Riggs National Corporation - RIGS- Profile

Riggs National Corporation. The Group's principal activities are to provide banking and financial services. The Group is a bank holding company that engages in banking-related activities through its bank and non-bank subsidiaries. The services include community banking, corporate and commercial banking, international banking and trust and investment management services. The Group offers financial services through 51 branches in Washington D.C., Miami, London, the Channel Islands and Berlin. Riggs Capital Partners, a joint venture firm of the Group, provides funds to telecommunication, healthcare, life sciences and other industries in the Mid-Atlantic region. The Group operates through five segments namely Banking, International Banking, Treasury, Riggs Capital Partners (venture capital) and Other. In 2004 the Group's Riggs & Co segment was absorbed into the Banking segment. The Group operates in United States, Europe, South America and Africa/Mid East. Provides community banking, corporate and commercial banking, international banking, trust and investment management services