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RBC Bank Honors Teachers with Tribute to Teachers Program

Bank to award nearly $43,000 in "Classroom Cash" to 70 teachers


RALEIGH, N.C. – Dec. 10, 2009 – RBC Bank is kicking off its seventh annual Tribute to Teachers program and will award $43,000 to 70 teachers throughout the bank’s Southeast footprint as well as Minneapolis, Minn. and Oakland, Ca. For a second year, the bank is partnering with sister company RBC Wealth Management to include 10 teachers in the Twin Cities of Minneapolis and St. Paul and in the Oakland and San Francisco Bay Area where RBC Wealth Management has ongoing partnerships with major universities to support other youth education and charitable initiatives.

"Teachers are not always recognized and rewarded for their tireless work and relentless pursuit of excellence in education," said Reggie Davis, RBC Bank president. "The Tribute to Teachers program aims to do just that, as we look to our clients and fellow community members to help us determine the best educators in the communities where we call home. We look forward to rewarding those teachers and to providing them with funds to help improve their classrooms."

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, 2009, to March 14, 2010, by visiting rbcbankusa.com/tribute.

"With the Classroom Cash I received from the Tribute to Teachers program, I purchased an alphabet rug…puppets…technology supplies and several sets of letter tiles to practice making words," said Marilyn Speece, a teacher at Bayshore Elementary School in Bradenton, Fla., and past winner. "Our classroom is a richer learning environment because of RBC Bank’s caring."

Seventy teachers from Alabama, Florida, Georgia, North Carolina, South Carolina, Virginia, Minneapolis, Minn. and Oakland, Ca. will each receive $500 to use toward the purchase of classroom learning tools, such as art supplies and audio-visual learning aids. Four of these winners will be randomly selected to also receive a $2000 school supply shopping spree.

"This has been a teacher’s wildest dreams come true," said Patricia Powers, a teacher at Braxton Craven School in Trinity, N.C., and last year’s winner of the grand prize shopping spree. "The shopping spree was a blast! I enjoyed coming back to school to share the new supplies with my students."

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 in six states (Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia), an extensive ATM network and telephone and online banking. RBC Bank is the 38th largest U.S. bank by consolidated assets, according to SNL Financial’s List of the Nation’s 50 Largest Banks, September 2, 2009. 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. In August 2009, Global Finance Magazine ranked RBC as the safest bank in the Western Hemisphere. 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

In the United States, RBC Wealth Management operates as a division of RBC Capital Markets Corporation. Founded in 1909, RBC Capital Markets Corporation is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority and other major securities exchanges, as well as the Securities Investor Protection Corp. RBC Wealth Management has over $160 billion of assets under administration and more than 2,200 financial consultants operating in over 200 locations in 42 states.

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