Royal Bancshares of Pennsylvania reports Q3 results
- BySeeking Alpha
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As of December 15, 2017, Royal Bancshares of Pennsylvania, Inc. was acquired by Bryn Mawr Bank Corporation. Royal Bancshares of Pennsylvania, Inc. operates as the bank holding company for Royal Bank America that provides a range of financial and banking products and services primarily in the Mid-Atlantic states. The company accepts various deposit products, such as demand deposits, money market deposits, savings and NOW accounts, and time deposits. It also offers loan products, including commercial demand loans, commercial mortgages, residential mortgages, consumer loans, construction loans, tax lien certificates, small business leases, and installment loans. In addition, the company provides cash management products and mobile deposits, as well as remote deposit capture, and payroll and merchant services; and buys, holds, and sells investment securities. It serves small and middle market businesses, commercial real estate investors, consumers, and depositors principally in Montgomery, Delaware, Chester, Bucks, Philadelphia, and Berks counties in Pennsylvania, central and southern New Jersey, and Delaware. As of January 31, 2017, it operated a network of 13 branches and 2 loan production offices. The company was founded in 1963 and is headquartered in Bala Cynwyd, Pennsylvania.