SOURCE: Royal Bancshares of Pennsylvania
October 19, 2007 16:35 ET
Royal Bank America Parent Co. Issues 50th Consecutive Quarterly Cash Dividend
NARBERTH, PA--(Marketwire - October 19, 2007) - Royal Bank America President/CEO Joseph P.
Campbell announced that the Board of Directors for the Bank's holding
company, Royal Bancshares of Pennsylvania, Inc. (NASDAQ: RBPAA), declared
its 50th consecutive quarterly cash dividend on October 17, 2007. This
dividend will be twenty-eight and seventy-five hundredths cents ($.2875)
per share for holders of Class A common stock and thirty-three and six
hundred twenty-five ten thousandths cents ($.330625) per share for holders
of Class B common stock of Royal Bancshares of Pennsylvania, Inc. The
record date is October 31, 2007, and the payment date is November 14, 2007.
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 six locations in metro-Philadelphia, Northern New Jersey and New York
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, high-yielding CDs & MMAs
and Internet Banking solutions at www.royalbankamerica.com and
The foregoing material is unaudited and may contain forward-looking
statements. We caution that such statements may be subject to a number of
uncertainties, and actual results could differ materially; therefore,
readers should not place undue reliance on any forward-looking statements.
Royal Bancshares of Pennsylvania, Inc. does not undertake, and specifically
disclaims, any obligation to publicly release the results of any revisions
that may be made to any forward-looking statements to reflect the
occurrence of anticipated or unanticipated events or circumstances after
the date of such statements.