Riggs Bank

In 1992, President Fernando Collor de Mello of Brazil resigned before being impeached for corruption; millions of dollars were discovered at the Washington-based Riggs Bank in the name of the Chilean dictator Augusto Pinochet; and Mexican presidents, dating back to the late '40s, are suspected of ...

"When I saw Riggs Bank sell, I sensed there would be an opening in the community for a private bank and a business bank that was creative, client-focused and entrepreneurial and had significant resources," Goldsmith said in an interview at the bank's new 9,000-square-foot regional office at 2001 M St.

Brown had established and managed a group specializing in lending to government contractors at Riggs Bank and, after Riggs was acquired by PNC Financial Services Group Inc., was a group manager for a decade at PNC (NYSE:PNC). He most recently was managing director and greater Washington ...

The United States Senate's Permanent Subcommittee on Investigations found in 2004 that the Washington-based Riggs Bank, now closed, which had helped the Chilean dictator Augusto Pinochet transfer huge amounts of money to offshore shell companies, provided similar services to the Obiang family.

In 2015, the nonpartisan Milken Institute spent $55.5 million to acquire 730 15th and the 5,000-square-foot Bank of America branch at 1501 Pennsylvania Ave. NW. A year earlier, the Milken Family Foundation paid $31 million for the historic Riggs Bank Corcoran branch at 1503-05 Pennsylvania Ave. NW.

Riggs Bank was a Washington institution for over a hundred years. More than 20 U.S. Presidents—from Lincoln to Nixon—banked at Riggs, whose headquarters across the street from the Treasury Department was pictured on the back of the old $10 dollar bill.

The historic Pennsylvania Avenue headquarters of Riggs National Bank will be placed on the market as soon as next week by its current owner, PNC Financial Services Group. The Corcoran Branch, at 1503-1505 Pennsylvania Ave. NW, was added to the National Register of Historic Places in 1973.

What's a 25-year-old bank statement worth? If it's from a foreign Riggs Bank account and seems to reveal an $8 million money laundering transaction, it could be worth a decent chunk of change. At least, that's what Riad Imam hopes. Imam's bank statement from February 1988 shows $8 million being ...