Hearing Many Shoes Drop at NBW From: The Washington Post | Date: April 16, 1990| Author: RUDOLPH A. PYATT JR. | Copyright 1990 The Washington Post. This material is published under license from the Washington Post.  All inquiries regarding rights should be directed to the Washington Post.Copyright information

There simply doesn't seem to be any end to the troubles at the National Bank of Washington. Recent disclosures of earnings and legal problems strongly indicate that difficulties at the bank run much deeper than they first appeared.

With federal prosecutors investigating what role, if any, the bank may have had in a money-laundering scheme, a good many observers seem to be waiting for the other shoe to drop. But then those who have followed the bank closely over the past 20 years or...

Related newspaper, magazine, and journal articles from HighBeam Research

	Washington May Bid for NBW Parent; Foe of Hodges Owns At Least 5% of WBC The Washington Post ; Robert B. Washington Jr., who had been involved in a protracted legal battle with Washington Bancorp, yesterday filed papers with the Securities and Exchange Commission saying that he is exploring the possibility of acquiring the bank holding company or taking it private. Washington, who is a
	Hodges Opponent Washington Dropped From NBW's Board The Washington Post ; Robert B. Washington Jr. lost his seat on the board of the National Bank of Washington yesterday, but apparently will remain on the board of its parent, Washington Bancorp. Washington, one of three directors who had attempted to oust Chairman Luther H. Hodges Jr., was not renominated for a one-year
	Ringside at Washington Bancorp's Fight The Washington Post ; Washington Bancorp's public brawl with one of its directors, Robert B. Washington Jr., continues to amuse and intrigue. Washington's ouster last week from the board of the National Bank of Washington, a subsidiary of Washington Bancorp, is but the latest episode in this tragicomedy. The bitter
	Move on to Oust Chief Of Washington Bancorp; Shareholder Group Opens Surprise Coup Drive The Washington Post ; A group of stockholders in Washington Bancorp led by prominent attorney Robert B. Washington Jr. yesterday launched a surprise coup attempt to oust Luther H. Hodges Jr. as chairman of the company, which owns the National Bank of Washington. While Hodges was en route to a bankers' convention in
	NBW Asks Dissident Director to Quit Board; Robert Washington Criticized in Report for Role in Securing Loan The Washington Post ; The boards of Washington Bancorp and its subsidiary, the National Bank of Washington, yesterday asked Robert B. Washington Jr. to resign as a director after receiving a report criticizing his role in a $10 million loan to his former law firm. Washington, who has been embroiled in a dispute with the
	Washington Bancorp Panel Says Director Breached Duty The Washington Post ; A special committee of the board of Washington Bancorp has accused a dissident director, Robert B. Washington Jr., of breaching his fiduciary duty by not disclosing the financial difficulties of his former law firm when the holding company's D.C. bank gave the firm a $10 million loan, according to
	Washington Bancorp Rejects Director's Offer The Washington Post ; ... money," said Charles W. Brodhead, an Alex. Brown & Sons broker. When financial news services reported that the investors were offering a package worth $23 a share, the news caused a flurry of activity in the stock, and trading was temporarily halted ...
	The Strife at Washington Bancorp The Washington Post ; Last week's attempted coup at Washington Bancorp may have established new marks for hypocrisy and sheer chutzpah. Power struggles have shaken the boardrooms of Washington banks before, but it's doubtful that any compare with the surprise attack on Washington Bancorp Chairman Luther H. Hodges Jr. by
	Another Round in Washington Bancorp Fight; Lawsuit Alleges That Hodges, Nine Others Mismanaged Company The Washington Post ; The third salvo has been fired in the legal battle at Washington Bancorp. Attorney Robert B. Washington Jr. and two limited partnerships he represents yesterday filed a civil suit alleging that WBC Chairman Luther H. Hodges Jr. and nine "cronies" on the board are guilty of mismanaging the National
	Washington Bancorp's Soap Opera Saga The Washington Post ; Could it be that the long and bitter saga at Washington Bancorp finally is about to conclude on a positive note? Or will the public and, more importantly, shareholders of the company become spectators to a farce as directors consider bids to buy the company? One thing seems certain at least.

See all results.