SILCON VALLEY (June 25, 2018) — On June 23, RBC Capital Markets, in partnership with City National Bank and RBC Wealth Management, hosted its GranFondo Silicon Valley cycling event, the newest addition to RBC’s recreational GranFondo cycling circuit. The three businesses donated a combined $125,000, which was donated to four youth-focused non-profits that are making a significant impact on the lives of Silicon Valley’s youth, including: BizWorld, Girls Who Code, Positive Coaching Alliance, and Tipping Point

“RBC is committed to supporting our future generation of leaders and the communities where we live and work – this event is a fantastic way to give back and celebrate the outstanding work of youthserving organizations in the community,” said John Thurlow, Chief Operating Officer of RBC Capital Markets and Interim CEO of RBC Capital Markets LLC. “RBC GranFondo Silicon Valley is not just a ride, it’s an opportunity to experience a challenging course from Silicon Valley, to the majestic Santa Cruz Mountains, to the Pacific Ocean, while supporting our local communities and incredibly deserving charities.”

Set in California’s high-tech venture capitalist heartland and a true cycling paradise, the event recognizes the positive work of local Silicon Valley organizations that are working to serve and better our youth.

“We are pleased to partner with RBC to host this spectacular event and we applaud all the cyclists who participated,” said Michael Walker, Northern California Regional Executive for City National Bank, which has 10 branches in the Bay Area, including San Francisco, San Jose, Oakland and Walnut Creek. “This year’s GranFondo Silicon Valley was a tremendous success, raising money to four local non-profits that are making a significant impact for Silicon Valley’s future leaders. We are grateful for all those who participated and contributed.”

“At RBC, our culture is deeply rooted in supporting our communities, and we are extremely proud to be a sponsor of the RBC GranFondo,” said Michael Armstrong, CEO of RBC Wealth Management – U.S. “We are a strong supporter of youth-focused organizations, and want to continue to be a trusted partner to both our clients and our community.”

For more on RBC GranFondo Silicon Valley and the benefitting charities, click here

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 81,000+ employees who 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 16 million clients in Canada, the U.S. and 34 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 http://www.rbc.com/communitysustainability/

About City National

With $48.8 billion in assets, City National Bank provides banking, investment and trust services through 71 offices, including 19 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville, Atlanta, Minneapolis and Washington, D.C. In addition, the company and its investment affiliates manage or administer $64.9 billion in client investment assets.

City National is a subsidiary of Royal Bank of Canada (RBC), one of North America’s leading diversified financial services companies. RBC serves more than 16 million personal, business, public sector and institutional clients through offices in Canada, the United States and 34 other countries.

For more information about City National, visit the company’s website at cnb.com.

Media Contacts

Debora Vrana
City National
Email: Debora.Vrana@cnb.com
Phone: 213-673-7631

Lauren Hopkinson
RBC Capital Markets
Email: lauren.hopkinson@rbc.com
Phone: +1.212.428.5464