RBC Bank | |
Company type | Subsidiary |
Industry | Bank (federally chartered) |
Founded | March 5, 2012 |
Area served | United States |
Parent | Royal Bank of Canada |
Website | www |
RBC Bank is the trading name of RBC Bank (Georgia), N.A., the United States–based retail banking division of the Royal Bank of Canada (RBC) which is targeted toward Canadian snowbirds, expatriates, and frequent tourists. Despite its limited reach, RBC Bank is a federally chartered bank, thus its trading name bears "N.A." letters.
The brand name was originally used by RBC Bank USA (formerly RBC Centura), formed in 2001 when RBC acquired the Raleigh, North Carolina–based Centura Bank. In 2012, RBC Bank USA's banking division for American clients was sold to PNC Financial Services while RBC's cross-border banking services for Canadians were transferred to the newly incorporated RBC Bank (Georgia), N.A. subsidiary. RBC then acquired Los Angeles–based City National Bank in 2015 to serve American clients.