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Royal Bank America Parent Co. Announces Stock Repurchase Plan
| Source: Royal Bancshares of Pennsylvania
NARBERTH, PA -- (MARKET WIRE) -- May 16, 2007 -- Chairman Robert R. Tabas announced that the
Board of Directors of Royal Bancshares of Pennsylvania, Inc. ("Royal")
(NASDAQ : RBPAA ) has authorized the repurchase, from time to time, of 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.
Tabas noted, "We believe the current valuation of Royal shares represent an
attractive investment and as such feel this plan is both an effective use
of our company's capital and a tangible representation of our commitment to
enhancing shareholder value."
About Royal Bancshares of Pennsylvania, Inc.
Royal Bancshares of Pennsylvania, Inc., headquartered in Narberth,
Pennsylvania, operates seventeen full-service branch offices throughout
southeastern Pennsylvania and New Jersey under the name Royal Bank America
and five locations under the name Royal Asian Bank. Together, Royal Bank
America and Royal Asian Bank, along with Royal's other affiliates, offer a
wide variety of products and services, including commercial real estate
loans, asset based lending, structured financing, equipment leasing,
equity/mezzanine lending, high-yielding CDs & MMAs and Internet Banking
solutions at www.royalbankamerica.com and www.royalasianbank.com.