Today‘ s RBC Financial institution will be the product of more than thirty mergers and acquisitions since its founding in 1990. Starting off with the “merger of equals" among two regional bank holding providers having formed a century-long heritage, we’ve grown to be a major regional financial institution.
Following is a timeline of corporate milestones and significant transactions and acquisitions:
November 1990 Peoples Bancorp and Planters Corp. kind Centura Financial institutions, Inc. in Rocky Mount , NC
September 1991 Centura acquired Watauga Savings and Financial loan Association, Inc. in Boone , NC
December 1991 Acquired Citizens Federal Financial savings and Mortgage in Rutherfordton , NC
March 1992 Acquired Initial Federal Savings Association in Raleigh , NC
January 1993 Acquired Orange Federal Cost savings Financial institution in Chapel Hill , NC
April 1993 Acquired Brevard Federal Financial savings and Mortgage Association in Brevard , NC
July 1993 Acquired Granite Savings Bank in Granite Falls , NC
October 1993 Acquired 1st American Federal Savings Financial institution in Greensboro , NC , and Initially Financial savings Financial institution in Forest City , NC
December 1993 Acquired Initial Charlotte Financial institution in Charlotte, NC, Canton Savings Financial institution in Canton, NC and Roberson Cost savings Bank in Lumberton, NC
June 1994 Acquired Mid-South Bank and Believe in Corporation in Sanford , NC
March 1995 Acquired Cleveland Federal Financial institution in Shelby , NC
June 1995 Acquired Very first Southern Savings Bank in Asheboro , NC
February 1996 Acquired First Commercial Financial institution in Asheville , NC
August 1996 Acquired Initially Community Bank in Gastonia , NC
October 1996 Acquired 1st South Financial institution in Burlington , NC
March 1998 Expanded into South Carolina using the acquisition of Pee Dee State Bank in Timmonsville , SC
February 1999 Acquired Scotland Cost savings Financial institution in Laurinburg , NC
March 1999 Elevated presence in Virginia
February 2000 Acquired Triangle Bancorp in Raleigh , NC and Financial institution of Mecklenburg in Charlotte , NC
June 2001 Centura Banks is acquired by Royal Bank of Canada
July 2002 Expanded into Georgia
January 2003 Opened in the Florida
November 2003 Expanded existence in Florida
October 2004 Scott Custer named CEO of RBC Centura
October 2006 Broke ground on new headquarters in Raleigh named RBC Plaza
December 2006 Acquired Flag Monetary
March 2007 Expanded into Alabama
Feb 2008 Acquired the Alabama
April 2008 RBC Centura adjustments its name to RBC Bank
October 2009 Jim Westlake named CEO of RBC Financial institution
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