-three U.S. Presidents or their families banked at Riggs, including Martin Van Buren, John Tyler, Abraham Lincoln, Ulysses S. Grant, Dwight D. Eisenhower, and Richard Nixon. Accounts were also held by Senators Henry Clay, John C. Calhoun and Daniel Webster, Confederate president Jefferson Davis, American Red Cross founder Clara Barton, suffragist Susan B. Anthony, and generals William Tecumseh Sherman and Douglas MacArthur.
The bank billed itself as "the most important bank in the most important city in the world".[2] Its DC headquarters were pictured on the back of an old ten dollar bill.[3]
The bank was investigated for several money laundering scandals, including going to great lengths to allow former Chilean dictator Augusto Pinochet to hide his fortune after his accounts were subjected to asset freezing and for unknowingly allowing the hijackers involved in the September 11 attacks to transfer money due to lax controls at the bank.
^"Riggs National Corporation 2004 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
^O'Brien, Timothy L. (2004-07-19). "At Riggs Bank, A Tangled Path Led to Scandal". The New York Times. ISSN 0362-4331. Retrieved 2022-11-29.
^"Riggs Bank Was "The Bank of Presidents"". Architect of the Capital. 4 September 2016. Retrieved 2022-11-29.
RiggsBank was a bank headquartered in Washington, D.C. For most of its history, it was the largest bank headquartered in that city. On May 13, 2005, after...
Riggs is an English surname. Notable people with the surname include: Anna Rankin Riggs (1835-1908), American social reformer Arthur Riggs (geneticist)...
against her bank account with the RiggsBank in Washington, D.C. since 1994 be examined. Some of these investigations led to the RiggsBank scandals of...
"Pinochet, con nombres de 'chapa', abrió cuentas en el Riggs en 1985" [Pinochet opened accounts at Riggs under false names in 1985]. Radio Cooperativa (in...
in Washington, D.C. After suffering from bank failure in 1990, the bank was acquired by RiggsBank. The bank was chartered in 1809. Daniel Carroll of...
foreign governments for many years. In 1997, RiggsBank bought J. Bush & Co. and made Bush CEO & President of Riggs Investment, a firm based in New Haven, Connecticut...
previously the final CEO of Riggs National Corporation, the parent of RiggsBank, from 2001 to 2005, when PNC Bank acquired the bank. Allbritton has been described...
Riggs National Bank is the historic former headquarters building of RiggsBank, located at 1503–1505 Pennsylvania Avenue, Northwest, Washington, D.C.,...
investigation into RiggsBank, a Washington-based bank into which most of Equatorial Guinea's oil revenues were paid until recently, and which also banked for Chile's...
resort. In 1992, a settlement was reached in a lawsuit by RiggsBank against Columbia First Bank Chairman Melvin Lenkin, a Hadid partner in a Washington...
Atlanta Business Chronicle. May 9, 2004. Barbash, Fred (July 16, 2004). "RiggsBank Sold to PNC Financial Services Group". Washington Post. Capital One Financial...
close relationship with the Washington DC-based RiggsBank. He is said to have been welcomed by top Riggs officials, who held a luncheon in his honor. Publicity...
Dame Enid Diana Elizabeth Rigg DBE (20 July 1938 – 10 September 2020) was an English actress of stage and screen. Her roles include Emma Peel in the TV...
April 3, 2017. Program featuring the purchase check cashed for gold at RiggsBank (17:00 minute mark). Original Document of Check to Purchase Alaska Archived...
Elisha Riggs (June 13, 1779 – August 3, 1853) was an American merchant, soldier and banker who founded the Riggs National Bank. Riggs was born on June...
business with PEPs without following adequate procedures, as in the case of RiggsBank in Washington, D.C. In spite of regulation, political leaders like Muammar...
Education Fund. Riggs was born in Georgetown, D.C. (now part of Washington), the son of Elisha Riggs and his first wife, Alice (née Lawrason) Riggs. After his...
planning sessions in the home of Charles C. Glover, president of the RiggsBank, the Protestant Episcopal Church Foundation was created on January 6,...
the Nguema/Mongomo group was deposited in RiggsBank in Washington, D.C. According to Human Rights Watch, Riggs had been aware of the level of corruption...
million of his own money into Bussard's Compact Tokamak. Funding by the RiggsBank led to this effort being known as the Riggatron. TFTR won the construction...
passport forgery following the publication of a report concerning the RiggsBank in July 2004 by the US Senate Permanent Subcommittee on Investigations...
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