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RIBC |
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Riggs terminated the operations of Riggs International Banking Corporation ("RIBC"), Miami, Florida, the Edge Act subsidiary of Riggs Bank, during the third quarter of 2004, and RIBC surrendered its permit in December 2004. As Riggs previously announced, RIBC will be closed as part of the Company's efforts to reduce risk exposure and focus its resources on domestic banking in the growing Washington, D. |
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