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RBC Bank Announces Retirement of Scott Custer


RALEIGH, N.C. – Oct. 1, 2009 – RBC today announced that Scott Custer, CEO of RBC Bank (U.S.) has decided to retire following a successful 25-year career in the financial services sector.

Jim Westlake, Group Head, International Banking and Insurance and current Chair of RBC Bank, has been appointed CEO of RBC Bank in addition to his current responsibilities.

"On behalf of the entire organization, I would like to thank Scott for his leadership and his commitment to helping us build our U.S. banking business," said Jim Westlake. "I look forward to working with our employees, communities and stakeholders across our markets as we focus on growing the leading relationship bank in the U.S. southeast".

About RBC Bank
RBC Bank, headquartered in Raleigh, N.C., offers a wide range of financial services and advice to individuals, businesses and public institutions throughout the Southeast. RBC Bank’s network includes more than 430 full-service banking centers in six states (Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia), an extensive ATM network and telephone and online banking. RBC Bank is the 38th largest U.S. bank by consolidated assets, according to SNL Financial’s List of the Nation’s 50 Largest Banks, September 2, 2009. RBC Bank is a wholly-owned subsidiary of Royal Bank of Canada (RBC) (RY on the TSX and NYSE), Canada's largest and most stable bank as measured by assets and market capitalization. In August 2009, Global Finance Magazine ranked RBC as the safest bank in the Western Hemisphere. RBC is also one of the world’s financial, social and environmental corporate leaders for the past eight years as on the Dow Jones Sustainability World Index. Additional information about RBC Bank may be found at www.rbcbankusa.com.

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For more information:
Dorsey Landis
RBC Bank/(919) 788-6272
Dorsey.Landis@rbc.com