Wake Tech and RBC Bank Announce “Dollars & Sense” Speaker Series

October 19th, 2010


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Initiative Designed to Increase Financial Education Among Students

RALEIGH, N.C. (October 19, 2010) - Students who attend Wake Technical Community College will soon learn ways to achieve financial - as well as academic - success. RBC Bank is sponsoring the "Dollars & Sense" Speaker Series at Wake Tech. The goal is to help students minimize their debt, while learning how to better manage their finances. Representatives with RBC Bank presented Wake Tech officials with a $20,000 check at today's meeting of the Wake Tech Board of Trustees.

"We understand the importance of financial education, as it not only helps the students or individuals who benefit from it directly, but that it helps to create a more knowledgeable society and thus stronger economy," said Joe Cooper, senior vice president of Technology and Operations for RBC Bank and board member of the Wake Tech Community College Foundation. "RBC Bank is proud to establish this speaker series at Wake Tech to help do just that."

"This initiative is very timely - and critically important," said Dr. Stephen C. Scott, president of Wake Tech. "We want our students to understand the importance of borrowing wisely and help them to be better prepared as they enter the working world."

Two thirds of U.S. college students borrow money for their education without fully understanding the consequences, saddling themselves with crippling debt. The RBC Bank Dollars & Sense Speaker Series will be aimed at helping students avoid common pitfalls and building savvy financial skills for success.

About Wake Technical Community College: Wake Technical Community College is North Carolina's second largest community college, serving more than 63,000 students annually with five campuses, two training centers, multiple community sites, and a comprehensive array of distance learning options. Wake Tech is fully accredited and offers more than 165 associate's degrees, diplomas, and certificates that prepare students for university transfer or immediate employment. Wake Tech also offers non-credit continuing education programs: customized workforce training, small business support, public safety officer training, basic skills courses such as English as a Second Language and high school equivalency preparation, and other courses for personal enrichment. For more information, visit www.waketech.edu .

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 38th largest U.S. bank by consolidated assets, according to SNL Financial List of the Nation's 50 Largest Banks, September 2, 2009. 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.

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