Raleigh-based RBC Centura Inc. (NYSE: RY), a subsidiary of the Royal Bank of Canada, is buying Alabama National BanCorp. in a $1.6 billion cash-and-stock purchase that continues the bank’s growth in the Southeast.
RBC Centura will acquire 45 full-service branch banks in Alabama, 45 in Florida and 13 in the Atlanta area.
In the past year, RBC Centura has added 39 branches by buying Alabama-based AmSouth Bancorp. and 17 by purchasing Georgia’s Flag Financial Corp.
After this latest sale closes, RBC Centura will have $33 billion in assets and more than 440 branches including these in Surry County:
— Granite Town Centre, 1000 U.S. 52, Mount Airy
— Mount Airy Main, 501 N. Main, Mount Airy
— Pilot Mountain Main, 101 Golf Course Road, Pilot Mountain
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