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RBC Bank Appoints New Regional President in Georgia

Jeffrey Scharps Brings Nearly Three Decades of Banking Experience to New Role

Raleigh, N.C. – December 7, 2010 – RBC Bank recently appointed Jeffrey Scharps as regional president of Retail Banking for the bank’s Central Region, based in Atlanta, Ga. He brings more than 27 years of banking experience to this new role.

As regional president, Scharps will lead retail banking in the bank’s Central region, which is made up of 102 branches in Western North Carolina, South Carolina and the Metro Atlanta markets in Georgia.

“Jeffrey’s considerable banking experience paired with his successful leadership ability make him an excellent leader for our Retail Banking teams in our Central Region,” said Reggie Davis, president of RBC Bank.

Since joining RBC Bank in 2009, Scharps has served as regional manager in the bank’s South Florida region. He previously spent the majority of his career with Wachovia where he was most recently the service director for Palm Beach County. In that role, he oversaw sales leadership for more than 80 branches. Prior to that role, he held numerous positions throughout the retail organization.

Scharps received his bachelor’s degree in Business Management from Florida Atlantic University. He has been an active member in the communities where he has lived, participating in both business development and philanthropic organizations. He will be based at RBC Bank’s Midtown office in downtown Atlanta, and plans to become active in the Atlanta community.

Former regional president Brian Repp accepted a new role leading the bank’s client experience strategy, ensuring the bank’s delivery of superior service and advice to its clients. Repp has taken on the role of vice president of Client Experience.

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 420 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 40th largest U.S. bank by consolidated assets, according to SNL Financial’s List of the Nation’s 50 Largest Banks, September 2010. 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, having appeared on the Dow Jones Sustainability World Index every year since its creation in 1999. Additional information about RBC Bank may be found at