#1
7th March 2016, 11:22 AM
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PNC bank RBC
Hello sir I would like to know about the take over of RBC Bank by PNC so please provide me information about the same.
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#2
7th March 2016, 11:23 AM
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Re: PNC bank RBC
PNC Financial Services Group, Inc. is an American financial services corporation, with assets of approximately $345.2 billion. RBC Bank It was the United States-based retail banking division of the Royal Bank of Canada. The headquarters for the bank were in Raleigh, North Carolina. Banking centers and automated teller machines were located throughout the Southeastern United States. The company's largest operations were in North Carolina and Alabama. Take over of RBC Bank by PNC On June 19, 2011, PNC agreed to purchase RBC Bank from Royal Bank of Canada for $3.45 billion. With 426 branches total, RBC Bank has a significant presence in southern Virginia, North Carolina, South Carolina, Georgia, Alabama, and Florida. Of these regions, PNC had existing branches only in Florida which were rebranded when the National City merger occurred. BB&T, which later acquired the parts of BankAtlantic that PNC did not buy, was also in talks to acquire RBC Bank. RBC Bank Former type-Subsidiary Fate Acquisition by PNC Financial Services Founded 2 November 1990 Rocky Mount, North Carolina Defunct 2012 Headquarters Raleigh, North Carolina Area served Southeastern United States Parent Royal Bank of Canada, PNC |