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History

 

Today’s RBC Bank is the product of more than 30 mergers and acquisitions since its founding in 1990. After beginning as a "merger of equals" between two regional bank holding companies with a combined century-long heritage, we’ve grown to become a leading regional bank over the past two decades.

Following is a timeline of corporate milestones and significant transactions and acquisitions:

November 1990 Peoples Bancorp and Planters Corp. form Centura Banks, Inc. in Rocky Mount, NC
September 1991 Centura acquired Watauga Savings and Loan Association, Inc. in Boone, NC
December 1991 Acquired Citizens Federal Savings and Loan in Rutherfordton, NC
March 1992 Acquired First Federal Savings Association in Raleigh, NC
January 1993 Acquired Orange Federal Savings Bank in Chapel Hill, NC
April 1993 Acquired Brevard Federal Savings and Loan Association in Brevard, NC
July 1993 Acquired Granite Savings Bank in Granite Falls, NC
October 1993 Acquired First American Federal Savings Bank in Greensboro, NC, and First Savings Bank in Forest City, NC
December 1993 Acquired First Charlotte Bank in Charlotte, NC, Canton Savings Bank in Canton, NC and Roberson Savings Bank in Lumberton, NC
June 1994 Acquired Mid-South Bank and Trust Company in Sanford, NC
March 1995 Acquired Cleveland Federal Bank in Shelby, NC
June 1995 Acquired First Southern Savings Bank in Asheboro, NC
February 1996 Acquired First Commercial Bank in Asheville, NC
August 1996 Acquired First Community Bank in Gastonia, NC
October 1996 Acquired First South Bank in Burlington, NC
March 1998 Expanded into South Carolina with the acquisition of Pee Dee State Bank in Timmonsville, SC
February 1999 Acquired Scotland Savings Bank in Laurinburg, NC
March 1999 Increased presence in Virginia with the acquisition of First Coastal Bank in Virginia Beach, VA
February 2000 Acquired Triangle Bancorp in Raleigh, NC and Bank of Mecklenburg in Charlotte, NC
June 2001 Centura Banks is acquired by Royal Bank of Canada; holding company renamed “RBC Centura Banks, Inc.” and banking subsidiary renamed “RBC Centura”; Kel Landis III named CEO of RBC Centura Banks, Inc.
July 2002 Expanded into Georgia with the acquisition of Eagle Bancshares
January 2003 Opened in the Florida market with the acquisition of Admiralty Bancorp
November 2003 Expanded presence in Florida with purchase of the operations of Provident Financial Group
October 2004 Scott Custer named CEO of RBC Centura
October 2006 Broke ground on new headquarters in Raleigh named RBC Plaza
December 2006 Acquired Flag Financial
March 2007 Expanded into Alabama with the acquisition of 39 AmSouth branches
Feb 2008 Acquired the Alabama National BanCorporation
April 2008 RBC Centura changes its name to RBC Bank
October 2009 Jim Westlake named CEO of RBC Bank

Learn more about RBC Companies History.