Royal Bank of Canada, RBC Centura Banks, Inc. and Alabama National BanCorporation Announce Extension of Cash/Stock Election Deadline in Connection with Pending Merger



    BIRMINGHAM, AL, Feb. 4 /CNW/ - Alabama National BanCorporation ("ANB")
(NASDAQ/Global Select Market: ALAB), Royal Bank of Canada ("RBC") (NYSE, TSX:
RY) and RBC Centura Banks, Inc. ("RBC Centura") announced today that the
deadline for ANB stockholders to make an election to receive cash or RBC
common shares (or a combination of cash and shares), subject to proration, in
connection with the pending merger between RBC Centura and ANB, has been
extended from 5:00 p.m. Birmingham, Alabama Time on February 8, 2008 to 5:00
p.m. Birmingham, Alabama Time on February 14, 2008 (the "New Election
Deadline"), unless further extended. If there is any further extension of the
election deadline, the parties will publicly announce that extension in a
press release on or before February 8, 2008. RBC, RBC Centura and ANB continue
to expect to complete the merger during RBC's second fiscal quarter, which
runs from February 1 through April 30, 2008, subject to the receipt of all
applicable regulatory approvals, the expiration of all regulatory waiting
periods, and the satisfaction of the other conditions contained in the merger
agreement.
    At any time prior to the New Election Deadline, any record holder of ANB
common stock may submit an Election Form and Letter of Transmittal to the
Exchange Agent, Computershare Investor Services Inc., with respect to all
shares of common stock then owned by such stockholder, regardless of when
those shares were acquired. Any ANB stockholder who holds shares in "street
name" through a broker should follow the instructions given by the broker with
respect to making a valid election.
    ANB stockholders who have already elected and do not wish to change their
elections do not need to take any action. Any ANB stockholder who has made an
election by submitting a Form of Election and Letter of Transmittal to the
Exchange Agent may at any time prior to the New Election Deadline change that
holder's election by submitting to the Exchange Agent a revised and later
dated Form of Election and Letter of Transmittal, properly completed and
signed, that is received by the Exchange Agent prior to the New Election
Deadline. Any ANB stockholder may at any time prior to the New Election
Deadline revoke the election and withdraw the ANB certificate(s) for the
holder's ANB shares deposited with the Exchange Agent by written notice to the
Exchange Agent received prior to the New Election Deadline. ANB stockholders
who hold their shares in "street name" should contact their broker for
instructions regarding changes or revocations to their existing elections.
After the New Election Deadline, ANB stockholders may not change or revoke
their elections.
    Record holders of ANB common stock may obtain additional copies of the
Election Form and Letter of Transmittal at any time prior to the New Election
Deadline by contacting the Exchange Agent, Computershare Investor Services
Inc., Telephone: 1-866-586-7635, e-mail: corporateactions@computershare.com.

    About RBC Centura

    RBC Centura, 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 Centura's multi-faceted customer access network
includes more than 340 full-service banking centers, an extensive ATM network,
and telephone and Internet banking. In addition, RBC Centura offers builder
finance products through its RBC Builder Finance division. According to SNL
Financial, RBC Centura is the 45th largest U.S. bank based on assets as of
August 2007. RBC Centura Banks Inc. is a wholly-owned subsidiary of RBC,
Canada's largest bank as measured by assets 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 Centura
may be found at www.rbccentura.com.

    About RBC

    Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate
under the master brand name of RBC. RBC is Canada's largest bank as measured
by assets and market capitalization and one of North America's leading
diversified financial services companies. RBC provides personal and commercial
banking, wealth management services, insurance, corporate and investment
banking and transaction processing services on a global basis. RBC's corporate
support team enables business growth with expert professional advice and
state-of-the art processes and technology. RBC employs approximately 70,000
full- and part-time employees who serve more than 15 million personal,
business, public sector and institutional clients through offices in Canada,
the U.S. and 36 other countries. For more information, please visit
www.rbc.com.

    About ANB

    ANB is a bank holding company operating 103 banking locations through ten
bank subsidiaries in Alabama, Florida and Georgia. Alabama subsidiaries
include: First American Bank in north central Alabama; and Alabama Exchange
Bank in Tuskegee. Florida subsidiaries are: Indian River National Bank in Vero
Beach; First Gulf Bank, N.A. in Escambia County, Florida and Baldwin County,
Alabama; Florida Choice Bank in metropolitan Orlando and central Florida;
Community Bank of Naples, N.A.; CypressCoquina Bank in Ormond Beach; and
Millennium Bank in Gainesville. ANB has two subsidiaries in Georgia: Georgia
State Bank and The Peachtree Bank, both in metropolitan Atlanta. ANB provides
full banking services to individuals and businesses. Commercial mortgage
services, including the origination of permanent commercial real estate
mortgage loans for various lenders, are provided by Byars and Company, a
division of First American Bank. Brokerage services are provided to customers
through First American Bank's wholly owned subsidiary, NBC Securities, Inc.
Investments are not bank guaranteed, not FDIC insured and may lose value.

    Cautionary Statement Regarding Forward-Looking Information

    This document may contain forward-looking statements within the meaning
of the "safe harbor" provisions of the United States Private Securities
Litigation Reform Act of 1995. RBC and ANB caution readers that any
forward-looking information is not a guarantee of future performance and that
actual results could differ materially from those contained in the
forward-looking statements. Such forward-looking statements include, but are
not limited to, statements about the anticipated schedule for the merger
between ANB and RBC Centura, and other statements that are not historical
facts. Such forward-looking statements are necessarily estimates reflecting
RBC, RBC Centura and ANB's best judgment based upon current information and
involve a number of risks and uncertainties, and various factors could cause
results to differ materially from those contemplated by such forward-looking
statements. The following factors, among others, could cause actual results to
differ from those set forth in forward-looking statements: ANB, RBC Centura
and RBC's ability to consummate the proposed merger on the proposed terms and
schedule, including the ability to obtain regulatory approvals. Additional
factors that may affect future results are contained in ANB's and RBC's
filings with the SEC, which are available at the SEC's web site,
http://www.sec.gov, including without limitation the risk factors set forth in
the definitive proxy statement/prospectus filed by ANB and RBC with the SEC on
December 17, 2007, ANB's Annual Report on Form 10-K for the year ended
December 31, 2006, ANB's Quarterly Report for the period ended September 30,
2007 and RBC's Form 40-F filed on November 30, 2007. ANB and RBC disclaim any
obligation to update and revise statements contained in these materials based
on new information or otherwise.





For further information:

For further information: Media Contacts: Kristen Doherty, RBC Centura,
Telephone: (919) 788-6076, Email: kristen.doherty@rbc.com; Beja Rodeck, Royal
Bank of Canada, Telephone: (416) 974-5506, Email: beja.rodeck@rbc.com;
Investor Relations Contacts: Royal Bank of Canada, Bill Anderson, Director,
RBC Investor Relations, 14th Floor, South Tower, Toronto, Ontario, Canada, M5J
2J5, Telephone: (416) 955-7804, Email: william.anderson@rbc.com; Alabama
National BanCorporation, William E. Matthews, V, Executive Vice President and
Chief Financial Officer, Telephone: (205) 583-3650


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