Alabama National Bank

Royal Bank of Canada is buying Alabama National

Thursday, September 6th, 2007

The Canadian Invasion continues! The Royal Bank of Canada is buying Alabama National, which over 100 branches throughout several states in the United States, including Florida, Georgia, and Alabama.

Toronto Dominion is another large Canadian financial company that has purchased banks in the United States. They bought Banknorth, and changed its name to “TD Banknorth”, and even bought naming rights to the “Fleet Center” when Fleet Bank was purchased by Bank of America, returning the “Garden” back into its name - TD Banknorth Garden, as it used to be name “Boston Garden”.

Many banks which operate in the United States are owned by large banks in other countries. For example, Citizens Bank in the northeast is owned by the Royal Bank of Scotland, and Bank of the West is owned by BNP Paribas, headquartered in France.