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RBC Bank Names New Bank President

Reggie Davis Brings 25 Years Banking Experience to New Role


RALEIGH, N.C. – Sept. 9, 2009 – RBC Bank recently announced the appointment of Reginald Davis to president of RBC Bank. Davis has served in seven executive roles with Wachovia since joining the bank in 1985 when he graduated from Morehouse College in Atlanta.

As president of RBC Bank, Davis will lead the bank’s client focused teams with responsibility for achieving and exceeding client satisfaction and revenue goals. Davis will oversee Retail Banking, Commercial Markets, Specialized Businesses, Private Banking and Residential Mortgages.

"Reggie’s experience and market familiarity make him an excellent leader for our client-facing employees in executing our strategy to provide the best possible service to our clients," said Scott Custer, RBC Bank CEO. "We are very pleased he is joining our team, and I look forward to working closely with him."

Among his previous roles at Wachovia, Reggie served as executive vice president and Eastern Banking Group executive, where he led Retail and Wholesale activities in 20 East Coast states to increase revenue and cross-sell of products. He also developed and executed a best practices program that improved consistency and performance and increased efficiency across the bank.

"I was attracted to RBC Bank because of the organization’s strong commitment to its clients, employees and communities," said Davis. "I am very excited to join the bank and to have the opportunity to contribute to the financial strength of the global RBC corporate family."

Davis will be based at RBC Bank’s corporate headquarters 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 be found at www.rbcbankusa.com.

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