TORONTO - Royal Bank of Canada said it has completed the purchase from Gentra Inc. of Royal Trust Co. and Royal Trust Corp. of Canada and certain other Gentra subsidiaries.

The purchase price was $1.3 billion, subject to various adjustments over the next two months, Royal Bank said. Already the largest bank in Canada, Royal increased its assets to $214 billion.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.