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The U.S. subsidiary of Royal Bank of Canada, RBC Bank chief executive Scott Custer retire

By Caroline Mittermair for CEOWORLD Magazine Updated:October 1, 2009

Scott Custer, chairman and chief executive of RBC Bank, The U.S. subsidiary of Royal Bank of Canada, announced his plans to retire.

Royal Bank reported that its international business lost $86 million in the fiscal third quarter that ended July 31. Canada’s largest bank did not detail RBC Bank’s performance from the rest of its international business.

Raleigh-based RBC Bank has more than 5,000 employees and 430 branches in Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia.

Scott Custer guides RBC Bank’s overall strategy and operations, managing for growth and strong returns. Additionally, he leads the RBC Bank management team in setting the bank’s business strategies as it grows its presence in the Southeast. In his previous role as president of RBC Bank, Custer was responsible for retail and commercial banking delivered through RBC Bank’s regional market structure.

Custer has 25 years of experience in the financial services sector. Before joining RBC Centura, he served as a commercial banking manager for First Union National Bank and began his career as a commercial banking officer with Wachovia Bank. He holds a bachelor’s degree in economics and business administration from the College of William and Mary.

As an active member of the local community, Custer sits on boards of directors for the NC Chamber, the YMCA of the Triangle Area and the NC Museum of Art Foundation Board. As part of his role on the NC Chamber board, he also is a member of the Executive Committee, Long Range Planning Committee and the Finance & Audit Committee. In addition, he is chair of the board of directors for Communities in Schools of North Carolina and a member of the NC Education Ball. He chaired the Wake Education Partnership’s 2008 Annual Campaign as well as the 2009 Triangle Heart Ball Auction.

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