Monday, February 20, 2012

RBC Bank to PNC Bank conversion scheduled for March 2

RBC Bank branches are scheduled to close for the final time at 4 p.m. Friday, March 2 -- the same day the sale of the Raleigh-based bank is expected to close. The branches will open as PNC Bank on Monday, March 5, the company has announced.

In June, PNC Financial Services of Pittsburgh announced it was acquring Raleigh-based RBC Bank. The Federal Reserve gave the $3.45 billion deal the go-ahead in December.

A number of the branches already have PNC signs, temporarily covered as Wells Fargo did before converting Wachovia branches.

RBC Bank has 424 branches in six Southeastern states. The bank controls about $1 billion in deposits at 18 Charlotte-area branches, according to the FDIC.