Three months after stepping down as the chief executive of Royal Bank of Canada's U.S. operations, Scott Custer is gearing up to build a new bank spanning the Carolinas and Virginia.

Custer recently became chief executive of Piedmont Community Bank Holdings Inc. in Research Triangle Park, N.C., a venture backed by Stone Point Capital LLC, a private-equity firm in Greenwich, Conn., and Lightyear Capital LLC, a private-equity firm in New York.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.