RBC Bank Contributes $50,000 To Rocky Mount/Edgecombe Community Development Corporation
Current Gift Continues Bank’s History of Strong Support for Local Community Development Projects and Human Services Programs
Raleigh, N.C. – March 14, 2011 – RBC Bank has made a $50,000 contribution to the Rocky Mount/ Edgecombe Community Development Center in support of the organization’s Housing Development Center and its work. The non-profit group’s Housing Development Center is housed in a former RBC Bank branch made available by the bank to RMECDC in 2009. RBC Bank’s most recent donation of $50,000 is in addition to the bank’s $50,000 gift to the organization in 2010.
“These gifts of $100,000 in two years continue a legacy of leadership and support by RBC Bank that fuels the growth and health of our community,” said Joyce Dickens, president/CEO of RMECDC. “Now more than ever our organization looks to our partners in the private sector for help, and there is no question that RBC Bank is at the front of that line of corporate leaders making a huge difference here.”
RBC Bank and its predecessor organizations have operated for more than 110 years in Rocky Mount and area communities.
“RBC Bank is pleased to be a partner with RMECDC,” said Reggie Davis, president, RBC Bank. “We know that investing in community and economic development is a long-term and comprehensive proposition, and that’s why we have been pleased to support this organization for more than 20 years.”
Since its inception in 1988, Rocky Mount/Edgecombe Community Development Corporation, a non-profit organization, has served as an economic development engine, creating tax base, homes, new communities, infrastructure, jobs and has helped citizens of Rocky Mount, Edgecombe and Nash Counties to build a better quality of life by providing housing development, small business development, housing foreclosure mitigation counseling, and job creation.
RMECDC has served thousands of residents in obtaining and retaining home ownership, small business counseling and technical assistance, and assisted in recovery from the devastation of Hurricane Floyd; the organization has helped contribute to the employment of hundredths of jobs created through $30 million in community development (housing, commercial, downtown and neighborhood revitalization). RBC Bank, in partnership with RMECDC, helps support and finance these community economic development initiatives.
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.