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Press Release

 

ALABAMA NATIONAL BANCORPORATION AFFILIATES OPEN AS RBC BANK

Clients Join One of North America's Safest Banks; Gain Access to More Banking Centers and ATMs

 

RALEIGH, N.C. - April 14, 2008 - Seven former Alabama National BanCorporation (ANB) banks opened today as RBC Bank. Computer and other operating systems converted over the weekend and all client accounts were automatically transferred.

One of the most visible changes clients will see are the new RBC Bank signs and a new look and feel in the banking centers. As part of RBC Bank, clients will enjoy access to a larger network of banking centers and ATMs as part of one of North America's most sound financial institutions.

"Clients will enjoy the resources and stability of a large regional bank, while continuing to receive the same helpful, friendly service from familiar staff," said Scott Custer, RBC Bank chairman and CEO. "We welcome all of our new clients to the RBC Bank family, and we look forward to helping them achieve their financial goals by providing the advice and tools they need."

ANB was a holding company for 10 banks that included more than 100 banking centers in Georgia, Florida and Alabama. The Florida banks that converted this past weekend are Millennium Bank (Gainesville), Florida Choice Bank (Mount Dora), Community Bank of Naples (Naples), Cypress Coquina Bank (Ormond Beach) and Indian River National Bank (Vero Beach). In Georgia, Georgia State Bank (Mableton) and The Peachtree Bank (Duluth) converted to RBC Bank. 

In June the remaining ANB affiliate banks, First American Bank (Birmingham, Ala.), First Gulf Bank (Pensacola, Fla.) and Alabama Exchange Bank (Tuskegee, Ala.) will begin conversion on June 20 and open as RBC Bank June 23.

This is a time of growth and change for RBC Bank. On April 4, the bank changed its name from RBC Centura to RBC Bank to better align with its parent company, RBC. The ANB acquisition is the third in the past year, bringing RBC Bank to 430 banking centers, 6,000 employees and $33 billion in assets.


Background

In 2001, RBC Bank became a wholly-owned subsidiary of RBC, one of the largest financial institutions in North America based on market capitalization. The global capabilities and resources available to its employees and customers as part of the RBC family of companies give RBC Bank a distinct competitive position when coupled with our strong Southeastern heritage.

Through RBC Bank's network of banking centers (including former ANB centers), it offers individuals and businesses in Virginia, the Carolinas, Georgia, Florida and Alabama a wide range of financial services and advice, including a complete line of banking, investment, loan, mortgage and other services.

In addition to RBC Bank, RBC's U.S. operations include: RBC Wealth Management, serving high net worth clients in New York, Miami, Houston and San Francisco; RBC Insurance, a national provider of insurance protection and asset accumulation solutions; and RBC Capital Markets, the corporate and investment banking arm of RBC.

About RBC Bank

RBC Bank, headquartered in Raleigh, N.C., offers a wide range of financial services and advice, including a complete line of banking, and mortgage services to individuals, businesses and public institutions throughout the Southeast. RBC Bank's multi-faceted customer access network includes more than 430 full-service banking centers, an extensive ATM network, and telephone and Internet banking. In addition, RBC Bank offers builder finance products through its RBC Builder Finance division. RBC Bank. is a wholly-owned subsidiary of Royal Bank of Canada (RBC) (RY on the TSX and NYSE), Canada's largest bank as measured by assets and market capitalization and one of the world's financial, social and environmental corporate leaders for the past eight years as on the Dow Jones Sustainability World Index. Additional information about RBC Bank may be found at www.rbcbankusa.com.  

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For more information:
Kristen Doherty/RBC Bank
Vice President, Marketing Communications
919-788-6076
kristen.doherty@rbc.com  

Jamie Mitchell/RBC Bank
Manager, Media Relations
919-788-5613
jamie.mitchell@rbc.com