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CEO of NC-Based RBC Bank to Retire Next Month

The chief executive of North Carolina-based RBC Bank is retiring.

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The U.S. subsidiary of Royal Bank of Canada announced Thursday that 51-year-old Scott Custer will retire at the end of October. His duties at the Southeast regional bank will be taken over by RBC Bank Chairman Jim Westlake.

A bank spokeswoman said Custer's retirement was a personal decision.

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.