the RBC Center, with a 20-year lease at a cost of $80 million. In June 2006, the RBC Center hosted the NHL's Stanley Cup Finals, and on June 19, 2006, the Carolina Hurricanes defeated the Edmonton Oilers in the arena to win the Stanley Cup. PNC acquired the naming rights with the purchase of RBC, and the name changed to PNC Arena on March 15, 2012. At the time PNC acquired RBC, it had a total of 5,000 employees with 500 located in the Raleigh area. Dunmore Homes controversy In November 2007, RBC Centura was involved in the "Dunmore Homes" project in Sacramento, California, that stopped all construction on August 8, 2007, due to liquidity issues with the home builder. The company was subsequently sold to a mortgage loan officer for $500 and quickly incorporated in New York. The company filed for bankruptcy in Manhattan. After details of the sale became known to RBC Centura Bank, a major Dunmore Homes creditor, the bank sued on November 7. The company alleged in a lawsuit filed in Fresno County that the sale of all the assets for a mere $500 was not adequate and was done to "hinder, delay and defraud the creditors," including RBC. RBC financed four Dunmore projects from Bakersfield to Yuba City. It loaned Dunmore Homes a total of $105 million and, according to an affidavit by a Dunmore Homes official, is still owed $39 million. As collateral, it has secured claims against those projects. But the company says the value of a Fresno project is less than the outstanding loan balance. Nine major lenders, including RBC, are owed a combined total of $196 million on Dunmore Homes' 26 new-home communities, according to the builder. Sale to PNC On June 19, 2011, PNC Financial Services agreed to buy RBC Bank USA from Royal Bank of Canada for $3.45 billion. The sale of RBC Bank closed in March 2012. Upon acquisition, all RBC Bank branches were rebranded as PNC branches and the RBC Bank brand became dormant for US customers. RBC Insurance, RBC Wealth Management and RBC Investing remained subsidiaries of RBC. RBC later returned to offering retail banking services to American customers with its acquisition of Los Angeles-based City National Bank in 2015. References External links American subsidiaries of foreign companies Banks established in 2001 Banks established in 2012 Banks based in Georgia (U.S. state) Banks based in North