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In 1971 it was the 18th largest capitalist bank in the world. Founded in 1869, the bank acquired its present name in 1901. The Royal Bank of Canada has its headquarters in Montreal. The bank is closely related to the monopolistic groups of various sectors of the country’s economy as well as with British and American finance capital. In particular, it is allied with the Rockefeller group and with its oil companies Standard Oil and Imperial Oil. In 1972 the bank had 1,289 branches in Canada and 121 branches and agencies abroad, mainly in Latin America. The bank is part of a number of large international banking groups. In October 1972 the bank had a balance sum (in Canadian dollars) of $14.8 billion, capital and reserves of $658 million, current accounts and deposits of $13.5 billion, loans of $8.1 billion, cash on hand and accounts with other banks of $3.7 billion, and a securities portfolio of $2.3 billion. The new RBC Mortgage: after ditching a net branch model, RBC Mortgage is now ready to grow its wholesale channel and continue expanding affiliated business arrangements. Rbc centura bank rbc morgan crossing News Releases RBC Centura expands footprint in fast-growing Southeastern U. S. Acquires 39 AmSouth branches in Alabama. RALEIGH, NC, November 1, 2006 — RBC Centura Bank, a wholly owned subsidiary of Royal Bank of Canada RY on NYSE and TSX, and AmSouth Bancorporation ASO on NYSE today announced the signing of an agreement pursuant to which RBC Centura Bank will acquire 39 branches in. When you bank online - or even with your mobile phone - you can easily check your balances, view your transactions or statements, pay bills and transfer funds at any time – wherever and whenever it’s convenient for you. And when you use RBC Online Banking, you also have access to myFinanceTracker – an online money management tool that. Rbc Centura Bank is a Texas General Business filed on January 1, 2003. The company's filing status is listed as Active and its File Number is 0003318403. The Registered Agent on file for this company is Not On File. The company's principal address is 3201 Beechleaf Ct Ste 700, Raleigh, NC 27604-1548. This name change brings into a focus an interesting naming phenomenon in the financial industry: redundant acronyms. ATM stands for “automatic teller machine,” so why is there the extra “machine? ” Same thing with “PIN number.” Then there’s the DHCU Community Credit Union and DFCU Financial Credit Union. RBC Name Change Brings New Brand This most recent name change gave the bank the opportunity to rebrand with a new look and new slogan: The “Let’s do something giant” tagline is intended to suggest themes such as “partnering together” and “major accomplishments,” but it could also evoke notions of “bigbankness.” The word “giant” is different and unexpected, but it also seems to run counter to today’s prevailing “think-small-and-save” mindset.


RALEIGH, NC, November 1, 2006 — RBC Centura Bank, a wholly owned subsidiary of Royal Bank of Canada (RY on NYSE and TSX), and Am South Bancorporation (ASO on NYSE) today announced the signing of an agreement pursuant to which RBC Centura Bank will acquire 39 branches in Alabama owned by Am South Bank. "Key Alabama markets closely resemble other diverse and growing markets in which RBC Centura has had a long-time presence and solid understanding." The Alabama economy has grown faster than the broader U. economy since 2001, a trend that is expected to continue. The acquisition, which is expected to be completed in March 2007, is subject to customary closing conditions, including approval by U. In addition, job growth in the state has been faster than the national average since early 2004 and business spending through 2006 is expected to continue to be strong. "Alabama is a strategic and logical extension of our current footprint and banking center network," said Scott Custer, chief executive officer of RBC Centura. "This acquisition provides us with an attractive client and business base that supports RBC Centura's overall strategy of disciplined, affordable investments to expand our distribution network," said Custer. Acquiring the 39 branches provides RBC Centura with immediate scale and assets in Alabama, making RBC Centura the state's seventh largest financial institution by deposits. Combined, the 39 branches RBC Centura is acquiring have approximately $1.5 billion in loans and $2.0 billion in deposits as of July 31, 2006. The branches are being divested by Am South, as a result of the pending merger between Am South and Regions Financial Corp., and their agreement with the U. Department of Justice and the Federal Reserve Board. All employees of the branches will be offered positions at RBC Centura. "This acquisition satisfies our criteria for finding opportunities that have a good economic, strategic