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Centura Banks Rescinds Buyback as Part of Merger Plan
Centura Banks (CBC Quote) rescinded its stock buyback program as part of the bank holding company's pending acquisition by Royal Bank of Canada (RY Quote).
The bank, which is based in Rocky Mount, N.C., also declared a second-quarter dividend of 36 cents a share, a 5.9% increase from the prior rate. The dividend will be paid May 4 to shareholders of record April 24. ...
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