RBC announces $150,000 donation to support Hurricane Ian relief efforts

Rhea-AI Summary

Royal Bank of Canada (TSX: RY) announced a $150,000 USD donation to the American Red Cross to aid Hurricane Ian victims. This donation encompasses contributions from various RBC sectors, including RBC Capital Markets and City National Bank. To further support relief efforts, RBC has initiated an internal donation campaign for employees and introduced a financial relief program for impacted clients. RBC operates 257 locations in the U.S. with over 15,100 employees. The bank's commitment to community support remains evident through its various initiatives.

Positive

• Donation of $150,000 USD to the American Red Cross.
• Internal donation campaign to encourage employee contributions.
• Launch of a financial relief program for affected clients.

Negative

• None.

TORONTO, Oct. 5, 2022 /PRNewswire/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced a donation of $150,000 USD to the American Red Cross in support of people who have been impacted by the devastation of Hurricane Ian. This donation comes from across RBC's U.S. businesses: RBC Capital Markets, RBC Wealth Management, City National Bank, and RBC Bank.

RBC has also initiated an internal donation campaign enabling our employees' ability to support the relief efforts.

In addition, RBC Bank has launched a financial relief program that will provide advice and assistance for impacted RBC Bank clients in the region. Affected clients should visit www.rbcbank.com for more information.

Those wanting to help support relief efforts are encouraged to donate to the American Red Cross by visiting redcross.org/donate, calling 1-800-RED CROSS, or texting the word IAN to 90999 to make a $10 donation.

RBC has 257 locations and 15,100+ employees across the U.S., and we are committed to supporting our clients and communities throughout the region.

About RBC

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 92,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

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SOURCE RBC

FAQ

What is the donation amount announced by Royal Bank of Canada for Hurricane Ian relief?

Royal Bank of Canada announced a donation of $150,000 USD to support Hurricane Ian relief efforts.

Which organizations benefit from RBC's donation for Hurricane Ian?

The American Red Cross is the primary organization receiving RBC's donation for Hurricane Ian relief.

What financial support initiatives has RBC launched for Hurricane Ian victims?

RBC has initiated a financial relief program for impacted clients and an internal campaign for employee donations.

How many employees does RBC have in the U.S.?

RBC has over 15,100 employees across 257 locations in the U.S.

When was the donation to the American Red Cross announced by RBC?

The donation was announced on October 5, 2022.