Royal Bank America Parent Co. Announces Stock Repurchase Plan

NARBERTH, PA--(Marketwire - May 22, 2008) - The Board of Directors of Royal Bancshares of Pennsylvania, Inc. ("Royal") (NASDAQ: RBPAA) has approved the continuation of its previously authorized stock repurchase program which expired May 16, 2008. Under the new program, Royal may purchase, from time to time, up to 5% of the outstanding common shares of the company in the open market or in negotiated transactions, depending upon market conditions and in line with prudent capital management and other factors over a twelve-month period.

Royal President/CEO Joseph P. Campbell noted, "As our previous plan expired, our Board of Directors authorized this new plan with the continued mindset that Royal shares represent an attractive investment, especially at current valuations."

About Royal Bancshares of Pennsylvania, Inc.

Royal Bancshares of Pennsylvania, Inc., headquartered in Narberth, Pennsylvania, is a two-bank holding company operating the Royal Bank America and Royal Asian Bank brands at 22 unique branch locations throughout Pennsylvania, New Jersey and New York. As The Region's Premier Commercial Real Estate Lender, Royal Bank America has played a lead role in the growth and development of our area for the past 40+ years. Royal Asian Bank enjoys a distinctive niche serving the financing and banking needs of the growing Asian-American population. Additional subsidiaries include RBA Leasing, engaged in equipment leasing solutions for small and mid-sized businesses, and RBA Capital, a lender finance company. More information on Royal Bancshares of Pennsylvania, our banks and subsidiaries is available at www.royalbankamerica.com.

Contact Information: Contact: Marc Sanders Director of Marketing 610.668.4700 x269