Image via Wikipedia
Pittsburgh-based PNC Bank is gobbling up all of Royal Bank of Canada’s U.S.branches – 424 locations in all. The acquisition will make PNC the fifth largest U.S. bank with 2,870 branches.
RBC USA locations are in Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia.
The acquisition is expected to close in March of 2012.
Roy, you may want to do some further digging on this piece. The bank to which you’ve linked in the Philadelphia area is Royal Bank of America, a unit of Royal Bancshares of Pennsylvania Inc. (stock ticker symbol RBPAA), and to my knowledge wholly different from Royal Bank of Canada (stock ticker symbol RY).
Oops, missed that….fixed.