RBC Bank Asks Employees, Clients And Community Members To Donate Food For North Carolina Tornado Victims
Bank Hosts Food Drive to Benefit North Carolina’s Tornado Victims
Raleigh, N.C. - May 5, 2011 – In response to the deadly tornadoes of April 16 that raked through almost a third of North Carolina’s 100 counties, RBC Bank is hosting a food drive, among other efforts, to help storm victims.
“RBC Bank has a long-standing tradition of responding to neighbors in need, in both good and bad times,” said Reggie Davis, president of RBC Bank. “In keeping with this tradition, we are glad to offer recovery assistance to employees, customers and communities impacted by storm.”
May Food Drive - Neighbors Helping Neighbors
Recognizing that neighbors in communities across the central and southern parts of the state are facing the task of rebuilding while restocking the pantries of hundreds of storm damaged homes, more than 70 RBC Bank locations in Central and Eastern North Carolina are collecting food and other items during the month of May for several local Food Bank organizations. Non-perishable items to be collected at designated RBC Bank locations include:
The bank’s multi-part response to help North Carolina communities in the storm’s path also includes donations of more than $40,000 to nonprofits to assist in clean-up and restoration efforts. Additional RBC Bank storm recovery efforts include:
RBC Bank Employees Giving Back
The bank has also encouraged RBC Bank employees to volunteer in their communities during the storm’s aftermath, offering their time and talents to help their neighbors in need. In addition, the bank’s policy is to match 50 percent of an eligible employee’s tax deductible gifts up to $2,000 per year. So, qualified local relief efforts that employees choose to contribute to will also be eligible to receive these matching funds from RBC Bank. For employees seeking time off from work to volunteer, RBC Bank has an established process and has sent reminders to employees along with a list of local Red Cross, food bank and United Way agencies that are assisting North Carolina residents in the wake of the storm.
RBC Bank has donated $25,000 to the Red Cross and designated that the gift be for direct assistance to areas damaged by the storms. In addition, the bank has given:
Employee Relief Fund
The bank did not report any loss of life among the state’s 2700 employees. However, RBC Bank employees in North Carolina, like their neighbors, have experienced property loss. RBC Bank is sponsoring an employee relief fund to support employees whose lives, homes or belongings have been impacted by natural disasters. The bank-sponsored fund is established to receive contributions from RBC Bank employees to help fellow employees in need.
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. For ten consecutive years, RBC has been named to the prestigious Dow Jones Sustainability World Index. RBC has been listed as one of the most sustainable large corporations in the world for six years in a row, according to the annual ranking by Corporate Knights. And, in February of this year, RBC was ranked 31st in The World's Most Respected Companies by Barron's, and third among financial institutions. More information about RBC Bank may be found at www.rbcbankusa.com.