M&A Deal Summary

RBC Acquires RBC Centura Banks

On January 26, 2001, RBC acquired financial services company RBC Centura Banks for 2.3B USD

Acquisition Highlights
  • This is RBC’s 1st transaction in the Financial Services sector.
  • This is RBC’s 2nd largest (disclosed) transaction.
  • This is RBC’s 1st transaction in the United States.
  • This is RBC’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2001-01-26
Target RBC Centura Banks
Sector Financial Services
Buyer(s) RBC
Deal Type Add-on Acquisition
Deal Value 2.3B USD

Target

RBC Centura Banks

Rocky Mount, North Carolina, United States
RBC Centura Banks, Inc. is a provider of a complete line of banking, investment, insurance, leasing and asset management services to individuals and businesses in North Carolina, South Carolina and Virginia.

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Buyer(S) 1

Buyer

RBC

Toronto, Ontario, Canada
Category Company
Founded 1864
Sector Financial Services
Employees94,480
Revenue 56.3B CAD (2023)
DESCRIPTION

RBC provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. RBC employs approximately 78,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 38 other countries. RBC was formed in 1864 and is based in Toronto. RBC was founded in 1864 and is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 7
Sector (Financial Services) 1 of 6
Type (Add-on Acquisition) 1 of 7
State (North Carolina) 1 of 1
Country (United States) 1 of 4
Year (2001) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-15 Royal Bank of Canada - One Branch

Canada

Royal Bank of Canada - One Branch provides various financial services and products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-03 Carlin Financial Group

New York, New York, United States

Carlin Financial Group is a broker-dealer known for its proprietary trade execution platform that is extremely popular with emerging hedge fund managers, professional traders and financial institutions.

Buy -
Mergr

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