Yup.
Indefinite break (1998-2000)
Following the breakup, each band member devoted time to his own solo projects. Ballew was the most prolific of the three, releasing albums with The Giraffes and The Tycoons, two of his side projects. Dederer collaborated with former Guns N' Roses bassist Duff McKagan as The Gentlemen, and Finn played drums for several bands, including The Nevada Bachelors and Love Battery, his original band.
The Presidents also collaborated with Sir Mix-A-Lot as Subset, a short-lived rock and hip-hop band. They had a brief tour and recorded several songs, but never released an album. The band broke up because Sir Mix-A-Lot wanted to take the band in a harder, more electronic direction, but Finn and Dederer were not interested.
But now the original band is back together.