Search
 

Former NCUA Head to Take Position at Riggs Bank

WASHINGTON - An early chairman of the NCUA is being considered as a possible officer at Riggs Bank, an institution which has faced $25 million in fines for failing to follow federal money laundering regulations, according to stories in the Washington Post and wire services. The stories report that Lawrence...

By Staff Writer | Updated on May 11, 2004

WASHINGTON – An early chairman of the NCUA is being considered as a possible officer at Riggs Bank, an institution which has faced $25 million in fines for failing to follow federal money laundering regulations, according to stories in the Washington Post and wire services. The stories report that Lawrence Connell will be announced for a position after the bank reports its earnings. Connell is identified in the stories as a former head of NCUA and a former Treasury Department advisor on privatization and banking reform. No one from the bank would comment at press time.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2025 ALM Global, LLC. All Rights Reserved.