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By Stephen Labaton and Stephen Labaton,New York Times News Service | March 12, 1991
WASHINGTON -- The nation's senior banking regulator, L. William Seidman, came under heavy attack yesterday at a congressional hearing on the plight of bank workers who lost their jobs and benefits after their institutions collapsed.The case under examination was that of the National Bank of Washington, which was sold to the Riggs National Bank in August at an expected cost to the federal bank insurance fund of $300 million.When Riggs took over, it dismissed hundreds of employees and denied them severance benefits, accrued vacation time and insurance.
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NEWS
April 12, 1999
PeopleRobert W. Locke III has been promoted to executive vice president, business banking, at the Columbia Bank, headquartered in Howard County. Locke, who was formerly senior vice president of business banking, is one of the founding members of the bank, which began operations in 1987. Before joining the bank, he was employed with Maryland National Bank and the National Bank of Washington. He began his career teaching reading in the New York City school system.Michael Andrews, Haener Elie, Terri-Ann Jones, Carianne Pittman, Seong Lee, Art Anderson, Brandy Smith, Elizabeth Trollinger, Stacey Lincoln and Joe D'Alonzo -- all employees of Columbia-based Amerix Corp.
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NEWS
April 12, 1999
PeopleRobert W. Locke III has been promoted to executive vice president, business banking, at the Columbia Bank, headquartered in Howard County. Locke, who was formerly senior vice president of business banking, is one of the founding members of the bank, which began operations in 1987. Before joining the bank, he was employed with Maryland National Bank and the National Bank of Washington. He began his career teaching reading in the New York City school system.Michael Andrews, Haener Elie, Terri-Ann Jones, Carianne Pittman, Seong Lee, Art Anderson, Brandy Smith, Elizabeth Trollinger, Stacey Lincoln and Joe D'Alonzo -- all employees of Columbia-based Amerix Corp.
BUSINESS
By Bloomberg Business News | May 26, 1993
WASHINGTON -- Paul Homan, former president and chief executive of First Florida Banks Inc., will likely be named president and chief executive of troubled Riggs National Bank of Washington, Riggs said yesterday.The search committee of Riggs' board of directors has recommended to the full board that Mr. Homan be named to the positions, the bank said. If approved by the board, Mr. Homan's appointment will take effect June 9.Mr. Homan, 53, restructured the $5.5 billion First Florida Banks, resolved the company's asset quality problems and returned it to profitability.
BUSINESS
By Peter H. Frank | March 14, 1991
James Madison Ltd., a beleaguered bank holding company in Washington, said its board had voted to merge three of its banking subsidiaries under the single banner of Madison National Bank.The company, which has replaced most of its senior executives in past months, said that under the plan the Madison Bank of Maryland and the United National Bank of Washington would become part of Madison National."In keeping with the need of this organization to remain competitive in the Washington, D.C., market," Michael F. Ryan, who was elected chairman and chief executive Feb. 25, said, "I believe this merger is the appropriate response to current economic and regulatory challenges facing each institution."
BUSINESS
By Bloomberg Business News | May 26, 1993
WASHINGTON -- Paul Homan, former president and chief executive of First Florida Banks Inc., will likely be named president and chief executive of troubled Riggs National Bank of Washington, Riggs said yesterday.The search committee of Riggs' board of directors has recommended to the full board that Mr. Homan be named to the positions, the bank said. If approved by the board, Mr. Homan's appointment will take effect June 9.Mr. Homan, 53, restructured the $5.5 billion First Florida Banks, resolved the company's asset quality problems and returned it to profitability.
BUSINESS
By Joan Jacobson and Joan Jacobson,Staff Writer | February 26, 1992
Harrison's Pier V, an Inner Harbor hotel and restaurant heavily financed with tax dollars, owes Baltimore $1.3 million in delinquent property taxes and loan payments.The unpaid taxes and penalties alone total $720,408 for 1990 and 1991.In addition, the city is liable for a $6.6 million guarantee on Harrison's first mortgage because the owners are delinquent on payments to the National Bank of Washington.Baltimore also has had to dip into funds earmarked for housing and poverty programs because Harrison's missed payments of a federal loan guaranteed by the city.
NEWS
December 25, 1992
Martin S. ThalerWashington lawyerMartin S. Thaler, a partner in a Washington law firm and an adjunct professor at Georgetown University Law Center, died Monday at Washington Hospital Center of complications from abdominal surgery. He was 60 and lived in Clarksville.Mr. Thaler was born in 1932 in Brooklyn, N.Y. He graduated in 1953 from the College of the City of New York and later served as a corporal in the Army Signal Corps.After graduating from the Yale University Law School in 1958, he worked as a clerk for Judge Luther W. Youngdahl of the U.S. District Court for the District of Columbia.
NEWS
By New York Times News Service | November 4, 1991
WASHINGTON -- The senator who has led the congressional investigation into the Bank of Credit and Commerce International says that while his inquiries have etched the broad outlines of wrongdoing at the bank, the Bush administration and the Justice Department are dragging their feet on prosecuting the wrongdoers.Sen. John F. Kerry, D-Mass., said he had prodded Justice officials to act against BCCI since early 1989, when he turned over to the department tape-recorded conversations of bank employees and other evidence of crimes.
