Jeanne Delaney Hubbard has resigned as chairwoman, president, and chief executive officer of Abigail Adams National Bancorp Inc. in Washington.
Ms. Hubbard also resigned as president and CEO of The Adams National Bank, the company's main bank subsidiary. It also owns Consolidated Bank and Trust Co. in Richmond, Va.
No reason was given for her resignation in a Tuesday press release. The company said it was seeking successors for president and CEO of the company and bank.
Ms. Hubbard had been the chairwoman, president, and CEO of the $448 million-asset company since 1998. She became president and CEO of The Adams National Bank in November 2005.
In the second quarter, the company earned $83,000, down 88% from the year earlier due primarily to an $895,000 rise in its loan-loss provision.
In August, the company suspended its 12.5-cent-per-share quarterly dividend.
It remains well capitalized, with a risk-based capital ratio of 10.1% in the second quarter.
