Dain Rauscher Parent, RBC Financial Group, Donates $1 Million for Relief Efforts in the United States.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Sept. 13, 2001 Dain Rauscher's parent organization, RBC Financial Group, announced today it will donate $1,000,000 (U.S.) to the September 11th Fund The September 11th Fund was created by the New York Community Trust [1] and the United Way of New York City[2] in response to the destruction of the World Trade Center on 9/11/2001. to assist victims of the tragic events in the United States. The donation is being made on behalf of all Dain Rauscher and RBC employees and companies worldwide. "This is a tribute to the generosity of Royal Bank of Canada Bank of Canada Canada's central bank, established under the Bank of Canada Act (1934). It was founded during the Great Depression to regulate credit and currency. The Bank acts as the Canadian government's fiscal agent and has the sole right to issue paper money. and RBC Financial Group," said Irving Weiser, chairman, president and CEO of Dain Rauscher. "We are proud to be part of a caring organization that shares Dain Rauscher's tradition of community leadership." "None of us can help but be affected by a tragedy of these proportions, whether we live and work in the areas directly affected or not," said Gordon Nixon, president and CEO of RBC Financial Group. "On behalf of all our employees worldwide, I extend our deepest sympathies and regrets to the families and friends of those directly affected by these senseless acts of violence." The September 11th Fund was established by The United Way of New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and New York Community Trust New York Community Trust was founded in 1924 by a group of New York bankers. It is one of the oldest and largest community foundations in the United States with 2006 assets of over $1.9 billion. to aid the victims of Tuesday's tragic events, and their families. While the group is based in New York, it will assist victims in all of the cities affected by the events of Tuesday, September 11th. It will also support other emergency assistance agencies such as the Red Cross. RBC Financial Group has over 10,000 employees in the United States. Its major American subsidiaries include: RBC Centura, Rocky Mount, North Carolina  This article needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. ; RBC Liberty Insurance, Greenville, South Carolina
Greenville is a mid-sized city located in the upstate of South Carolina. It is the county seat of Greenville CountyGR6 ; RBC Prism, Chicago, Illinois; RBC Dain Rauscher, Minneapolis, Minnesota, and their prospective colleagues at Tucker Anthony Sutro, Boston, Massachusetts; and the U.S. arm of RBC Dominion Securities
"This is a very difficult time for all our colleagues and customers, particularly those in the United States," said Mr. Nixon. "I want them to know that our thoughts and prayers are with them, and with the families impacted by these tragic events." RBC has undertaken a number of other activities worldwide in response to the tragedy: -- In Canada, employees, customers and the general public may make donations to the Canadian Red Cross (USA Appeal) at any RBC Royal Bank branch starting September 14, 2001. -- In the U.S., RBC Centura branches in North Carolina, South Carolina and Virginia will be accepting donations to the September 11th Fund and the American Red Cross. In addition, the RBC Dain Rauscher Foundation will match any contributions made by RBC Dain Rauscher employees to the September 11th Fund or other relief efforts. -- Assistance and post-trauma support is available to all employees and their families through the RBC EmployeeCare Program. -- U.S. and Canadian-based RBC employees have been encouraged to contribute to the blood donation efforts. RBC Financial Group has more than 500 employees in Manhattan. Those located at One Liberty Plaza One Liberty Plaza is a skyscraper in lower Manhattan, New York, which resides at the location of the former Singer Building (in 1968, the second tallest building to be demolished). One Liberty Plaza is currently owned and operated by Brookfield Properties. , not far from the World Trade Centers, were evacuated safely early on Tuesday morning. Dain Rauscher Corporation, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Royal Bank of Canada (NYSE NYSE See: New York Stock Exchange :RY), is one of the nation's largest full-service securities firms with 1,130 investment executives and 4,080 employees. The company's broker-dealer, Dain Rauscher Incorporated, serves individual investors and small business owners through offices located predominantly in the western half of the United States, and capital markets and correspondent clients in select U.S. and international markets. Founded in 1909, Dain Rauscher Incorporated is a member of the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and other major securities exchanges, as well as the Securities Investor Protection Corp. The company's headquarters are located at Dain Rauscher Plaza, 60 S. Sixth St., in Minneapolis. RBC Financial Group is the brand name for Royal Bank of Canada (TSE, NYSE:RY) and its subsidiaries. The company employs more than 58,000 people who serve more than 12 million personal, business and public sector customers in North America and in some 30 countries around the world. For more information, please visit www.royalbank.com. |
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