M&A Deal Summary

RBC Centura Banks Acquires Alabama National BanCorp.

On September 6, 2007, RBC Centura Banks acquired financial services company Alabama National BanCorp. for 1.6B USD

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

M&A Deal Summary
Date 2007-09-06
Target Alabama National BanCorp.
Sector Financial Services
Buyer(s) RBC Centura Banks
Deal Type Add-on Acquisition
Deal Value 1.6B USD

Target

Alabama National BanCorp.

Birmingham, Alabama, United States
Alabama National BanCorp. is a bank holding company operating 103 banking locations through eleven bank subsidiaries in Alabama, Florida and Georgia. Alabama subsidiaries include: First American Bank in north central Alabama; Alabama Exchange Bank in Tuskegee; and Bank of Dadeville. 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 Central Florida including metro Orlando; Community Bank of Naples, N.A.; Cypress Coquina Bank in Ormond Beach; and Millennium Bank in Gainesville.

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Buyer(S) 1

Buyer

RBC Centura Banks

Rocky Mount, North Carolina, United States
Category Company
Sector Financial Services
DESCRIPTION

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.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Alabama) 1 of 1
Country (United States) 2 of 2
Year (2007) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-09 Flag Financial

Atlanta, Georgia, United States

Flag Financial Corp. is a bank holding company whose wholly owned subsidiary is Flag Bank. The Flag Financial franchise consists of 26 offices, including 17 full-service banking offices and five mortgage/loan production offices, in 14 Georgia counties. In addition to traditional banking services, Flag Bank provides payroll services nationally to businesses through its Payroll Solutions division, and through its Smartstreet division, offers custom banking and cash management services for community associations and management companies throughout the United States.

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