Summary
Rohr: Riggs is the market-share leader in Washington, D.C., which has the highest household income of any community in the country, and a population growth of 8.4% a year. So it's the wealthiest and fastest-growing economy in the U.S. In addition, it is contiguous to our footprint. It was a unique opportunity for us to move to D.C., which we've been trying to do for four years. We were trying to buy Riggs, but it wouldn't have been for sale if it hadn't been for its regulatory problems....
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Extract
On Banking Here and in Washington, D.C.
NJBIZ: A lot of people see a slowing of the U.S economy. Do you share those concerns?
Rohr: I think the economy's pretty strong. We had close to 5% real growth in the first quarter. It may not be that strong in the second or third quarter. But 2% to 3% real growth is a good n...See the full content of this document
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