RBC Centura completes acquisition of 39 AmSouth branches in Alabama

    RALEIGH, NC, March 9 /CNW/ - RBC Centura Bank announced today that it has
completed the acquisition of 39 AmSouth Bank branches in Huntsville, Decatur,
Mobile, Montgomery, Selma and Tuscaloosa, Ala. This acquisition, which marks
RBC Centura's entry into Alabama, makes it the state's seventh largest bank
with approximately $1.5 billion in loans and $2 billion in deposits.
    "Moving into Alabama with immediate scale and assets complements our
growth strategy across the Southeast," said RBC Centura Chairman and CEO Scott
Custer. "We are excited to expand our banking region to six states, and we
believe Alabama is a good economic and cultural fit for the bank. It closely
resembles other dynamic markets in the Southeast where RBC Centura has enjoyed
a long-time presence and success."
    The U.S. Department of Justice and the Federal Reserve Board required
that the branches be divested in connection with AmSouth's merger with Regions
Financial Corporation.

    About RBC Centura Bank

    RBC Centura Bank, headquartered in Raleigh, NC, is a wholly owned
subsidiary of Royal Bank of Canada (RY on the NYSE and TSX) offering 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 330 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 46th largest U.S. bank based on assets as of
fourth quarter 2006. Additional information about RBC Centura may be found at

               Safe Harbor Regarding Forward-Looking Statements

    Certain statements contained in this press release may be deemed to be
forward-looking statements under certain securities laws, including the "safe
harbor" provisions of the United States Private Securities Litigation Reform
Act of 1995 and in any applicable Canadian securities legislation, and Royal
Bank of Canada ("RBC") intends that such forward-looking statements be subject
to the safe-harbor created thereby. The words "may," "could," "should,"
"would," "suspect," "outlook," "believe," "plan," "anticipate," "estimate,"
"expect," "intend," "forecast", "objective" and words and expressions of
similar import are intended to identify forward-looking statements.
    By their very nature, forward-looking statements involve numerous
assumptions, and inherent risks and uncertainties, both general and specific,
and risks exist that predictions, forecasts, projections and other
forward-looking statements about the acquisition of branches from AmSouth
Bancorporation ("AmSouth") by RBC Centura will not be achieved. We caution
readers not to place undue reliance on these statements as a number of
important factors could cause our actual results to differ materially from the
beliefs, plans, objectives, expectations, anticipations, estimates and
intentions expressed in such forward-looking statements. These factors
include, but are not limited to the possibility that the Alabama economy and
business spending does not continue to grow as expected, or that the
anticipated benefits of the transaction are not realized as a result of such
things as the strength of the economy and competitive factors in the areas
where the AmSouth branches do business; the impact of changes in the laws and
regulations regulating financial services and enforcement thereof (including
banking, insurance and securities); judicial judgments and legal proceedings;
RBC Centura's ability to integrate the AmSouth branches with RBC Centura
successfully; reputational risks, and other factors that may affect future
results of RBC including changes in trade policies, timely development and
introduction of new products and services, changes in tax laws, and
technological and regulatory changes .
    We caution that the foregoing list of important factors is not
exhaustive. Additional information about other important factors can be found
under the Risk management section in our Q1 2007 Report to Shareholders and
under the Risk management and Additional risks that may affect future results
sections in our 2006 Annual Report.
    RBC assumes no obligation to update the forward-looking statements
contained in this press release.

For further information:

For further information: Media Contacts: Kristen Doherty, RBC Centura,
(919) 788-6076, kristen.doherty@rbc.com; Beja Rodeck, RBC, (416) 974-5506,
1-888-880-2173, beja.rodeck@rbc.com; Investor Contacts: Marcia Moffat, RBC,
(416) 955-7803, marcia.moffat@rbc.com; Dave Mun, RBC, (416) 955-7808,

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