PNC Financial Services Group acquired RBC Bank, the US retail subsidiary of Royal Bank of Canada that is headquartered in Raleigh, for $3.45 billion. PNC plans to convert existing RBC branches into one unified brand.

So what does that mean for the Big ATM between Wade Avenue and Trinity Road?

James Rohr, chairman and chief executive officer of PNC Financial Services Group, told WRAL News Monday that PNC was committed to both the RBC Center, home of the Carolina Hurricanes, and the downtown Raleigh RBC tower.

The 20 year, $80 million naming rights deal for the former Raleigh Entertainment and Sports Arena runs out 2022. No matter what the building is called, the naming rights deal will still hold. There is no out clause according to the Centennial Authority.