Vitals
  • Total Assets
    5.8B -1.9 %
  • Total Deposits
    4.0B -3.1 %
  • Total Net Loans
    2.9B -9.7 %
  • Net Income
  • Book Value
    415.2M -7.3 %
  • Book Value x2
    830.4M -7.3 %
  • Book Value x3
    1.2B -7.3 %
ROAA

ROAE

Efficiency Ratio

120.55

Net Interest Margin

2.83

Balance Sheet Highlights
Financial Highlights Riggs Bank National Association All Insured Commercial Banks in Virginia
Balance Sheet $(000)
Total Assets 5,761,004 312,414
Total Net Loans 2,864,768 219,221
Total Deposits 4,030,489 256,669
Total Equity 415,196 29,748
Profitability
Net Income — 2,975
Return on Average Assets — 1.126
Return on Average Equity — 11.754
Net Interest Margin 2.83 4.182
Efficiency Ratio 120.55 65.369
Noninterest Income/Revenue 30.61 14.65
Balance Sheet Ratios
Loan-to-Deposit 71.077 82.578
Securities/Assets .265 .771
Total Equity/Total Assets .072 .095
Tangible Equity/Tangible Assets .071 -.27
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 428,862 27,042
Tier 2 Capital 24,779 2,723
Total Capital 453,641 29,960
Total Risk Weighted Assets 3,539,906 229,399
Leverage Ratio 7.53 9.483
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 12.12 12.892
Total Capital Ratio 12.82 14.123

Timeline for Riggs Bank National Association

Pnc Bank, National Association

Riggs Bank National Association was acquired by Pnc Bank, National Association 19 years

View Profile May 14 2005

Riggs National Trust Company

Riggs National Trust Company became a new subsidiary organization for Riggs Bank National Association.

View Profile Mar 29 2005

Rnc 2012 Llc

Rnc 2012 Llc became a new subsidiary organization for Riggs Bank National Association.

View Profile Oct 24 2002

Riggs Bank And Trust Company (Channel Islands), Limited

Riggs Bank And Trust Company (Channel Islands), Limited became a new subsidiary organization for Riggs Bank National Association.

View Profile Sep 01 2000

Rreic Holdings Inc.

Rreic Holdings Inc. became a new subsidiary organization for Riggs Bank National Association.

View Profile Mar 26 1999

Want to see more?

