By Lynne Olver
TORONTO (Reuters) - Royal Bank of Canada subsidiary RBC Centura Inc said on Thursday it has agreed to acquire Alabama National BanCorporation in a $1.6 billion deal that will add to the Canadian bank's presence in the U.S. Southeast.
Royal Bank, which expects the deal to close in early 2008, said Alabama National shareholders may choose to receive $80 per share in cash, Royal Bank shares, or a combination of the two.