Riggs National Corp. is trading near a 52-week high on takeover rumors that analysts say are sure to disappoint speculators.

The $4.8 billionasset bank is still recovering from problem loans and struggling to remake itself amid unprecedented competition in its Washington, D.C., market. The rally in Riggs stock comes just three months after respected, banker PaUl Homan abruptly resigned as CEO. Mr. Homan had been hired to turn the company around.

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