For immediate release

The Federal Reserve Board today announced its approval of the proposal by Royal Bank of Canada, Montreal, Canada, and Rock Merger Subsidiary, Inc., Raleigh, North Carolina, to become bank holding companies by acquiring Centura Banks, Inc. (“Centura”) and its subsidiary bank, Centura Bank, both in Rocky Mount, North Carolina, and to acquire Centura’s nonbanking businesses. Attached is the Board’s Order relating to this action. Attachment (62 KB PDF)

2001 Orders on banking applications