Alabama National BanCorp. is expected to cut jobs after its acquisition by RBC Centura Banks Inc. becomes official in early February.
William Matthews, chief financial officer of Alabama National, said the company began notifying employees in recent weeks about the job eliminations, which will not take effect until the bank's systems conversions are complete in late spring and early summer.
"It is true that some redundancies were created and unfortunately that means some positions are eliminated," Matthews said. "All of our employees in positions that are eliminated are encouraged to apply in other positions with RBC Centura."
Though company officials would not disclose how many employees would be displaced, Alabama National operates as a holding company for 10 independently chartered subsidiaries in Alabama, Georgia, Florida, where employees were all handed pink slips.
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