Magazine article American Banker


Magazine article American Banker


Article excerpt

Men of the Year

The move last year of its headquarters to Raleigh, N.C., has won a local thank you for Scott Custer, the chief executive of RBC Centura Banks Inc.

The weekly Triangle Business Journal of Raleigh named Mr. Custer, 47, its "businessperson of the year." It credited him with "steering RBC Centura out of choppy financial waters and for delivering ... one of the largest corporate headquarters in the city's history."

The paper's Dec. 30 issue presented a "day in the life" profile of the CEO. Readers learned that he makes regular trips to branches to gauge their performance; has been known to eat pound cake for breakfast; and likes to keep a local delicacy, Chick-fil-A barbecue sauce packets, within easy reach while driving.

Mr. Custer became the CEO of the Royal Bank of Canada unit in October 2004, amid a major restructuring. It reduced its work force by 3.5% and began to reemphasize commercial businesses, such as commercial real estate lending. The official move to Raleigh from Rocky Mount, N.C., took place last summer.

In the fiscal year that ended last October, revenue was up 15%, loans 16%, and deposits 9%.

New Berths

Several investment bankers in Middle Atlantic states have been on the move in recent weeks.

David Lazar rejoined Ryan Beck & Co. Inc. on Monday as a managing director, after an absence of more than a decade. Mark Micklem and Derrick Williams, two former Legg Mason Inc. bankers, joined Robert W. …

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