RBC CENTURA EXPANDS LEADERSHIP TO SUPPORT GROWTH
Experienced Executives to Help Execute on Growth Strategy
RALEIGH, N.C. - Feb. 1, 2007 - Today, RBC Centura announced Drew Putt as president of RBC Centura Bank reporting directly to Chairman and CEO Scott Custer. As president of the bank, Putt will assume responsibility for RBC Centura's Personal and Business Banking network, Commercial Markets, Specialty Sales groups, Mortgage, Commercial Real Estate and RBC Builder Finance business. Putt is the first woman to hold this position in the bank.
In addition to Putt's new position, RBC Centura Chief Operating Officer Ron Day will assume additional responsibilities overseeing overall business, e-commerce and sales strategy, and innovation and performance management as part of an expanded role as COO. He will continue to provide local leadership to the bank's home office functions including Operations and Service Delivery, IT, Marketing, HR, Legal, Strategic Initiatives, and Branch Operations and Real Estate. Day has held the role of COO for more than 14 months.
"Since joining RBC Centura, Ron and Drew have demonstrated outstanding leadership and skill, as well as an overall focused drive for excellence," said Custer. "They both have my complete confidence in executing our growth strategy."
Over the past six months the bank has experienced significant growth with the addition of Flag Bank to its Georgia network, its acquisition of 39 AmSouth banking centers in Alabama and ongoing de novo growth.
"It's clear that we're experiencing rapid growth now and will continue to do so in the future," said Custer. "Our revised structure will support continued growth across our footprint including new markets we're entering."
Most recently, Putt served as CEO of RBC Builder Finance in Houston where she made significant improvements around alignment, performance and stronger integration of RBC Builder Finance into the bank. She will relocate her family from Houston to Raleigh, N.C., to assume her new position. Blake Coules, a 23-year RBC veteran will replace Putt at RBC Builder Finance.
Prior to her role with Builder Finance, Putt served as Commercial Markets president in Georgia leading the team to elevated performance. Before joining RBC Centura, Putt, an 18-year veteran of the Atlanta commercial banking community, held a number of executive positions with First Union National Bank (now Wachovia). She was the Southeast business banking executive where she managed two regional business banking segments across three states, and previously, she was responsible for overseeing First Union's commercial banking operations in Georgia.
A native of Charleston, S.C, Putt earned a degree in bank finance from the University of South Carolina. She attended the ABA National Commercial Lending School and has served on the boards of directors for the Carter Center, Junior Achievement, Midtown Alliance and the Atlanta Chamber of Commerce.
Prior to assuming his current position, Day was regional president in Georgia for RBC Centura where he was responsible for establishing the bank's presence in the state following its initial entry there in 2002 and leading its branch expansion and growth strategy in the metro Atlanta market. Before joining RBC Centura, Day served as a corporate banker with NationsBank (now Bank of America) in Raleigh.
Day holds a degree in business with a concentration in finance from the University of North Carolina at Chapel Hill. He serves on the board of directors for the Triangle United Way based in Morrisville, N.C., the board of directors for Teach for America and is the incoming Vice Chairman of the Downtown Raleigh Alliance Board of Directors.
About RBC Centura
RBC Centura, headquartered in Raleigh, N.C., offers a wide range of financial services and advice, including a complete line of banking, and mortgage services to individuals, businesses and public institutions throughout the Southeast. RBC Centura's multi-faceted customer access network includes nearly 290 full-service banking centers, an extensive ATM network, and telephone and Internet banking. In addition, RBC Centura offers builder finance products through its RBC Builder Finance division. According to SNL Financial, RBC Centura is the 41st largest U.S. bank based on assets as of June 2006. RBC Centura Banks Inc. is a wholly-owned subsidiary of Royal Bank of Canada (RBC) (NYSE, TSX: RY), Canada's largest bank as measured by assets.
About RBC Builder Finance
Headquartered in Houston, Texas, RBC Builder Finance currently has over 30 loan offices servicing more than 90 major metropolitan markets throughout the United States. RBC Builder Finance is a $2.15 billion national residential construction financing operation specializing in providing financing to experienced residential developers and homebuilders.