RBC Mortgage
Royal Bank of Canada is also known as RBC Financial Group --
and Canada's largest financial institution -- the bank operates in three, newly
created segments: a Canadian consumer unit (includes banking, investments, and
insurance), an international consumer unit (oversees banking and investments in
the US), and a wholesale unit (includes capital markets, and corporate and
commercial banking).
In addition to more than 1,300 domestic locations, the bank has about 40 offices
in the Caribbean and more in some 30 countries. Its US operations include
brokerage firms RBC Centura Banks, which operates in the Southeast, and RBC Dain
Rauscher, which operates primarily in the West.
RBC Centura Bank. the subsidiary of Royal Bank of Canada has more than 240
locations in North Carolina (home to the lion's share of its branches), Florida,
Georgia, South Carolina, and Virginia. The bank provides consumer and commercial
deposit and lending services, as well as securities brokerage, asset management,
insurance, and retail leasing. Residential mortgages, business loans,
construction and land development loans, and commercial mortgages comprise most
of its lending activities. RBC Centura Banks also provides access to its
parent's capital markets, venture capital, and private equity services.
RBC Dain Rauscher Formed by the 1997 merger of Dain Bosworth and Rauscher Pierce Refsnes, and acquired by Canada's RBC Financial Group in 2001, the company provides brokerage services in the western US and investment banking services to government and corporate clients nationwide. Traditional investment banking activities include advising, underwriting, market making, and clearing services. The firm's acquisition of Boston broker-dealer Tucker Anthony Sutro and First Institutional Securities have helped make RBC Dain Rauscher one of the 10 largest full-service brokers in the US.
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