Royal Bank of Canada

Lore & Background

Founded in 1864 in Halifax, Nova Scotia, as the Merchants Bank of Halifax, it changed its name to the Royal Bank of Canada in 1901. Its head office moved to Montreal in 1907, and its corporate headquarters relocated to Toronto in 1976. RBC acquired HSBC's Canadian operations in 2024.

In Their Own Story

The ice was still being resurfaced when the first fans trickled in, the Zamboni's white streaks curling under the arena lights. A kid in a faded 2006 championship jersey—worn thin at the elbows, the '1' on the back barely legible—pressed his face to the glass near the bench. Above him, the RBC logo glowed in its familiar blue, and the smell of fresh-cut ice mixed with the sharp tang of cold air from the Zamboni's exhaust. Somewhere in the upper deck, a group of friends were already doing the 'Hockey Night in Carolina' chant, their voices bouncing off the concrete bowl. The kid smiled. He didn't need to hear the name on the marquee. He already knew what this building meant.

Reader's Guide

RBC serves over 19 million clients and has more than 101,000 employees worldwide. It has operations in Canada and 28 other countries, with CA$1.574 trillion of assets under management in 2025.

Did You Know?

• RBC was added to the Financial Stability Board's list of global systemically important banks in November 2017.
• RBC's institution number is 003.
• In 2023, RBC was ranked 38th in the Forbes Global 2000.