First American Bank

First American Bank, founded in 2005, was the lead subsidiary bank of Alabama National BanCorporation (ANB), which was headquartered at 1927 1st Avenue North in Downtown Birmingham. When it was acquired in 2007 by RBC Bank, First American had 35 branches across the state of Alabama.

The bank was formed from the nucleus of the National Bank of Commerce of Birmingham, which had been founded in 1965 and operated as MetroBank until 1985. Among the banks it acquired before going public in 1995 was the First American Bank of Pelham. All of the subsidiary banks were merged under the First American name in 2005.

Additional acquisitions included First Citizens Bank of Talladega in 2005, the Bank of Dadeville in 2007, and the Alabama Exchange Bank of Tuskegee in 2008.

On September 6, 2007, it was announced that Alabama National and its subsidiaries were being acquired by RBC Centura Bank, the U.S. subsidiary of the Royal Bank of Canada, in a $1.6 billion deal. RBC Centura had entered the state earlier in the year by acquiring some divested branches in Huntsville and Tuscaloosa from the AmSouth-Regions merger. The deal was approved in January 2008. First American branches were converted to RBC Bank (the bank dropped "Centura" from its name in late 2007) on June 20.

A new National Bank of Commerce was created by the takeover of Red Mountain Bank by former ANB shareholders in 2010.

References

• "Alabama National being bought for $1.6 billion." (September 6, 2007) The Birmingham News