Complete timeline for Riggs Bank National Association is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Pnc Bank, National Association Buyer 43,244,081 Acquisition Discontinued 5/14/2005
The Riggs National Bank Of Virginia Seller 381,774 Pooling of Interests Discontinued 3/29/1996
The Riggs National Bank Of Maryland Seller 224,345 Pooling of Interests Discontinued 3/29/1996
The National Bank Of Washington Seller 1,650,969 Failure 8/11/1990
Relationships Role Relationship Start Relationship End
Riggs National Corporation Parent 5/31/1981 5/13/2005
Rukl, Ltd. Subsidary 4/11/1984 5/13/2005
Riggs Investment Advisors Inc Subsidary 5/20/1988 5/13/2005
Rnb Property Company, Inc. Subsidary 3/26/1992 5/13/2005
Rpc Holding Company Subsidary 10/9/1996 5/13/2005
Pnc Cta, Inc. Subsidary 10/27/1997 5/13/2005
Riggs Insurance Agency, Inc. Subsidary 10/5/1998 5/13/2005
Rreic Holdings Inc. Subsidary 3/26/1999 5/13/2005
Rnc 2012 Llc Subsidary 10/24/2002 5/13/2005
Riggs National Trust Company Subsidary 3/29/2005 5/13/2005
Riggs Bank And Trust Company (Channel Islands), Limited Subsidary 9/1/2000 3/17/2005
Riggs International Banking Corporation Subsidary 5/31/1981 12/31/2004
Riggs Bank And Trust Company (Bahamas) Limited Subsidary 11/30/1988 12/31/2004
Riggs National Bank (Europe) S. A., The Subsidary 9/1/1990 12/29/2000
G R H Corporation Subsidary 7/26/1989 12/16/1992
Rbm - Hampton, Inc. Subsidary 8/24/1992 8/30/1992
Rbv-Inc. Subsidary 2/27/1990 5/31/1992
Rbv-Car, Inc. Subsidary 10/1/1990 5/31/1992
Rnb - Patuxent, Inc. Subsidary 10/3/1990 5/31/1992
Rc Holdings Limited Partnership Subsidary 8/31/1990 5/31/1992
Riggs Equities, Inc. Subsidary 9/24/1990 5/31/1992
Rbv-Reston, Inc. Subsidary 4/30/1991 5/31/1992
Rvm-4720, Inc. Subsidary 6/10/1991 5/31/1992
Rbm, Inc. Subsidary 3/21/1991 5/31/1992
Rbm - K, Inc. Subsidary 9/10/1991 5/31/1992
Rbm-Annapolis, Inc. Subsidary 9/13/1991 5/31/1992
Rbm-Ff, Inc. Subsidary 9/10/1991 5/31/1992
Rbv-Ff, Inc. Subsidary 9/10/1991 5/31/1992
Rbv-Hillendale, Inc. Subsidary 9/17/1991 5/31/1992
Rbv - 50/123, Inc. Subsidary 10/16/1991 5/31/1992
Rbv-Exeter Commercial, Inc. Subsidary 10/21/1991 5/31/1992
Rbm - Zetts, Inc. Subsidary 11/1/1991 5/31/1992
Rbv - Walney Road Corporate Center, Inc. Subsidary 11/6/1991 5/31/1992
Rbv - Glen Apartment, Inc. Subsidary 11/13/1991 5/31/1992
Rbm-Sunrise Village Shopping Center, Inc. Subsidary 11/13/1991 5/31/1992
Rbv - Nelms, Inc. Subsidary 11/26/1991 5/31/1992
Rbv-Chantilly, Inc. Subsidary 11/26/1991 5/31/1992
Rbm-Highland Meadows, Inc. Subsidary 12/11/1991 5/31/1992
Rbm-Clarksburg, Inc. Subsidary 12/11/1991 5/31/1992
Rbm-Bowie New Town, Inc. Subsidary 11/26/1991 5/31/1992
Rbm-Bowie New Town Limited Partnership Subsidary 11/26/1991 5/31/1992
Rbd-1220 13Th Street, Inc. Subsidary 12/18/1991 5/31/1992
Rbm - Leasing, Inc. Subsidary 6/5/1991 5/31/1992
Rbv - Regency, Inc. Subsidary 2/27/1992 5/31/1992
Rbv-Battlefield, Inc. Subsidary 1/29/1992 5/31/1992
Rbv-Bluff, Inc. Subsidary 1/29/1992 5/31/1992
Rbv - 8550 Merrifield, Inc. Subsidary 2/12/1992 5/31/1992
Rbv-Devon Green, Inc. Subsidary 2/27/1992 5/31/1992
Rbv - Sulley Ii, Inc. Subsidary 3/13/1992 5/31/1992
Rbv - Sulley, Inc. Subsidary 2/27/1992 5/31/1992
Rbd-Kg, Inc. Subsidary 1/29/1992 5/31/1992
Rbm-Starr, Inc. Subsidary 3/3/1992 5/31/1992
Rbv - Fullerton, Inc. Subsidary 1/14/1992 5/31/1992
Rbv-Property, Inc. Subsidary 5/4/1992 5/31/1992
Rbv-Pinnacle Ryan, Inc. Subsidary 5/4/1992 5/31/1992
Rbv-Saddle Run, Inc. Subsidary 5/4/1992 5/31/1992
Rbm-Pacc, Inc. Subsidary 5/19/1992 5/31/1992
Rbf - Ff, Inc. Subsidary 9/10/1991 5/31/1992
Rbm-Ritchie Road, Inc. Subsidary 7/19/1991 3/25/1992
Riggs Financial Corporation And Subsidiaries Subsidary 5/31/1981 3/31/1991
Washington Brokerage Services, Inc. Subsidary 8/10/1990 12/11/1990
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