RBC Buys Flag Financial Corp

Financial Post, Duncan Mavin, 10 August 2006Royal Bank of Canada jumped back into growth mode in the United States yesterday with its purchase of Atlanta-based Flag Financial Corp. for US$456-million.The deal is the first acquisition since 2003 by RBC's U.S. retail banking subsidiary, North Carolina-based RBC Centura. The deal appears to mark the end of a couple of years of stalemate at RBC