RBC Centura
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| RBC Bank | |
| Subsidiary | |
| Industry | Bank |
| Founded | March 5, 2012 |
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Area served
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United States |
| Parent | Royal Bank of Canada |
| Website | www |
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|
|
Formerly called
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RBC Centura (2001-2008) |
|---|---|
| Subsidiary | |
| Industry | Bank |
| Fate | US customer division sold to PNC Financial Services |
| Predecessor | Centura Bank |
| Founded | June 5, 2001 as RBC Centura |
| Defunct | March 5, 2012 |
| Headquarters | RBC Plaza, Raleigh, North Carolina, United States |
|
Area served
|
Southeastern United States |
| Services | Retail banking |
| Parent | Royal Bank of Canada |
| Website | Archived RBC Bank USA website |
RBC Bank is the trading name of RBC Bank (Georgia), N.A., the United States-based retail banking division of the Royal Bank of Canada (RBC) which is targeted toward Canadian snowbirds, expatriates, and frequent tourists.
The brand name was originally used by RBC Bank USA (originally RBC Centura), formed in 2001 when RBC acquired the Raleigh, North Carolina-based Centura Bank. In 2012, RBC Bank USA's banking division for American clients was sold to PNC Financial Services while RBC's cross-border banking services for Canadians were transferred to the newly incorporated RBC Bank (Georgia), N.A. subsidiary.
RBC later returned to offering retail banking services to American customers with its acquisition of Los Angeles-based City National Bank in 2015.
On November 2, 1990, Peoples Bancorp and Planters Corp., of Rocky Mount, North Carolina, merged to form Centura Bank. In June 2001, Royal Bank of Canada acquired Centura Banks and rebranded them as RBC Centura. RBC announced on January 17, 2008, that it would abandon the "Centura" brand in April 2008 and the unit would operate as RBC Bank. Over 1000 employees continued to work in Rocky Mount as of 2011, in such areas as information technology and mortgage processing.
RBC Centura purchased Tucker Federal Bank parent company Eagle Bancshares in 2002, giving it a more substantial customer base in the Atlanta area after its 1998 purchase of Security First Network Bank which had only one office. The bank merged with Flag Bank, increasing its presence in Georgia. RBC continued to grow in the Southeast after acquiring 39 branches of Birmingham, Alabama-based AmSouth Bank on March 9, 2007. Previously, RBC Centura had no locations in Alabama.
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