Royal Bank of Canada, RBC Centura Banks, Inc. and Alabama National BanCorporation Announce Extension of Cash/Stock Election Dead
04 Fevereiro 2008 - 9:31PM
PR Newswire (US)
BIRMINGHAM, AL, Feb. 4 /PRNewswire-FirstCall/ -- Alabama National
BanCorporation ("ANB") (NASDAQ/Global Select Market: ALAB), Royal
Bank of Canada ("RBC") (NYSE, TSX: RY) and RBC Centura Banks, Inc.
("RBC Centura") announced today that the deadline for ANB
stockholders to make an election to receive cash or RBC common
shares (or a combination of cash and shares), subject to proration,
in connection with the pending merger between RBC Centura and ANB,
has been extended from 5:00 p.m. Birmingham, Alabama Time on
February 8, 2008 to 5:00 p.m. Birmingham, Alabama Time on February
14, 2008 (the "New Election Deadline"), unless further extended. If
there is any further extension of the election deadline, the
parties will publicly announce that extension in a press release on
or before February 8, 2008. RBC, RBC Centura and ANB continue to
expect to complete the merger during RBC's second fiscal quarter,
which runs from February 1 through April 30, 2008, subject to the
receipt of all applicable regulatory approvals, the expiration of
all regulatory waiting periods, and the satisfaction of the other
conditions contained in the merger agreement. At any time prior to
the New Election Deadline, any record holder of ANB common stock
may submit an Election Form and Letter of Transmittal to the
Exchange Agent, Computershare Investor Services Inc., with respect
to all shares of common stock then owned by such stockholder,
regardless of when those shares were acquired. Any ANB stockholder
who holds shares in "street name" through a broker should follow
the instructions given by the broker with respect to making a valid
election. ANB stockholders who have already elected and do not wish
to change their elections do not need to take any action. Any ANB
stockholder who has made an election by submitting a Form of
Election and Letter of Transmittal to the Exchange Agent may at any
time prior to the New Election Deadline change that holder's
election by submitting to the Exchange Agent a revised and later
dated Form of Election and Letter of Transmittal, properly
completed and signed, that is received by the Exchange Agent prior
to the New Election Deadline. Any ANB stockholder may at any time
prior to the New Election Deadline revoke the election and withdraw
the ANB certificate(s) for the holder's ANB shares deposited with
the Exchange Agent by written notice to the Exchange Agent received
prior to the New Election Deadline. ANB stockholders who hold their
shares in "street name" should contact their broker for
instructions regarding changes or revocations to their existing
elections. After the New Election Deadline, ANB stockholders may
not change or revoke their elections. Record holders of ANB common
stock may obtain additional copies of the Election Form and Letter
of Transmittal at any time prior to the New Election Deadline by
contacting the Exchange Agent, Computershare Investor Services
Inc., Telephone: 1-866-586-7635, e-mail: . 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 (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/. 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. 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. RBC and ANB caution 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 RBC, RBC Centura and 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 factors, among others, could cause actual
results to differ from those set forth in forward-looking
statements: ANB, RBC Centura and RBC's ability to consummate the
proposed merger on the proposed terms and schedule, including the
ability to obtain 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 and RBC disclaim any obligation to
update and revise statements contained in these materials based on
new information or otherwise. DATASOURCE: RBC CONTACT: Media
Contacts: Kristen Doherty, RBC Centura, Telephone: (919) 788-6076,
Email: ; Beja Rodeck, Royal Bank of Canada, Telephone: (416)
974-5506, Email: ; Investor Relations Contacts: Royal Bank of
Canada, Bill Anderson, Director, RBC Investor Relations, 14th
Floor, South Tower, Toronto, Ontario, Canada, M5J 2J5, Telephone:
(416) 955-7804, Email: ; Alabama National BanCorporation, William
E. Matthews, V, Executive Vice President and Chief Financial
Officer, Telephone: (205) 583-3650
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