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Press Release

 

ALABAMA NATIONAL BANCORPORATION AFFILIATES OPEN AS RBC BANK 

Clients Join One of North America's Most Stable Banks;

Gain Access to More Banking Centers and ATMs

 

RALEIGH, N.C. – June 23, 2008 – Three former Alabama National BanCorporation (ANB) banks opened today
as RBC Bank. Computer and other operating systems were converted over the weekend and all client accounts
were automatically transferred. This follows the conversion of seven ANB banks to RBC Bank in April,
completing the transition of all former ANB banks.

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 largest and most sound financial institutions.

ANB was a holding company for 10 banks that included more than 100 banking centers in Georgia, Florida and
Alabama. The banks that opened as RBC Bank today were Alabama Exchange Bank (Tuskegee, Ala.), First
American Bank (Birmingham, Ala.) and First Gulf Bank (Pensacola, Fla.). These banks significantly increase
RBC Bank’s presence in Alabama and the Florida Panhandle by adding more than 40 banking centers to RBC
Bank’s network.

“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.”

The Florida banks that converted in April were 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.

RBC Bank began in North Carolina and has more than a century-long history in the Southeast. Headquartered
in Raleigh, North Carolina, RBC Bank offers a wide range of financial services and advice to individuals. RBC
Bank’s network includes more than 430 full-service banking centers, an extensive ATM network, and telephone
and Internet banking.

Background

In 2001, RBC Bank became a wholly-owned subsidiary of RBC, the fifth largest financial institution in North
America based on market capitalization. The global capabilities and resources available to its customers and
employees 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 nationally and internationally; RBC Capital Markets, the corporate and investment banking arm of RBC;
and RBC Insurance, a national provider of insurance protection and asset accumulation solutions.

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 client access network includes more than 430 full-service banking centers, an
extensive ATM network, and telephone and online 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. RBC is also 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.

About RBC

Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name of
RBC. We are Canada’s largest bank as measured by assets and market capitalization and one of North
America’s leading diversified financial services companies. We provide personal and commercial banking,
wealth management services, insurance, corporate and investment banking and transaction processing
services on a global basis. Our corporate support team enables business growth with expert professional
advice and state-of-the art processes and technology. We employ approximately 75,000 full- and part-time
employees who serve more than 16 million personal, business, public sector and institutional clients throughout
offices in Canada, the U.S. and 45 other countries around the world. For more information, please visit
www.rbc.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