Alabama National BanCorporation Announces Intent to Delist from NASDAQ
07 Febrero 2008 - 5:28PM
PR Newswire (US)
BIRMINGHAM, Ala., Feb. 7 /PRNewswire-FirstCall/ -- Alabama National
BanCorporation ("ANB") (NASDAQ:ALAB) today announced that its Board
of Directors approved the delisting of its common stock from NASDAQ
in connection with the pending merger of ANB with and into RBC
Centura Banks, Inc. ("RBC Centura"), a North Carolina bank holding
company and a wholly owned subsidiary of Royal Bank of Canada. RBC
Centura will be the surviving corporation in the merger. The merger
is expected to be completed during Royal Bank of Canada's second
fiscal quarter, which runs from February 1 through April 30, 2008,
subject to the receipt of remaining applicable regulatory
approvals, the expiration of all regulatory waiting periods and the
satisfaction of the other conditions contained in the merger
agreement. In accordance with the rules of the Securities and
Exchange Commission and NASDAQ, ANB has provided written notice to
NASDAQ of its intent to delist. ANB intends to file a Form 25 with
the Securities and Exchange Commission on February 19, 2008, to
effect the delisting. By operation of law, the delisting will be
effective ten days after the filing of the Form 25. ANB reserves
the right to delay the filing of the Form 25. If the merger is
completed prior to the effective date of the delisting, trading of
ANB common stock on NASDAQ will be suspended at that time. ANB has
not arranged for the listing of its common stock on another
national securities exchange or for the quotation of its common
stock in a quotation medium. Further information regarding the
foregoing is included in ANB's Current Report on Form 8-K filed
today with the Securities and Exchange Commission. About ANB ANB is
a bank holding company operating 103 banking locations through ten
bank subsidiaries in Alabama, Florida and Georgia. Alabama
subsidiaries include: First American Bank in north central Alabama;
and Alabama Exchange Bank in Tuskegee. Florida subsidiaries are:
Indian River National Bank in Vero Beach; First Gulf Bank, N.A. in
Escambia County, Florida and Baldwin County, Alabama; Florida
Choice Bank in metropolitan Orlando and central Florida; Community
Bank of Naples, N.A.; CypressCoquina Bank in Ormond Beach; and
Millennium Bank in Gainesville. ANB has two subsidiaries in
Georgia: Georgia State Bank and The Peachtree Bank, both in
metropolitan Atlanta. ANB provides full banking services to
individuals and businesses. Commercial mortgage services, including
the origination of permanent commercial real estate mortgage loans
for various lenders, are provided by Byars and Company, a division
of First American Bank. Brokerage services are provided to
customers through First American Bank's wholly owned subsidiary,
NBC Securities, Inc. Investments are not bank guaranteed, not FDIC
insured and may lose value. About RBC Centura RBC Centura,
headquartered in Raleigh, N.C., offers a wide range of financial
services and advice, including a complete line of banking, and
mortgage services to individuals, businesses and public
institutions throughout the Southeast. RBC Centura's multi-faceted
customer access network includes more than 340 full-service banking
centers, an extensive ATM network, and telephone and Internet
banking. In addition, RBC Centura offers builder finance products
through its RBC Builder Finance division. According to SNL
Financial, RBC Centura is the 45th largest U.S. bank based on
assets as of August 2007. RBC Centura Banks, Inc. is a wholly-owned
subsidiary of RBC, Canada's largest bank as measured by assets and
one of the world's financial, social and environmental corporate
leaders for the past eight years as on the Dow Jones Sustainability
World Index. Additional information about RBC Centura may be found
at http://www.rbccentura.com/. About RBC Royal Bank of Canada
(NYSE:RY)(RY on TSX and NYSE) and its subsidiaries operate under
the master brand name of RBC. RBC is Canada's largest bank as
measured by assets and market capitalization and one of North
America's leading diversified financial services companies. RBC
provides personal and commercial banking, wealth management
services, insurance, corporate and investment banking and
transaction processing services on a global basis. RBC's corporate
support team enables business growth with expert professional
advice and state-of-the art processes and technology. RBC employs
approximately 70,000 full- and part-time employees who serve more
than 15 million personal, business, public sector and institutional
clients through offices in Canada, the U.S. and 36 other countries.
For more information, please visit http://www.rbc.com/. Cautionary
Statement Regarding Forward-Looking Information This document may
contain forward-looking statements within the meaning of the "safe
harbor" provisions of the United States Private Securities
Litigation Reform Act of 1995. ANB cautions readers that any
forward-looking information is not a guarantee of future
performance and that actual results could differ materially from
those contained in the forward-looking statements. Such
forward-looking statements include, but are not limited to,
statements about the anticipated schedule for the merger between
ANB and RBC Centura and other statements that are not historical
facts. Such forward- looking statements are necessarily estimates
reflecting ANB's best judgment based upon current information and
involve a number of risks and uncertainties, and various factors
could cause results to differ materially from those contemplated by
such forward-looking statements. The following factor, among
others, could cause actual results to differ from those set forth
in forward-looking statements: ANB's ability to consummate the
proposed merger with RBC Centura on the proposed terms and
schedule, including the ability to obtain certain regulatory
approvals. Additional factors that may affect future results are
contained in ANB's and RBC's filings with the SEC, which are
available at the SEC's web site, http://www.sec.gov/, including
without limitation the risk factors set forth in the definitive
proxy statement/prospectus filed by ANB and RBC with the SEC on
December 17, 2007, ANB's Annual Report on Form 10-K for the year
ended December 31, 2006, ANB's Quarterly Report for the period
ended September 30, 2007 and RBC's Form 40-F filed on November 30,
2007. ANB disclaims any obligation to update and revise statements
contained in these materials based on new information or otherwise.
Additional Information and Where to Find It In connection with the
proposed merger, RBC has filed with the SEC a registration
statement on Form F-4 (File No. 333-147789) (the "Registration
Statement") to register the RBC common shares to be issued to ANB
stockholders in the proposed merger. The Registration Statement
includes a definitive proxy statement of ANB dated December 14,
2007 that also constitutes a prospectus of RBC (the "Proxy
Statement/Prospectus"). The definitive Proxy Statement/Prospectus
was filed with the SEC on December 17, 2007. RBC and ANB have also
filed, and may to continue to file, additional relevant materials
with the SEC. The Registration Statement and the Proxy
Statement/Prospectus contain important information about RBC, RBC
Centura, ANB, the proposed merger and related matters. ANB
stockholders are urged to read the Registration Statement, the
Proxy Statement/Prospectus and any other relevant documents filed
with the SEC, because they contain important information about the
proposed merger. ANB stockholders may obtain a free copy of the
disclosure documents (including the Registration Statement) and
other documents filed by RBC and ANB with the SEC at the SEC's
website at http://www.sec.gov/, from RBC's Investor Relations
department or from ANB's Investor Relations department. DATASOURCE:
Alabama National BanCorporation CONTACT: William E. Matthews, V,
Executive Vice President and Chief Financial Officer of Alabama
National BanCorporation, +1-205-583-3650 Web site:
http://www.alabamanational.com/ http://www.rbc.com/
http://www.rbccentura.com/
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