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RBC Bank Names New Chief Financial Officer

Glenn McCoy Brings 28 Years Banking Experience to New Role


RALEIGH, N.C. – Sept. 21, 2009 – RBC Bank today announced the appointment of Glenn D. McCoy to chief financial officer of RBC Bank. As CFO, McCoy will lead the Finance division in developing key strategic performance targets and partnering with the business to analyze and achieve those financial goals.

"Glenn brings deep industry knowledge to RBC Bank and is the right person to help us increase efficiencies and prepare for future growth," said Scott Custer, RBC Bank CEO. "We are excited to have him joining our team."

McCoy joins RBC Bank after 28 years with Wachovia Corporation and First Union, where he was most recently the chief financial officer of the Mortgage and Retail Credit division and led major initiatives that improved the division’s profitability and future capability.

"I am privileged to be working with an enthusiastic team focused on clients and communities," said McCoy. "RBC’s financial soundness gives us every opportunity for success and profitable growth. I am excited to be a part of moving RBC Bank forward."

McCoy is a graduate of Westminster College in Fulton, Mo., and received a master’s degree in business administration from the University of Chicago. He 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