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Home > Company Index > Banking > Banking - Southeast > RBC Centura Banks, Inc.

RBC Centura Banks, Inc.
 PROFILE
The Carolinas are becoming a little bit Canadian. Centura Banks (now RBC Centura Banks) was bought by Royal Bank of Canada in 2001. The company's Centura Bank subsidiary, with more than 225 locations throughout North Carolina, South Carolina, and Virginia, provides consumer and commercial deposit and lending services, as well as securities brokerage, insurance, and commercial and retail leasing. Commercial loans make up some 60% the bank's loan portfolio, which also includes residential mortgages (about 35%) and consumer loans. RBC Centura Banks writes subprime mortgages through subsidiary NCS Mortgage Lending. Another division, Glenwood Capital, manages the company's trust portfolio and family of mutual funds.

 COMPETITION
BB&T Corporation (BBT)
First Citizens BancShares, Inc. (FCNCA)
Wachovia Corporation (WB)

 DEALS
Deal: Royal Bank of Canada to Merge With Centura Banks
Date Announced: 01.26.01
Value of transaction (US $Mil): 2300
Description: Canadian financial services firm to merge with North Carolina-based financial services company in $2.3 billion deal.

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 1,039.90
1-Yr. Sales Growth: 30.1%
Employees: 3,530
Revenue per employee: $294,589.24

 KEY PEOPLE
• H. Kel Landis
    CEO
• Steven J. Goldstein
    CFO

 CONTACT INFO
134 N. Church St.
Rocky Mount, NC 27804
US
Phone: 252-454-4400
Fax: 252-454-4806
Online: Web Site

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