Move on to Oust Chief Of Washington Bancorp; Shareholder Group Opens Surprise Coup Drive

From: The Washington Post | Date: October 8, 1988| Author: | Copyright information

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 Hawaii, Washington and two other board members with large stakes in the bank notified the Securities and Exchange Commission of their intent to try to get rid of him.

Through a spokesman, Hodges said he has "absolutely no intention of resigning," apparently signaling a fight for control of the $1.8 ...

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