Contact Information: Media Contact: Marc Sanders Director of Marketing 610.668.4700
Royal Bank America Parent Company Announces Appointment of Edward F. Bradley to Board of Directors
| Source: Royal Bancshares of Pennsylvania
NARBERTH, PA--(Marketwire - December 22, 2008) - Royal Bancshares of Pennsylvania, Inc.
(NASDAQ : RBPAA ) ("Royal"), parent company of Royal Bank America and Royal
Asian Bank, is pleased to announce the appointment of Edward F. Bradley to
its Board of Directors.
Mr. Bradley is currently an Adjunct Professor of Taxation in the Graduate
Business School of Philadelphia University. Prior to entering academia he
spent approximately 30 years working as a Financial Services Partner for a
major international accounting firm.
"Mr. Bradley brings another strong, independent voice to our Board of
Directors. His many years of hands-on experience working with financial
institutions on auditing and taxation issues will be a tremendous benefit
to us as we grow our business in an increasingly regulated industry," noted
Royal Chairman and incoming CEO Robert R. Tabas.
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 throughout Pennsylvania, New Jersey and
New York. As The Region's Premier Commercial 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. More
information on Royal Bancshares of Pennsylvania, our banks and subsidiaries
is available at www.royalbankamerica.com.