BUSINESS
By Ross Hetrick and Ross Hetrick,Evening Sun Staff | November 28, 1990
In its continuing effort to cut costs, the troubled MNC Financial Inc. today said it is asking federal regulators for permission to merge its American Security Bank of Washington into its Maryland National Bank subsidiary.With $6 billion in assets, American Security is the second largest bank headquartered in Washington, according to MNC's 1989 annual report. Under the proposal, American Security will move its headquarters to Maryland then merge into Maryland National, the state's largest bank.
NEWS
December 25, 1992
Martin S. ThalerWashington lawyerMartin S. Thaler, a partner in a Washington law firm and an adjunct professor at Georgetown University Law Center, died Monday at Washington Hospital Center of complications from abdominal surgery. He was 60 and lived in Clarksville.Mr. Thaler was born in 1932 in Brooklyn, N.Y. He graduated in 1953 from the College of the City of New York and later served as a corporal in the Army Signal Corps.After graduating from the Yale University Law School in 1958, he worked as a clerk for Judge Luther W. Youngdahl of the U.S. District Court for the District of Columbia.
BUSINESS
By Joan Jacobson and Joan Jacobson,Staff Writer | February 26, 1992
Harrison's Pier V, an Inner Harbor hotel and restaurant heavily financed with tax dollars, owes Baltimore $1.3 million in delinquent property taxes and loan payments.The unpaid taxes and penalties alone total $720,408 for 1990 and 1991.In addition, the city is liable for a $6.6 million guarantee on Harrison's first mortgage because the owners are delinquent on payments to the National Bank of Washington.Baltimore also has had to dip into funds earmarked for housing and poverty programs because Harrison's missed payments of a federal loan guaranteed by the city.
NEWS
By New York Times News Service | November 4, 1991
WASHINGTON -- The senator who has led the congressional investigation into the Bank of Credit and Commerce International says that while his inquiries have etched the broad outlines of wrongdoing at the bank, the Bush administration and the Justice Department are dragging their feet on prosecuting the wrongdoers.Sen. John F. Kerry, D-Mass., said he had prodded Justice officials to act against BCCI since early 1989, when he turned over to the department tape-recorded conversations of bank employees and other evidence of crimes.
BUSINESS
By Ross Hetrick and Ross Hetrick,Evening Sun Staff | April 16, 1991
In a massive turnover, 17 of the 26 members of the board of MNC Financial Inc. have stepped down. Ten directors resigned during the year and seven will not run for re-election, according to the proxy statement for the bank-holding company's annual meeting on May 16.The statement, which was recently sent to stockholders, also disclosed that the board is being pared from 26 to 18 people. Among the nine new directors standing for election are A. Linwood Holton Jr., a former governor of Virginia, and Paul X. Kelley, former commandant of the Marine Corps.
BUSINESS
By Peter H. Frank | March 14, 1991
James Madison Ltd., a beleaguered bank holding company in Washington, said its board had voted to merge three of its banking subsidiaries under the single banner of Madison National Bank.The company, which has replaced most of its senior executives in past months, said that under the plan the Madison Bank of Maryland and the United National Bank of Washington would become part of Madison National."In keeping with the need of this organization to remain competitive in the Washington, D.C., market," Michael F. Ryan, who was elected chairman and chief executive Feb. 25, said, "I believe this merger is the appropriate response to current economic and regulatory challenges facing each institution."
BUSINESS
By Stephen Labaton and Stephen Labaton,New York Times News Service | March 12, 1991
WASHINGTON -- The nation's senior banking regulator, L. William Seidman, came under heavy attack yesterday at a congressional hearing on the plight of bank workers who lost their jobs and benefits after their institutions collapsed.The case under examination was that of the National Bank of Washington, which was sold to the Riggs National Bank in August at an expected cost to the federal bank insurance fund of $300 million.When Riggs took over, it dismissed hundreds of employees and denied them severance benefits, accrued vacation time and insurance.
BUSINESS
By Ross Hetrick and Ross Hetrick,Evening Sun Staff | April 16, 1991
In a massive turnover, 17 of the 26 members of the board of MNC Financial Inc. have stepped down. Ten directors resigned during the year and seven will not run for re-election, according to the proxy statement for the bank-holding company's annual meeting on May 16.The statement, which was recently sent to stockholders, also disclosed that the board is being pared from 26 to 18 people. Among the nine new directors standing for election are A. Linwood Holton Jr., a former governor of Virginia, and Paul X. Kelley, former commandant of the Marine Corps.
BUSINESS
By Ross Hetrick and Ross Hetrick,Evening Sun Staff | November 28, 1990
In its continuing effort to cut costs, the troubled MNC Financial Inc. today said it is asking federal regulators for permission to merge its American Security Bank of Washington into its Maryland National Bank subsidiary.With $6 billion in assets, American Security is the second largest bank headquartered in Washington, according to MNC's 1989 annual report. Under the proposal, American Security will move its headquarters to Maryland then merge into Maryland National, the state's largest bank.
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