Riggs National Corp. has made Tony Terracciano its chairman and Lawrence I. Hebert its president and chief executive officer.
The troubled Washington company announced the moves late Wednesday, three days after Robert L. Allbritton resigned from both jobs.
Their tenure could be brief, however. PNC Financial Service Group of Pittsburgh is buying the $5.9 billion-asset company for $652 million. That deal is expected to close by May 31, and it is unclear if Mr. Terraciano and Mr. Hebert will stay.
Mr. Terracciano, a turnaround specialist known as "Tony the Tiger" for his tough management style, became a member of the board in May 2004 while Riggs was under intense regulatory scrutiny over violations of the Bank Secrecy Act and anti-money-laundering rules.
Mr. Hebert has served as the president and CEO of Riggs Bank since February 2001 and will continue in those roles. Before joining Riggs he was the chairman and CEO of Allbritton Communications Co.
