RIGGS NATIONAL CORPORATION
EXECUTIVE, RISK MANAGEMENT AND
BUDGET COMMITTEE CHARTER

I. Purpose

The Board of Directors (the “Board”) of Riggs National Corporation (the “Corporation”) has created a committee of directors to be known as the Executive, Risk Management and Budget Committee (“Committee”).

The primary goal of the Committee is to ensure the efficient functioning of the Corporation when action by the Board is required between Board meetings, to oversee the Corporation’s Risk Management function and to assist the Corporation in fulfilling its responsibilities in preparing an annual financial budget for the organization.

II. Membership

III. Meetings and Procedures

IV. Duties and Responsibilities. The Committee will take the following actions, to the extent it deems necessary or appropriate.