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Stock impact report

LA bank calls Charlotte ‘a huge opportunity' as it brings 120 jobs to uptown [Yahoo! Finance]

Royal Bank Of Canada (RY) 
Last royal bank of canada earnings: 2/21 06:00 am Check Earnings Report
US:NYSE Investor Relations: rbc.com/investorrelations/index.html
Company Research Source: Yahoo! Finance
The one-floor uptown office will house about 120 employees in four departments: risk management, audit, credit products and commercial banking, Charlie Arndt , executive vice president of middle market southeast region for City National, told The Charlotte Observer. City National Bank does not have commercial bank branches in the Carolinas. Another 5,700-square-foot office will open Monday in Greenville, S.C., where Arndt has lived for 30 years. The new offices are part of the bank's long-term growth strategy and builds on parent company Royal Bank of Canada 's regional presence, the Los Angeles-based bank said. City National Bank has Southeast offices in Atlanta, Nashville and Miami. Arndt said bank employees have worked remotely in the region, but the offices emphasize the bank's commitment to investing more resources in the rapidly growing Southeast, particularly the Carolinas. “Charlotte and Greenville are vibrant, innovative markets,” City National CEO Howard Hammond s Show less Read more
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