RBC Bank Announces $20,000 Investment to Wake Education Partnership
Leadership Gift Places RBC Bank Among Group’s Cornerstone Investors
Raleigh, N.C. – January 18, 2011 – RBC Bank has continued its long-standing support of Wake Education Partnership with a new gift of $20,000, announced today during a check presentation ceremony at RBC Plaza in downtown Raleigh.
With this investment, the Raleigh-based bank extends its role as a leading contributor to the state’s oldest independent local education fund. Over the past five years, RBC Bank has contributed more than $100,000 to the Wake Education Partnership, which started in 1983 as a source of funds to promote innovative teaching, student achievement, teacher enrichment and professional development. Today, while still providing grants to support teaching innovation, the Wake Education Partnership focuses on bringing together a wide range of people and groups within the community to help develop a shared set of goals and resources for the public schools.
“RBC Bank places a priority on creating better educational opportunities everywhere we do business. It is particularly appropriate that we continue to support the important work of the Wake Education Partnership in our headquarters community,” said Jim Brown, managing director of Public & Institutional Banking for RBC Bank, and a board member of Wake Education Partnership.
Joining Brown in presenting the RBC Bank check were other members of the bank’s Triangle team: Laura Hulsey, regional vice president of Commercial Markets; Chip Kitchings, relationship manager; and Marcus Smith, account manager in Public & Institutional Banking.
“With this investment, RBC Bank once again takes a leadership role in shaping the future of our community’s public schools and joins a very special group of organizations that we salute as Cornerstone Investors,” said Steve Parrott, president, Wake Education Partnership. “Major gifts such as this one by RBC Bank truly are the foundation that sustains our organization as we work to advance student achievement and our public schools in Wake County.”
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 www.rbcbankusa.com.