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RBC BANK HONORS TEACHERS WITH TRIBUTE TO TEACHERS PROGRAM

Bank to award nearly $30,000 in “Classroom Cash” to 50 teachers across the Southeast


RALEIGH, N.C. – Dec. 1, 2008 – RBC Bank is kicking off its sixth annual Tribute to Teachers program and will award $27,500 to 50 teachers throughout the bank’s Southeast footprint. This year the bank will partner with sister company RBC Wealth Management and expand the winners to also include teachers in Minneapolis, Minn., Oakland, Ca., and Syracuse, N.Y.

“The Tribute to Teachers program is designed to reward the very best educators in the communities where we call home,” said Scott Custer, RBC Bank chairman and CEO. “We are looking forward to honoring the teachers who are dedicated and committed to their students’ futures.”

Tribute to Teachers began in 2004 as a way to recognize elementary and middle school teachers who demonstrate exceptional leadership in the classroom and in their communities. Anyone can nominate teachers online from Dec. 1, 2008, to March 15, 2009, by visiting www.rbcbankusa.com/tribute.

“It was such a great surprise to be nominated by my students and to read what they wrote about me,” said Kim Wakefield, a 2008 winner and a teacher from Semmes Middle School in Semmes, Ala. “I was able to buy art supplies and extra things that we don’t normally have the funds to buy.”

Fifty teachers from Alabama; Florida; Georgia; North Carolina; South Carolina; Virginia; Minneapolis, Minn.; Oakland, Ca.; and Syracuse, N.Y., will each receive $500 to use toward the purchase of classroom learning tools, such as art supplies and audio-visual learning aids.

“It really was an opportunity of a lifetime,” said Holly Humphreys, a teacher at South Topsail Elementary School in Hampstead, N.C., and 2007’s winner of the grand prize shopping spree. “To be able to spend money for things that I need for my kids in the classroom without any rules, it was wonderful!”

About RBC Bank
RBC Bank, headquartered in Raleigh, N.C., offers a wide range of financial services and advice to individuals, businesses and public institutions throughout the Southeast. RBC Bank’s network includes more than 430 full-service banking centers, an extensive ATM network and telephone and online banking. RBC Bank is the 40th largest U.S. bank by consolidated assets, according to the Federal Reserve Statistical Release June 30, 2008. RBC Bank is a wholly-owned subsidiary of Royal Bank of Canada (RBC) (RY on the TSX and NYSE), Canada's largest and most stable bank as measured by assets and market capitalization. Global Finance Magazine named RBC the best bank in Canada in October 2008, and the safest bank in Canada for 10 consecutive years, from 1999-2008. RBC is also one of the world’s financial, social and environmental corporate leaders for the past eight years as on the Dow Jones Sustainability World Index. Additional information about RBC Bank may be found at www.rbcbankusa.com.

About RBC Wealth Management
RBC Wealth Management is a division of RBC Capital Markets Corporation, Member NYSE/FINRA/SIPC. RBC Capital Markets Corporation, a wholly-owned subsidiary of Royal Bank of Canada (RY: TSX, NYSE), is one of the nation's largest full-service securities firms with more than 1,650 financial consultants and 5,000 employees. The company serves individual investors and businesses through offices coast to coast, and capital markets and correspondent clients in select U.S. and international markets. RBC Capital Markets Corporation is a member of the New York Stock Exchange and other major securities exchanges, as well as the Securities Investor Protection Corp.

 

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For more information:
Jamie Mitchell/RBC Bank
Manager, Media Relations
919-788-5613
jamie.mitchell@rbc.com