Alabama National BanCorporation
Alabama National BanCorporation is the Birmingham-based holding company for eleven bank subsidiaries with a combined 103 locations in Alabama, Florida, and Georgia.
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. In early 2008, RBC announced it would be dropping the "Centura" from its name, and would simply be known in the U.S. as "RBC Bank". ANB shareholders approved the merger on January 24, 2008, and will get a mixture of cash and stock in the deal, which is expected to be completed in mid-2008.
Subsidiary Banks
- First American Bank, Birmingham, AL
- Indian River National Bank, Vero Beach, FL
- First Gulf Bank, N.A., Pensacola, FL
- Florida Choice Bank, Mt. Dora, FL
- Community Bank of Naples, N.A., Naples, FL
- Public Bank, St. Cloud, FL
- Georgia State Bank, Mableton, GA
- CypressCoquina Bank, Ormond Beach, FL
- Millennium Bank, Gainesville, FL
- Alabama Exchange Bank, Tuskegee, AL
- Bank of Dadeville, Dadeville, AL
Other Subsidiaries
- ANB Insurance Services, Inc, Birmingham, AL
- ANB Leasing Services, Birmingham, AL
Reference
- "Alabama National being bought for $1.6 billion", Birmingham News, September 6, 2007.
External Links
- Alabama National BanCorporation website