Months after
Months after it first filed to undertake a rights offering, Riggs National Corp. is still waiting for a green light from the Securities and Exchange Commission.
The regulatory agency spent several weeks reviewing the initial filing, so Riggs did not receive the SEC's comments until the second quarter was nearly over.
Accordingly, the bank waited until its second-quarter results had been released to amend the filing.
"It's moving kind of slowly, but we still intend to do this," a spokesman said.