and cultural fit. Moving into Alabama with immediate scale and opportunity is an exciting milestone for RBC Centura that complements our growth strategies in the region, including our de novo branch approach in high-growth markets in the Southeastern U. This is the second acquisition that RBC Centura has announced in 2006. In August, RBC Centura announced its intention to acquire Flag Financial Corporation, which operates 17 branches serving approximately 22,000 households in the metro Atlanta, central and western areas of Georgia. operations include: RBC Dain Rauscher, a full-service securities firm; RBC Insurance, a national provider of insurance protection and asset accumulation solutions; RBC Capital Markets, with corporate and investment banking operations in New York, Minneapolis, San Francisco, Houston and other select U. locations; and Global Private Banking with offices in New York, Miami, Houston and San Francisco. The Flag transaction is tracking on schedule to close December 8, 2006. About RBC Centura Bank RBC Centura offers a wide range of financial services and advice, including a complete line of banking, investment, loan, mortgage, life insurance, and other services, to individuals, businesses and public institutions throughout the Southeast. RBC Centura's multifaceted customer access network includes more than 270 full-service banking centers, an extensive ATM network, and telephone and Internet banking. In addition, RBC Centura offers builder finance products through telephone and Internet banking. RBC Centura Bank is a wholly owned subsidiary of Royal Bank of Canada (RBC). According to the Federal Reserve Board, RBC Centura is the 50th largest U. Additional information about RBC Centura may be found at About RBC Royal Bank of Canada (RY on NYSE and TSX) uses the initials RBC as a prefix for its businesses and operating subsidiaries, which operate under the master brand name of RBC Financial Group. Royal Bank of Canada is Canada's largest bank as measured by market capitalization and assets, and is one of North America's leading diversified financial services companies. It provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services on a global basis. The company employs approximately 70,000 full and part-time employees who serve more than 14 million personal, business and public sector clients through offices in North America and some 30 countries around the world. Media Contacts: Kristen Doherty, RBC Centura, (919) 788-6076, ### Safe Harbor Regarding Forward-Looking Statements Certain statements contained in this press release may be deemed to be forward-looking statements under certain securities laws, including the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities legislation, and Royal Bank of Canada ("RBC") intends that such forward-looking statements be subject to the safe-harbor created thereby. The words "may," "could," "should," "would," "suspect," "outlook," "believe," "plan," "anticipate," "estimate," "expect," "intend," "forecast," "objective" and words and expressions of similar import are intended to identify forward-looking statements. By their very nature, forward-looking statements involve numerous assumptions, and inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other forward-looking statements, including statements about the proposed acquisition of branches from Am South Bancorporation ("Am South") by RBC Centura, will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause our actual results to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to the possibility that the proposed transaction does not close when expected or at all because required regulatory, shareholder or other approvals are not received or other conditions to the closing are not satisfied on a timely basis or at all, that RBC Centura and Am South may be required to modify the terms and conditions of the proposed transaction to achieve regulatory approval, that the Alabama economy and business spending does not continue to grow as expected, or that the anticipated benefits of the transaction are not realized as a result of such things as the strength of the economy and competitive factors in the areas where the AMSouth branches do business; the impact of changes in the laws and regulations regulating financial services and enforcement thereof (including banking, insurance and securities); judicial judgments and legal proceedings; RBC Centura's ability to complete the acquisition of the branches and to integrate them with RBC Centura successfully; reputational risks, and other factors that may affect future results of RBC including changes in trade policies, timely development and introduction of new products and services, changes in tax laws, and technological and regulatory changes. We caution that the foregoing list of important factors is not exhaustive. RBC assumes no obligation