Bailout Bank Bio: Royal Bancshares of Pennsylvania

Aug 7, 2009 | 1 min read | Print Article

Royal Bancshares of Pennsylvania, Inc. (Royal Bancshares) is a bank holding company for Royal Bank America and Royal Asian Bank, which principally service Montgomery, Chester, Bucks, Philadelphia and Berks counties in Pennsylvania and in Northern and Southern New Jersey and Delaware. The company was founded in 1963 and is headquartered in Narberth, Pennsylvania. In February 2009, Roybal Bancshares of Pennsylvania received $30.4 million through the Treasury Departments Capital Purchase Program, in exchange for 30,407 shares of the Company’s Fixed Rate Cumulative Perpetual Preferred Stock, Series A.

Federal Equity Investment	$30.4 million
Total Revenue	$99,624,000 (2007) $81,677,000 (2008)
Net Income	$564,000 (2007) ($38,082,000) (2008)
Number of Employees	160
Corporate Headquarters	Narberth, Pennsylvania
Business Sector	Banking
Officers and Directors	Tabas, Robert, Chairman of the Board, Chief Executive Officer Other Officers and Directors
Corporate Website	http://www.royalbankpa.com/
Executive Compensation	Royal Bancshares