RBC Bank, now part of PNC Bank, was the United States-based retail banking division of the Royal Bank of Canada. The headquarters for the bank was located in Raleigh, North Carolina. Banking centers and automated teller machines were located throughout the Southeastern United States. The company's largest operations were in North Carolina and Alabama.
On June 19, 2011, PNC Financial Services agreed to buy RBC Bank USA from Royal Bank of Canada for $3.45 billion. The sale of RBC Bank was expected to close in March 2012, subject to receipt of regulatory approval and customary closing conditions. Upon acquisition, all RBC Bank branches will be rebranded as PNC branches and the RBC Bank brand will become dormant for US customers. (A Canadian division is set up in Georgia for Canadian accounts)
Read more about RBC Bank: History
Famous quotes containing the word bank:
“Good resolutions are useless attempts to interfere with scientific laws. Their origin is pure vanity. Their result is absolutely nil. They give us, now and then, some of those luxurious sterile emotions that have a certain charm for the weak.... They are simply cheques that men draw on a bank where they have no account.”
—Oscar Wilde (1854–1900)