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RBC BANK ANNOUNCES MANAGER OF CROSS BORDER BANKING

Priscilla Awkard to Oversee Cross Border Banking for the Carolinas


RALEIGH, N.C. – Jan. 8, 2009 – RBC Bank recently announced the appointment of Priscilla Awkard as manager of Cross Border Banking for North and South Carolina.

In this new role, Awkard will work closely with RBC Bank market leaders and the North and South Carolina sales forces to offer cross border banking to clients who work, travel or live in both the U.S. and Canada. She brings more than eight years of experience with RBC Bank to her new role.

“Priscilla’s dedication and enthusiasm for helping our cross border clients, as well as her extensive background in banking, makes her a great fit for this new position,” said Alain Forget, director of Cross Border Banking for RBC Bank. “With the growing need for cross border services in the Carolinas, Priscilla will help our clients have the best banking experience possible.”

Since its inception in 2003, RBC Bank’s Cross Border Banking business has grown to more than 55,000 Canadian clients, with more than 5,000 in the Carolinas. One of the greatest benefits of RBC Bank’s Cross Border Banking program is that it allows clients to transfer money between Canada and the U.S. seamlessly and to take advantage of their Canadian credit history, making the approval process and the establishment of their U.S. credit history much easier. More than 2.5 million Canadians visit the southeastern United States each year and more than 400,000 Canadian Snowbirds are spending a few weeks to six months a year in these areas to escape the Canadian winter.

Awkard holds a bachelor’s degree from Elon University. She is based at RBC Plaza in Raleigh, N.C.

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 e found at www.rbcbankusa.com.

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