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ANTHONY KIM SELECTS RBC AS OFFICIAL BANKING PARTNER

U.S. Ryder Cup Signs Multi-year Deal to Represent RBC Brand on PGA TOUR


RALEIGH, N.C. – March 10, 2009 – RBC announced today that Anthony Kim, two-time PGA TOUR winner and 11th ranked golfer in the world, has selected RBC as his exclusive North American financial partner and the parties have reached a multi-year endorsement agreement. 

“I am thrilled that our parent company RBC is able to continue to invest in sponsorships, such as the one we announced today with Anthony Kim,” said Scott Custer, chairman and CEO of RBC Bank, a fully-owned subsidiary of RBC with 441 banking centers throughout the Southeastern U.S. “Today more than ever, we understand how fortunate we are to be part of one of the largest, most stable financial institutions in North America. It gives us the advantage of being able to offer our clients the best of both worlds – providing our clients quality customer service in their communities with the resources of a strong Canadian bank.”

RBC is the title sponsor of the RBC Canadian Open, Canada’s national golf championship and the third oldest national championship in the world. RBC is the largest financial institution in Canada, the 4th largest in North America, and the 10th largest in the world. RBC has an extensive retail profile in banking, capital markets and wealth management in the U.S., Canada and 52 other countries.

For the term of the agreement, Kim will become a staple of RBC’s advertising and marketing efforts in the U.S., and carry an RBC branded bag while playing the PGA TOUR.

“RBC is proud to be associated with Anthony Kim, a highly recognizable world-class, professional athlete who can help us grow our brand in the U.S.,” said Jim Little, RBC Chief Brand and Communications Officer. “Anthony’s image on the golf course as a professional, a creative shotmaker and a winner will be accompanied by the RBC branded bag at PGA TOUR events and be seen by millions on network broadcasts and PGA TOUR event coverage.”

Kim noted several factors that led to the deal. “I realize how important finding the right fit is when it comes to a successful partnership,” Kim said. “Since I played the RBC Canadian Open last year, I’ve been impressed by RBC, its brand and its leadership team, especially as I got to understand more about the company’s global reputation as one of the world’s most stable and strong financial institutions.” “I’m looking forward to working with the RBC business leaders, meeting their clients, and contending at the RBC Canadian Open for many years to come,” Kim said.

“Anthony is a rising star on the PGA Tour who has continually demonstrated values that RBC holds dear,” Little said. “He is a Champion. AHe is a Ryder Cup hero. He plays with determination and precision, is a driven competitor and is an excellent ambassador for the game, and we feel for the future of the PGA TOUR. From client hosting to branded experiences for golfers and golf fans in both Canada and the U.S., we look forward to building on our successes in golf with Anthony.”

RBC is one of only two global corporations associated with Anthony Kim that have a branded presence on the PGA TOUR.

From the moment RBC announced their title sponsorship of the RBC Canadian Open in late 2007, RBC and the RCGA (Royal Canadian Golf Association) have been working tirelessly on a plan to make the RBC Canadian Open best in class. In 2008, the PGA TOUR recognized the RBC Canadian Open for having the most improved on-site presentation.

“This partnership with Anthony is one example of how we plan to build on the tournament’s successes in 2008,” Little said.

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

Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name RBC. We are Canada’s largest bank as measured by assets and market capitalization, one of North America’s leading diversified financial services companies and among the largest banks in the world, as measured by market capitalization. We provide personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. We employ more than 80,000 full- and part-time employees who serve more than 18 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 52 other countries. For more information, please visit rbc.com.

RBC AND THE RBC CANADIAN OPEN

In partnership with the Royal Canadian Golf Association (RCGA), RBC is the title sponsor of the RBC Canadian Open, the third oldest national golf championship worldwide, next only to the British Open and the U.S. Open. With a history of great players and premier fields, the RBC Canadian Open provides golf fans with the opportunity to experience the excitement of a world class event on Canadian soil. RBC also sponsors all levels of amateur sport, from grassroots programs in local communities to national sport organizations and elite-level athletes.

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For more information:
Dorsey Landis
RBC Bank/(919) 788-6272
Dorsey.Landis@rbc.com