History
On November 2, 1990, Peoples Bancorp and Planters Corp., of Rocky Mount, North Carolina, merged to form Centura Banks. In June 2001, Centura Banks was acquired by Royal Bank of Canada and rebranded as RBC Centura. RBC announced on January 17, 2008 that it would abandon the "Centura" brand in April 2008 and the U.S. operations would operate as RBC Bank. Over 1000 employees continued to work in Rocky Mount as of 2011, in such areas as information technology and mortgage processing.
On June 19, 2011, PNC Financial Services agreed to purchase RBC bank for $3.45 billion. The purchase price represents a $112 million discount to the book value of the unit. BB&T Bank also made a bid.
Read more about this topic: RBC Bank
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