RBC Bank Asks Employees, Clients And Community Members To Donate Food For Alabama Tornado Victims
Bank Hosts Food Drive to Benefit Alabama's Tornado Victims
Raleigh, N.C. - May 5, 2011 – In response to the devastating tornadoes of April 27 and 28 in Alabama, RBC Bank is hosting a food drive, among other efforts, to help storm victims.
“We are glad to help our neighbors in need during this difficult time, and we thank our employees, clients and friends for donating food for this important cause,” said Scott Stafford, regional president for RBC Bank.
Statewide Food Drive - Neighbors Helping Neighbors
Recognizing that neighbors in communities across the state are facing the task of rebuilding while restocking the pantries of hundreds of storm damaged homes, more than 80 RBC Bank locations throughout the state of Alabama are collecting food and other items to be contributed to the Alabama Food Bank Association for distribution to families and individuals in need. Non-perishable items to be collected at designated RBC Bank locations include:
The bank’s multi-part response to help Alabama communities in the storm’s path also includes donations of more than $42,000 to Alabama nonprofits to assist in clean-up and restoration efforts. Additional RBC Bank storm recovery efforts include:
Leaders Lending a Helping Hand
In the immediate aftermath of the storms, on Thursday, April 28, RBC Bank’s Alabama leadership team led by Scott Stafford and Jim Hansen, purchased and distributed much-needed basic items such as paper products, bottled water, toiletries, flashlights and other items to help serve the immediate needs of clients and residents of communities who lost their homes in Hueytown, AL, area. On Friday, April 29 these leaders also delivered supplies to Morgan, Madison and Limestone counties in North Alabama and served free meals grilled outdoors at three banking centers in those communities.
Employee Volunteer Efforts and Donations
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 and United Way agencies that are assisting Alabama residents in the wake of the storm.
Employee Relief Fund
The bank, which had 18 financial centers with power loss in Tuscaloosa and North Alabama, did not report any loss of life among the state’s 800 employees. However, RBC Bank employees in Alabama, 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.