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:
“I have passed down the river before sunrise on a summer morning, between fields of lilies still shut in sleep; and when, at length, the flakes of sunlight from over the bank fell on the surface of the water, whole fields of white blossoms seemed to flash open before me, as I floated along, like the unfolding of a banner, so sensible is this flower to the influence of the sun’s rays.”
—Henry David Thoreau (1817–1862)