SOURCE: Royal Bancshares of Pennsylvania
April 18, 2008 14:45 ET
Royal Bank America Parent Co. Issues 52nd Consecutive Quarterly Cash Dividend
NARBERTH, PA--(Marketwire - April 18, 2008) - Royal Bancshares of Pennsylvania, Inc.
(NASDAQ: RBPAA) today announced that its Board of Directors has declared a
quarterly cash dividend for the second quarter of 2008 of $0.15 per share
for holders of Class A common stock and $0.1725 per share for holders of
Class B common stock. Starting in 1995, Royal Bancshares of Pennsylvania,
Inc. has issued a cash dividend in 52 consecutive quarters. The record
date for this dividend is April 30, 2008, and the payment date is May 14,
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 structured finance company. More
information on Royal Bancshares of Pennsylvania, our banks and subsidiaries
is available at www.royalbankamerica.com.
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.