RBC to Buy Alabama National BanCorp

BMO Capital Markets, 7 September 2007Royal Bank announced on September 6 an agreement to purchase Alabama National BanCorporation (ANB), a bank headquartered in Birmingham, Alabama, for US$1.6 billion. Under the terms of the agreement, ANB shareholders will receive US$80 per share of either cash, RBC shares, or a combination of the two. The total consideration will consist of roughly half cash