Industries Banking/Finance

RBC Bank branches to convert to PNC Bank

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On Friday, March 2, more than 400 RBC Bank USA branches, including 12 in Hampton Roads, will close one hour early in preparation for their conversion that weekend to PNC Bank.

The offices will reopen as part of the PNC system on Monday, March 5

The PNC Financial Services Group announced in that June it was buying the American retail business of the Royal Bank of Canada for $3.45 billion.

As a result of the deal, PNC will expand into the Southeast. The RBC has 424 branches in North Carolina, Florida, Alabama, Georgia, Virginia and South Carolina, and roughly $25 billion of assets.

“PNC recognizes the importance of making this transition simple for customers,” said Linwood Howard, a Virginia Beach resident currently with RBC Bank, who will join PNC’s retail banking team upon the closing. “The communications started Jan. 1 to prepare everyone for the biggest single conversion in the bank’s 160-year history.”

With the acquisition of RBC Bank, PNC will have more than 2,900 branches in 19 states and the District of Columbia and 7,100 ATMs nationwide.

During conversion weekend, PNC is adding call center staff to answer questions. Information also is available on welcometopnc.com.


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