Regionalreport.

• Position: Triangle

In June, PNC Financial Services Group Inc. agreed to buy RBC Bank USA, the Raleigh-based retail-banking arm of Royal Bank of Canada, for approximately $3.5 billion. In one form or another, I RBC has been headquartered in North Carolina for 112 years. It started as a small-town bank in eastern North Carolina and morphed into a powerful acquisition machine. But the hunter became the hunted: PNC's Pittsburgh base will absorb RBC's corporate offices, ending the bank's century-long tradition of headquartering in the Tar Heel state.

2,870

Branches PNC will have after the deal. It will be the fifth most of any bank in the country.

$282.2 billion

PNC's assets after it adds RBC's $24.8 billion. It will remain the sixth biggest bank in the U.S.

$230 million

Cuts PNC CEO James Rohr says the company will make "through operational and administrative efficiency improvements" in RBC's operations.

11

Consecutive quarterly losses posted by RBC as of March 31.

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KEY DATES

March 1899: The Planters National Bank & Trust Co. opens in Rocky Mount.

April 1931: Peoples Bank & Trust Co. starts in Rocky Mount.

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