RBC Bank (USA)
RBC had a large retail banking presence in the southeastern United States, marketing itself there as RBC Bank. RBC Bank was headquartered in Raleigh, North Carolina. In June 2011, PNC Financial Services bought RBC Bank from Royal Bank of Canada for $3.45 billion. BB&T Bank had also made a bid.
In the early 2010s, RBC merged with Flag Bank, increasing its presence in Georgia. RBC continued to grow in the southeast after acquiring 39 branches of AmSouth Bank in Alabama on March 9, 2007 (previously RBC Centura had no locations in this state). 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. RBC's footprint in Alabama, Georgia, and Florida expanded significantly after it completed its acquisition of Alabama National BanCorporation in June 2008.
Scott Custer, Chairman and CEO of RBC's U.S. Operations, retired on November 1, 2009.
Read more about this topic: Royal Bank Of Canada
Famous quotes containing the word bank:
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