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Home > Company Index > Banking > Banking - Mid-Atlantic > Riggs National Corporation

Riggs National Corporation
Nasdaq: RIGS
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 PROFILE
Riggs National doesn't do trucking, but as far as banking goes, it's in it for the long haul. Riggs National is the holding company for Riggs Bank, which operates more than 50 branches in the metropolitan Washington, DC area. Riggs offers consumers and regional and multinational companies traditional retail, commercial, and international banking services, as well as trust and investment services. About 40% of the bank's loans are residential mortgages; commercial real estate, consumer, and foreign loans are also available. Subsidiaries provide investment and securities services; Riggs Bank Europe Limited offers full-service banking in the UK. The Allbritton family owns about half of the company.

 COMPETITION
Chevy Chase Bank, F.S.B. (dossier)
Mercantile Bankshares Corporation (MRBK)
Provident Bankshares Corporation (PBKS)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 472.70
1-Yr. Sales Growth: 7.2%
Employees: 1,588
Revenue per employee: $297,670.03

 KEY PEOPLE
• Robert L. Allbritton
    CEO
• John L. Davis
    CFO

 CONTACT INFO
1503 Pennsylvania Ave. NW
Washington, DC 20005
US
Phone: 301-887-6000
Fax: 202-835-6773
Online: Web Site

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