The End of and Era: RBC/Centura Bank merger with PNC brings a finality

Centura Bank pylon

DC banking consumers take notice as PNC Bank is poised to expand the bank’s footprint south to Florida and Birmingham, Alabama. PNC’s gain is a major loss for the state of North Carolina. The end of a banking era approaches rapidly as RBC Bank will close at 4pm on March 2, and reopen March 5 as PNC. RBC Bank formerly RBC Centura or Centura Bank was HQ in Rocky Mount, NC until moving the US banking HQ to Raleigh, NC after Centura Bank was acquired by Royal Bank of Canada. Centura Bank was an Eastern North Carolina bank before making several acquisitions including the 2000 Triangle Bank merger to spread the bank’s footprint beyond Eastern NC with 250 branches in North Carolina, South Carolina, and Virginia by the 2001 merger announcement with Royal Bank of Canada. The employees and customers of RBC will not hear the infamous city names of Raleigh and Rocky Mount as the command center for the bank. PNC is Pittsburgh, Mid-Atlantic, and Northeast with DC and Philly are … [Read more...]

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