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News Release

For immediate use

Oct. 10, 2006 -- No. 473

$1 million RBC Centura gift will support leadership
initiative at UNC's Kenan-Flagler Business School

CHAPEL HILL - RBC Centura has pledged $1 million to the Leadership Initiative at the University of North Carolina at Chapel Hill's Kenan-Flagler Business School.

RBC Centura's gift will allow for expansion of the experience-based program launched in August 2005. The initiative assesses and develops students' leadership skills in a way that integrates their classroom learning with real-world applications.

"RBC Centura's contribution is an extension of its ongoing commitment to supporting education, diversity and economic development," said Scott Custer, CEO of RBC Centura. "We are excited to help create an environment in which outstanding students can flourish and businesses across our state are positioned for strategic growth."

During the spring 2006 semester, nearly 50 percent of UNC MBA students chose to participate in one or more of the school's leadership-developing activities, in addition to their coursework. The program complements existing courses to accelerate students' development of leadership skills by:

"By exposing students to leadership principles inside and outside the classroom, we give them opportunities to put theory into practice. To our knowledge, no other business school offers such an integrated model for developing leadership and assisting in a state's economic development," said Mindy Storrie, director of UNC Kenan-Flagler's Leadership Initiative.

"RBC Centura values its association with Kenan-Flagler Business School and the University of North Carolina at Chapel Hill, and we feel honored to have a part in shaping the future leaders of our state and nation," Custer said.

This gift counts toward the $2 billion goal of the university's Carolina First Campaign, a comprehensive, multi-year, private fund-raising campaign to support Carolina's vision of becoming the nation's leading public university.

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UNC Kenan-Flagler contact: Allison Reid, (919) 962-8951, allison_reid@unc.edu

News Services contact: Kyle York, (919) 962-8589, kyle_york@unc.edu