WASHINGTON — Following the abrupt departure of its top executive on Monday, Riggs National Corp. named Lawrence Hebert chief executive, named Tony Terracciano nonexecutive chairman, and also named Thomas Fitzgerald chairman of Riggs Bank NA.
Former Chairman and Chief Executive Robert Allbritton resigned both posts following a money-laundering scandal and the company's pending acquisition by PNC Financial Services Group Inc. (PNC). Allbritton also served as chairman of Riggs Bank NA.
Hebert is currently president and chief executive of Riggs Bank NA.
Terracciano first joined the Riggs National board in May.
Fitzgerald, currently a partner in Groom Law Group in Washington D.C., has served on the Riggs Bank board since 1999.
Robert Sloan continues as vice chairman of Riggs National.
All appointments are subject to regulatory approvals, the bank holding company said in a press release Wednesday.
A company representative wasn't immediately available to say who would fill the three newly appointed executives' former positions.
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