RBC Centura completes acquisition of Alabama National BanCorporation

    Deal expands RBC Centura network to more than 430 Southeast locations

    RALEIGH, NC, Feb. 25 /CNW/ - RBC Centura Banks, Inc., a wholly owned
subsidiary of Royal Bank of Canada (RY on NYSE and TSX), today announced
completion of its acquisition of Alabama National BanCorporation (ANB), parent
of 10 subsidiary banks and other affiliated businesses in Alabama, Florida and
    "This acquisition puts RBC Centura in position to better serve the
banking needs of businesses, business owners and professionals in the
Southeast," said Scott Custer, chairman and chief executive officer of RBC
Centura. "By doubling our presence in both Alabama and Florida as well as
adding 13 locations in Georgia, the acquisition of ANB is a logical step for
RBC Centura to gain market share in the Southeast."
    Nearly 300,000 clients will enjoy greater convenience and access to more
products and services as ANB becomes part of RBC Centura. The transition will
occur smoothly for clients who will continue doing business with many of the
same familiar faces they work with now. As the ANB banks are merged with RBC
Centura Bank, subject to receipt of all necessary regulatory approvals, RBC
Centura will brand the ANB banks as RBC Bank as part of its bank-wide name
change planned to begin in early April.
    "This deal strengthens our ability to reach more customers in the region
by expanding our branch network, solidifying our market position in Alabama
and opening new and important markets in Florida, and increasing our presence
in Atlanta," Custer said.
    As a result of the transaction, RBC Centura adds 103 banking locations
operated through 10 ANB bank subsidiaries in Alabama, Florida and Georgia:
    -  First American Bank in north central Alabama;
    -  Alabama Exchange Bank in Tuskegee;
    -  Indian River National Bank in Vero Beach, Florida;
    -  First Gulf Bank, N.A. in Escambia County, Florida and Baldwin County,
    -  Florida Choice Bank in Central Florida including metro Orlando;
    -  Community Bank of Naples, N.A.;
    -  Cypress Coquina Bank in Ormond Beach;
    -  Millennium Bank in Gainesville;
    -  Georgia State Bank in metropolitan Atlanta; and
    -  The Peachtree Bank, in metropolitan Atlanta.

    RBC Centura has recently acquired three banks, including ANB. With the
addition of ANB, RBC Centura now has more than 430 banking center locations
and more than 5,000 employees throughout the Southeast.
    In addition to RBC Centura, RBC's U.S. operations include: RBC Dain
Rauscher, a full-service securities firm; RBC Insurance, a national provider
of insurance protection and asset accumulation solutions; RBC Wealth
Management, serving high net worth clients in New York, Miami, Houston and San
Francisco; and RBC Capital Markets, the corporate and investment banking arm
of RBC.

    About RBC Centura

    RBC Centura Banks, Inc., 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 430 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 Royal Bank
of Canada (RBC) (RY on the TSX and NYSE), Canada's largest bank as measured by
assets and market capitalization 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.

For further information:

For further information: Kristen Doherty, RBC Centura, Vice-President,
Marketing Communications, (919) 788-6076, kristen.doherty@rbc.com; Jamie
Mitchell, RBC Centura, Manager, Media Relations, (919) 788-5613,

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