{"id":19718,"date":"2024-10-14T12:31:26","date_gmt":"2024-10-14T16:31:26","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/en-us\/?post_type=rbcwm_newsroom&p=19718"},"modified":"2024-10-14T12:31:27","modified_gmt":"2024-10-14T16:31:27","slug":"rbc-announces-400000-donation-to-hurricane-disaster-relief-in-southeastern-u-s","status":"publish","type":"rbcwm_newsroom","link":"https:\/\/www.rbcwealthmanagement.com\/en-us\/newsroom\/2024-10-14\/rbc-announces-400000-donation-to-hurricane-disaster-relief-in-southeastern-u-s","title":{"rendered":"RBC announces $400,000 donation to hurricane disaster relief in southeastern U.S."},"content":{"rendered":"\n

NEW YORK, MINNEAPOLIS, LOS ANGELES, TORONTO (Oct. 14, 2024) <\/strong>\u2014 Royal Bank of Canada (RBC) announced today it is donating $400,000 to support the millions of Americans grappling with the damages caused by Hurricanes Helene and Milton.<\/p>\n\n\n\n

This donation includes contributions from RBC, the RBC Foundation USA and City National Bank. The American Red Cross will receive $300,000 and the International Medical Corps $100,000 for their Hurricane Helene and Milton disaster relief efforts.<\/p>\n\n\n\n

RBC has also initiated an internal donation campaign enabling our employees’ ability to support the relief efforts.<\/a><\/p>\n\n\n\n

\u201cOur hearts go out to those impacted by these devastating storms,\u201d said Tom Sagissor, president of RBC Wealth Management-U.S. \u201cAs a company with a long history of supporting the communities where we live and work, we are committed to doing our part to help those affected recover from the aftermath of these natural disasters.\u201d<\/p>\n\n\n\n

About RBC<\/strong><\/strong><\/p>\n\n\n\n

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 100,000+ 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\u2019s 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 more than 18 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com<\/a>.<\/p>\n\n\n\n

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com\/peopleandplanet<\/a>.<\/p>\n\n\n\n

About City National Bank<\/strong><\/p>\n\n\n\n

City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92 billion in assets as of July 31, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $101 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.<\/p>\n\n\n\n

For more information about City National, visit the company\u2019s website at cnb.com<\/a>.<\/p>\n\n\n\n

*City National Bank does business in Miami and the state of Florida as CN Bank.<\/em><\/p>\n\n\n\n

For more information, please contact:<\/strong><\/p>\n\n\n\n

Sanam Heidary<\/a>, RBC Capital Markets<\/p>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, MINNEAPOLIS, LOS ANGELES, TORONTO (Oct. 14, 2024) \u2014 Royal Bank of Canada (RBC) announced today it is donating $400,000 to support the millions of Americans grappling with the damages caused by Hurricanes Helene and Milton. This donation includes contributions from RBC, the RBC Foundation USA and City National Bank. 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