The bank, with registered head office in Toronto, Canada, operates as a commercial bank. In 1864, the bank was founded as the Merchants Bank by Halifax merchants J.W. Merkel, Edward Kenny, T.C. Kinnear, John Duffus, William Cunard, John Tobin, George P. Mitchell, and Jeremiah Northup.The bank, through its measured assets and market capitalization, is considered as the largest bank in the country. Its operations are grouped according to its business locations. In Canada, the bank offers personal and business banking, wealth management, insurances, corporate and investment banking as well as transactions processing services. In the United States, the bank offers personal and commercial banking, insurance, and full-service brokerage as well as corporate and investment banking services.In this region, its services are provided through its subsidiaries RBC Centura, RBC Insurance, RBC Dain Rauscher and RBC Capital Markets. In countries outside North America, the bank offers investment banking and trading, correspondent banking and reinsurance services as well as private banking and wealth management services.In Canada, the bank serves more than 420,000 small business clients and 180,000 commercial clients. In the United States, the bank serves approximately 58,000 small business clients in the states of North Carolina, Georgia, Virginia, South Carolina and Florida. The bank's common shares are traded on the Toronto Stock Exchange under the ticker symbol RY.
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