Based in Narberth, Pennsylvania, Royal Bancshares of Pennsylvania, Inc. operates as a bank holding company. It is the parent business of Royal Bank of America and was incorporated in June 1994. The business remains publicly traded on the NASDAQ Global Markets and trades its common shares using the symbol RBPAA.
Royal Bank America (the bank) operates in two reporting segments: Community Banking and Tax Liens. Through its Community Banking unit, the bank offers a wide range of customary banking services. Its operations cover the state of Pennsylvania, Delaware and New Jersey. The Tax Liens unit is engaged in the acquisition of delinquent tax certificates from local municipalities. It generates income from interest rates.
Reportedly, the bank’s deposits as of December 2014 is estimated to be around $530.4 million. Royal Bancshares of Pennsylvania is one of the components of the Wilshire 5000 Index.
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