to update the forward-looking statements contained in this press release. Expectations of the Alabama economy and business spending are based on our review of publicly available third party economic analysis and reports. RBC Bank is the trading name of RBC Bank (Georgia), N. A., the United States-based retail banking division of the Royal Bank of Canada (RBC) which is targeted toward Canadian snowbirds, expatriates, and frequent tourists. The brand name was originally used by (formerly RBC Centura), formed in 2001 when RBC acquired the Raleigh, North Carolina-based Centura Bank. In June 2001, Royal Bank of Canada acquired Centura Banks and rebranded them as RBC Centura. In 2012, RBC Bank USA's banking division for American clients was sold to PNC Financial Services while RBC's cross-border banking services for Canadians were transferred to the newly incorporated RBC Bank (Georgia), N. RBC announced on January 17, 2008, that it would abandon the "Centura" brand in April 2008 and the unit would operate as RBC Bank. RBC Centura purchased Tucker Federal Bank parent company Eagle Bancshares in 2002, giving it a more substantial customer base in the Atlanta area after its 1998 purchase of Security First Network Bank which had only one office. The bank merged with Flag Bank, increasing its presence in Georgia. RBC continued to grow in the Southeast after acquiring 39 branches of Birmingham, Alabama-based Am South Bank on March 9, 2007. Previously, RBC Centura had no locations in Alabama. approval February 5, 2008, and on April 14, 51 branches re-opened as RBC Bank. ANB operated in three states through eleven different subsidiaries. RBC's footprint in Alabama, Georgia, and Florida expanded significantly after its acquisition of Alabama National Ban Corporation (ANB). Construction of the RBC Plaza, now PNC Plaza, in 2008, was not the first major move by RBC to become a major part of the community in Raleigh, NC. In 2002, RBC purchased the naming rights for the Raleigh Entertainment & Sports Arena, home to the Carolina Hurricanes of the National Hockey League and North Carolina State University basketball. The arena became the RBC Center, with a 20-year lease at a cost of $80 million. In June 2006, the RBC Center hosted the NHL's Stanley Cup Finals, and on June 19, 2006, the Carolina Hurricanes defeated the Edmonton Oilers in the arena to win the Stanley Cup. PNC acquired the naming rights with the purchase of RBC, and the name changed to PNC Arena on March 15, 2012. At the time PNC acquired RBC, it had a total of 5,000 employees with 500 located in the Raleigh area. In November 2007, RBC Centura was involved in the "Dunmore Homes" project in Sacramento, California, that stopped all construction on August 8, 2007, due to liquidity issues with the home builder. The company was subsequently sold to a mortgage loan officer for $500 and quickly incorporated in New York. After details of the sale became known to RBC Centura Bank, a major Dunmore Homes creditor, the bank sued on November 7. The company alleged in a lawsuit filed in Fresno County that the sale of all the assets for a mere $500 was not adequate and was done to "hinder, delay and defraud the creditors," including RBC. RBC financed four Dunmore projects from Bakersfield to Yuba City. It loaned Dunmore Homes a total of $105 million and, according to an affidavit by a Dunmore Homes official, is still owed $39 million. As collateral, it has secured claims against those projects. But the company says the value of a Fresno project is less than the outstanding loan balance. Nine major lenders, including RBC, are owed a combined total of $196 million on Dunmore Homes' 26 new-home communities, according to the builder. Upon acquisition, all RBC Bank branches were rebranded as PNC branches and the RBC Bank brand became dormant for US customers. RBC Insurance, RBC Wealth Management and RBC Investing remained subsidiaries of RBC. Rbc centura bank royal bank online banking Get directions, reviews and information for Rbc Centura Bank in Atlanta, GA. Centura Bank was a bank headquartered in Rocky Mount, North existed from 1990, when Peoples Bancorp and Planters Bank merged, to 2001, when the Royal Bank of Canada acquired the company and changed its name to RBC Centura News Releases RBC Centura expands footprint in fast-growing Southeastern U. S. Acquires 39 AmSouth branches in Alabama. RALEIGH, NC, November 1, 2006 — RBC Centura Bank, a wholly owned subsidiary of Royal Bank of Canada RY on NYSE and TSX, and AmSouth Bancorporation ASO on NYSE today announced the signing of an agreement pursuant to which RBC Centura Bank will acquire 39 branches in. You are on: Corporate Profile For more than 100 years, RBTT has been building strong businesses in the Caribbean, creating and delivering a comprehensive range of quality financial services through well-trained and committed staff.